C J EYRE
Member Since: 21st Jan 2015
22nd Jul 2020
As I started this, let me ask how many Accountants have completed the new Capital Gains Tax Return. I have completed 2 so far, a joint let property. Don't quite understand why we have to do so much work. Firstly the clients have to open a Government Gateway, fortunately they both had a computer, and then they had to click on complete CGT Return. They get a number which they have to then send to me. I then had to open an Agents Service account and enter this number in the appropriate box to then be given an Web address to sent to both my clients who have to then tick it to authorise me to act on their behalf, before then letting me know they have done that. I then complete the CGT Return, but have to estimate how much Tax they have to pay and let them know the Tax Reference they have to put on the back of their cheques. Then I understand that I have to put all these figures again on next years Tax Return and adjust any payment accordingly. And all this has to be done within 30 of the sale.
Its all a waste of time, no wonder I am looking at packing it all in next January.
22nd Jul 2020
Thanks. Just made my mind up that I retire on 31 January 2021. Being an older Accountant, I just do not feel up to trying to get and train my clients, who do not have computers, do not understand computers, and do not want a computer all about MTD.
Personally I can see many of our older small property repair type clients officially retire and then do cash in hand jobs, at a Tax loss to the Revenue, plus any state benefits they can then claim.
8th Jun 2020
Why have over 2 million self-employed not claimed SEISS.
Well, I have several self-employed clients who have been unable to claim SEISS because they have been prudent and not spent their money on expensive holidays etc. and instead invested in private pension schemes. Because their pension income, including state pension, now accounts for over 50% of their income, then they can not claim SEISS.
Those that have spent all their money are now getting SEISS and other benefits.
For a government that wants people to invest for their old age, then being penalised by not being able to claim SEISS is certainly no encouragement.
The advise seems to be the same as a lady many years ago said when she won on the pools, Spend, Spend, Spend, then the state can look after you afterwards.
I can see no reason to advise my clients to invest in pensions anymore.
6th May 2020
Asked the Revenue how my clients with no computer access will be able to deal with their claims. Informed that they will be able to do it by phone. There could be a million or more people in this situation, so hope the Revenue phones will be fully covered. On the same line, has anybody tried contacting the agents help line. I have 8 times. 5 times I have been disconnected after about 3 minutes of waffle. The other 3 times the phone just rang and was not answered. So god help my clients when they try to get through for SEISS
15th Apr 2020
When I login to my Gateway site, I then go to my PAYE services. Against all my PAYE clients it says confirmed. I assume this will allow me to deal with all my clients repayments. Am I correct to assume that
PS I do not intend to charge and make money out of my clients as I am sat doing nothing at the moment. We should all help our clients who are in this situation through no fault of their making, and for once, stop trying to make money out of a bad situation.
7th May 2019
Another method of getting more money from us. At the moment I pay £130 a year and all I get for it is another letter 12 months later asking for another years money, with other no communications in between
5th Jul 2017
If we are having a points system, then can we have it in both directions as I am still trying to get reply's to 2 letters I sent to the Revenue in December 2016 re errors they have made in respect of my clients affairs, both in respect of NIC adjustments they wrongly made to my clients submitted Tax Returns.
7th Jun 2017
I accept that there is only talk of 55% Tax Rate at the moment. However, this could increase as it did in the 1970's. I remember the Investment surcharge stated at 5% and then moved up to 15%. Likewise, the general top rate of tax increased year by year. There is nothing to stop JC dropping the bands at which higher rates of Tax start.
I worked in the Accountancy industry in the 1970's and remember my firm having to get special permission in order to give me a realistic pay increase and a promotion as such things were not allowed in those days because of the poor state of the government finances.
Please remember the winter of dis-content which saw the Labour government kicked out of power in 1979 because of these measures.
At least TB and GB did not try to repeat them when they took power in 1997.
With JC promised spend on everything that appears to be a vote winner, where is he going to raise the Revenue?
Unfortunately, I live in a real world where what I spend has to be earned. Governments and Councils just raise taxes and rates, so the working people/businesses end up paying for their miss spent cash ideas.
Ask people who the rich are and they will say somebody earning more than themselves. Likewise, who are the poor and it is somebody earning less than themselves.
It reminds you of the classic TV sketch of I look up to him but down to him by the 2 Ronnie's.
I will leave it at that so you can go back to your Labour canversing in your neighbourhood
6th Jun 2017
I well remember the Labour government of the late 1970's when income over £20,000 after personal allowances was Taxed at 83%, plus another 15% on investment income making 98%.
Mrs T reduced this to 60% when she took office in 1979, and surprise, the actual Tax collect went up.
Will JC take this into account before he raises tax for so call high earners. I doubt this.
Will the last so called rich person please turn the light switch off when they leave the Country again.
1st Mar 2017
All the figures quoted appear to be for year one costs. What will be the costs in year two onwards for yearly updates to soft wear programmes etc.
Also, has anybody took into account the cost of purchasing a printer to keep a hard copy for their accountants.