Member Since: 24th Jan 2014
17th Nov 2021
A proportion of the population who consider themselves honest think that everyone lies to HMRC when submitting tax returns and to insurance companies when making claims. Money with no checks was always going to tempt those people.
5th Nov 2021
My observation in the past that they collected the good payers and not the slow/none payers so the business still has all the hassell for a small improvement on cash flow from the good customers.
25th Oct 2021
I agree that MTD is for the benefit of HMRC but if you read any of the replies it is not for the benefit of accounting practitioners. Your entry is attacking accountants which is grossly unfair. Please vent your anger on HMRC and the software suppliers. We want to support our clients. We did not ask for MTD
21st Oct 2021
I left my last job and set up as a sole practitioner over 20 years ago because my boss was treating clients as customers. The unannounced visit on a client's home, my bosses home and the office did not inspire me with confidence either.
Definitions which I wish people would understand:
Customer - as in the customer is always right
Client - Seeks and is given advice which they may or may not like. They can however choose who advises them.
Tax payer - Has no choice. HMRC does not have customers.
Ethics - Firms must select partners, directors & staff who act ethically. You can define ethics but you cannot teach people to be ethical people.
10th Sep 2021
So individuals with generous pensions who retire early or at retirement age will not pay the NI levy. Individual with little or no pensions who work past their retirement age to supplement their pension or enable them to postpone their pension and get more when they retire will pay the NI levy. Very fair!
3rd Sep 2021
You you used to write articles that suggested that the rules would work. Almost like you were supporting the changes. I get the impression from the last two articles that you do not think that MTD can work, which is what a lot of us thought several years ago.
3rd Sep 2021
Why is MTD bypassing the ordinary media (TV, Radio & Newspapers) & MPs.
A few years back I attended a presentation by HMRC about MTD which was attended by say 20 accountants and 2 of the 3 Wolverhampton MPs. The one MP arrived late, left early and I do not think understood any thing about accounts or tax. The other MP stayed for the duration, when I spoke to him afterwards I think he did understand the problems but not enough to be concerned. He stood down at the next general election.
I deal with very small clients who do not know MTD is coming until I tell them and mostly not either accounts or IT savvy.
As I will be 70 next January I will be opting out by retiring. I would have continued was it not for MTD.
24th Jun 2021
I think that as well as revealing the tax payer the agent needs naming as well. I hope not a member of recognised accountancy body. I know I am not the only accountant who has lost clients and the new accountant results in much less tax being due.
I hope HMRC checks other clients of this agent
7th Jun 2021
Thanks. I have now realised was missing box on main return.
18th May 2021
Currently I believe Solicitors are involved in advising if people on choices between being Joint Tenants or Tenants in Common (consequences for income tax), gifts of property (Capital gains tax consequences), arrange searchs' on purchase of property, set up trusts for peoples homes to benefit the children, draw up wills and advise on inheritance tax but those who provide conveyancing services seem unable to advise that Capital Gains may/will be due and that their client needs to notify their accountant/or appoint one promptly when a residential property that does not qualify as a PPR is about to be sold.