Member Since: 27th Apr 2000
9th Jul 2020
Re the claim that MTD would eliminate this sort of evasion. The taxpayer submitted 12 consecutive fraudulent nil returns. Presumably the taxpayer would continue to submit fraudulent returns under MTD, possibly keeping two sets of records. We are not told whether the taxpayer has been or will be prosecuted for evasion, but that is a higher order offence to incorrect methods of record-keeping.
11th Jun 2019
"senior officials from 15 professional bodies of a variety of sizes felt that the system of self-regulation of professional bodies was working well"
24th Jan 2019
No doubt HMRC, transparent and fair-minded organisation that it is, will follow up with a list of excuses for its own multiple errors.
10th Jan 2019
I cannot see the benefit of this except for organisations who want to profit from my information:
Eg, from the Openbanking.org website:
With Open Banking, you can make payments directly from your bank or building society.
Er, like I do now?
Open Banking is free. However, some regulated apps and websites may choose to charge you for their products and services.
If money has been taken from your account without your authorisation, contact your bank or building society as soon as you notice. Depending on the circumstances, they may be able to pay your money back.
"May be able" - fills me with confidence
11th Dec 2018
Presumably, in addition to higher accountancy fees (by 30%), client will also have the extra monthly cost of software.
8th Aug 2018
Agreed - absolutely no need to change to cloud bookkeeping software for MTD.
8th Aug 2018
Exactly - cannot prepare meaningfully and economically with so many unknowns. And I am certainly not going to invite clients to use any pilot scheme that might backfire on them and on me.
20th Apr 2018
On another Companies House issue, I am currently awaiting a reply to my question to Companies House why they are sending out reminder letters by post which include the company number and authorisation code, which would enable anyone who intercepted this to fraudulently take over the company.
16th Feb 2018
Presumably the debt lies with the ltd company, which will be insolvent and unable to pay, and not with the individual?
Does the BBC now have to account for Paye and NIC for the period of employment?
And does the individual now have employment rights such as holiday pay that can be claimed from the BBC?
30th Aug 2017
Surely we are merely back to square one?
We (well certainly I) still do not know what will be the final requirements, so cannot plan. Delaying implementation until 2019/2020 is great re giving extra time to prepare but only if the exact requirements re the data and its submission have been determined and published at the start of that extra time, otherwise we actually have no extra time but are merely delaying when we start preparing.
Agreed. The software providers and other MTD cheerleaders continue to tell us how marvellous it will be.
It remains debatable whether five tax returns per year, four of which will be overridden by the fifth, is more efficient than the current system.
Keeping client records up to date on a timely basis is no reason for sending partial and incomplete information to HMRC on a quarterly basis.