Member Since: 8th Sep 2008
17th Sep 2021
There are no inaccuracy penalties for quarterly updates and no plans for them. Record keeping penalties might be relevant but these have not been refreshed for MTD.
7th Jul 2021
Covered as practical point 151 in June’s TAXline from ICAEW’s Tax Faculty. https://www.icaew.com/technical/tax/tax-faculty/taxline/taxline-2020/jun...
7th Jun 2021
The taxpayer can check how much has been claimed by going to https://www.gov.uk/guidance/return-to-your-claim-for-the-self-employment....
They don’t need to have kept a screenshot.
3rd Jun 2021
After the transfer agents must file from the agent services account (ASA), not the older AOS portal, but you need to check in the old portal to see whether transferred.
16th Sep 2020
See https://www.icaew.com/technical/tax/tax-faculty/taxguides/2020/taxguide-... from ICAEW Tax Faculty where we have tried to fill the gap in guidance.
6th May 2020
The ICAEW guidance has indeed been updated: https://www.icaew.com/insights/tax-news/2020/may-2020/new-government-gat.... The design of the system changed slightly and taxpayers are now prompted to create a government gateway ID in the eligibility checker, that is the sensible place to do so as avoids the PIN in the post. Existing government gateway IDs with access to self assessment should also work. The thing to avoid is setting up a new ID outside the SEISS process as that will mean a PIN in the post and delay.
11th Sep 2019
My understanding is that the sample size was half of the VAT population and that the additional declaration will now be presented to the other half of the population. As Rebecca points out, many of these traders will have moved to MTD in the meantime and so won't be presented with the declaration until such time as they are extended to commercial software.
28th Aug 2019
You can now change VAT quarters and the VAT certificate from here: https://www.gov.uk/guidance/update-your-clients-business-details-if-they...
Still not sure why HMRC is keeping this a secret and not making it available directly from the agent services account.
4th Jun 2019
My understanding of the change to the VAT notice, based on discussions with HMRC, is that the relaxation is a bit more limited and only applies where the statement shows a full VAT breakdown ie, even if all the supplies are standard rated you can't just back calculate the VAT?
The impossible, impractical or unduly onerous regulation allows HMRC to relax the requirements but I'm not sure that it allows a trader to adopt a shortcut not in the notice without agreement from HMRC?
Agree that it will be interesting to see how rigidly these requirements will be imposed in practice.
5th Mar 2018
https://www.gov.uk/government/news/on-time-self-assessment-returns-break... says 745, 588 returns unfiled at 31 Jan 2018, not 795k?
Do we have any news on the exclusions list for 2017/18? Exclusions will need to be a thing of the past for MTD - how are HMRC going to get to that position?