Member Since: 20th Jan 2017
23rd Jul 2021
If all sole traders/landlords need to report on the same quarter date (realistically a 20 day window not 40 days by the time you have all the info, as someone has pointed out already) then I don't see any option other than to halve my client base of that type of client. I can't physically do of all that work in that time period, every 3 months, and I'm not prepared to either. Those who are happy/prepared to go onto a monthly bookkeeping system can stay, those who want to drop stuff off every 3 months will have to go. Simple as that unfortunately.
Re the 31 March cut off as a reporting period, that's going to be fun for subcontractors who have to work to tax months because that's how the CIS system works!! Unless they are also proposing to also change CIS months to calendar months then subbies deduction certificates are going to be in different tax years to their payments for two months of each year.
13th Jun 2021
'Digital handshake' - so does this mean we will have to go to hell and back to get clients signed up for a GG account, same as CGT mini returns, in order to be able to view info that we should be able to access anyway given that we have a 64-8 in place!!
20th Feb 2021
This is complete craziness! 11 returns instead of the current 5 for that scenario. From an accounting perspective we're going to end up with more deadlines than we know what to do with, never mind how much all of this is going to cost the client. This is the most unnecessarily over complicated thing ever and I really hope that someone sees sense before 2023.
20th Jan 2017
That's a very sensible sounding plan. Re no 7, I hadn't thought of it like that, I guess I'd been thinking of it like VAT returns with a fixed quarter and deadline, but if it's going to be totally flexible (and there's some easy way of tracking how many of your 90 days till next submit you have left) then that could be very useful.