As I commented on the webinar it really should be up to Companies House to perform due diligence on those wishing to incorporate a limited company. The proposed registration of agents is yet another layer of responsibilty to be foisted on us. The saying used to be that auditors are watchdogs not bloodhounds. I did not sign up to be an intelligence officer or policeman. Anyone wishing to open a bank account has to jump through hoops (quite correctly) at the instigation of banks. Why cannot the government agencies take on their responsibility in a similar fashion?
Talking of HMRC's systems and total lack of joined up thinking (well I am now). I received revised 2021 tax calculations for two clients regarding SEISS claims which differed from the information provided to me by the clients. I wrote HMRC on 25 August 2021 asking for a breakdown of their figures to compare with the figures provided to me.
I received a response to both letters today. One says "HMRC cannot disclose any details of SEISS grants and all information must be provided by your client".
The other gives me full details of the grants issued!
Give me b....y strength.
A remark was made a while ago that HMRC was not fit for purposes. Nothing has changed.
I quite agree.
Laws are devised to protect people from harm or exploitation. The law surrounding MTD does neither. It will cause people great harm (by the imposition of penalties) and people will be exploited by the imposition of greater fees.
I can see no merit whatsoever in such a law.
Is the thinking behind the introduction of MTD that those of us responding in this blog will vent our spleen (as we have been doing most admirably) but will keel over in submission come April 2024?
Please HMRC, professional institutions and anyone with perhaps more than one brain cell (exceptng the first two of course) use all influence and endeavours to bring an end to this madness.
Following my previous post I have to tell you of a situation that occured this morning.
I received a letter from HMRC dated 21 October 2021 regarding corporation tax for a client. It is marked "Urgent - your client's company status for corporation tax". It goes on the give the full name of the client, UTR and our reference. It then says date of incorporation ** August 2020, first accounting period 1 September 2021 to 31 August 2022, due date for filing 31 August 2023. (yes, really).
I called HMRC and eventually got through only to be told to ignore the letter as it is wrong. Really! To make matters worse the person from the call centre acknowledged that the accounts and corporation tax return for the actual first accounting period to 31 August 2021 had been received by them and all was in order.
A lame excuse was made that "they got it wrong". Also, many such letters have been duplicated and sent out and if I was to receive another one I should ignore that as well.
So, HMRC, now let's discuss the workings of MTD ITSA!!!!!!!!!!!
I am so pleased for you as regards your practice, BUT (there is always a but after such a phrase), whilst I do not wish to be unkind, I really feel your opinion is skewed. I do not know if you were encouraged to respond to the many remarks that have been posted following the McCallum article by whichever bodies to which you are connected, or even McCallum himself. I think it much better that he comes out of his ivory tower and responds personally and takes up the invitations that have been offered to see for himself just what it is like to deal with the myriad of clients that cross all of our thresholds.
Oops, there go the three elephants flying past my window again.
My answers
As I commented on the webinar it really should be up to Companies House to perform due diligence on those wishing to incorporate a limited company. The proposed registration of agents is yet another layer of responsibilty to be foisted on us. The saying used to be that auditors are watchdogs not bloodhounds. I did not sign up to be an intelligence officer or policeman. Anyone wishing to open a bank account has to jump through hoops (quite correctly) at the instigation of banks. Why cannot the government agencies take on their responsibility in a similar fashion?
I DON'T B----Y THINK SO.
Talking of HMRC's systems and total lack of joined up thinking (well I am now). I received revised 2021 tax calculations for two clients regarding SEISS claims which differed from the information provided to me by the clients. I wrote HMRC on 25 August 2021 asking for a breakdown of their figures to compare with the figures provided to me.
I received a response to both letters today. One says "HMRC cannot disclose any details of SEISS grants and all information must be provided by your client".
The other gives me full details of the grants issued!
Give me b....y strength.
A remark was made a while ago that HMRC was not fit for purposes. Nothing has changed.
I quite agree.
Laws are devised to protect people from harm or exploitation. The law surrounding MTD does neither. It will cause people great harm (by the imposition of penalties) and people will be exploited by the imposition of greater fees.
I can see no merit whatsoever in such a law.
Is the thinking behind the introduction of MTD that those of us responding in this blog will vent our spleen (as we have been doing most admirably) but will keel over in submission come April 2024?
Please HMRC, professional institutions and anyone with perhaps more than one brain cell (exceptng the first two of course) use all influence and endeavours to bring an end to this madness.
Perhaps HMRC could get even more street cred if they cancelled MTD altogether!!!!!!
The £10,000 is certainly neither sensible nor equitable as is the rest of this MTD nonsense neither sensible nor equitable.
Dear Rebecca (again) and all
Following my previous post I have to tell you of a situation that occured this morning.
I received a letter from HMRC dated 21 October 2021 regarding corporation tax for a client. It is marked "Urgent - your client's company status for corporation tax". It goes on the give the full name of the client, UTR and our reference. It then says date of incorporation ** August 2020, first accounting period 1 September 2021 to 31 August 2022, due date for filing 31 August 2023. (yes, really).
I called HMRC and eventually got through only to be told to ignore the letter as it is wrong. Really! To make matters worse the person from the call centre acknowledged that the accounts and corporation tax return for the actual first accounting period to 31 August 2021 had been received by them and all was in order.
A lame excuse was made that "they got it wrong". Also, many such letters have been duplicated and sent out and if I was to receive another one I should ignore that as well.
So, HMRC, now let's discuss the workings of MTD ITSA!!!!!!!!!!!
Dear Rebecca
I am so pleased for you as regards your practice, BUT (there is always a but after such a phrase), whilst I do not wish to be unkind, I really feel your opinion is skewed. I do not know if you were encouraged to respond to the many remarks that have been posted following the McCallum article by whichever bodies to which you are connected, or even McCallum himself. I think it much better that he comes out of his ivory tower and responds personally and takes up the invitations that have been offered to see for himself just what it is like to deal with the myriad of clients that cross all of our thresholds.
Oops, there go the three elephants flying past my window again.
Hear hear.