Member Since: 25th Mar 2004
Entered practice in 1973.
2nd Feb 2018
The two SA returns that I filed on 31 January show on HMRC website (SA - named client - "Your current client ") as follows:
"Tax year ending 05 Apr 2017.
You can file or amend your tax return using commercial software."
Standard practice of HMRC for this message to be present for about 2 or 3 days after filing before becoming:
" Tax year ending 05 Apr 2017.
HM Revenue & Customs (HMRC) received your tax return on 31 Jan 2018. "
22nd Jan 2018
So far as I have seen, the manage services option is only available by client logging into www.gateway.gov.uk - not logging into usual hmrc services.
12th Jan 2018
If by ESL you mean ECSL (ie. EC Sales Lists) then the appointment of an agent is made via the client's own GG account.
The process works as follows (assuming ECSL already listed as a service for the client):
1. Agent logs into www.gateway.gov.uk and makes a note from there of "Agent ID" which will be in a format similar to DM67-GB88VV4K7ABC (access this by clicking on "Your Account")
2. Client logs into their own GG account and selects "Manage Services"
3. On the list of services look for EC Sales Lists and click on "Appoint Agent"
4. A window opens up where Gateway Agent ID has to be typed in (see step 1 above how to obtain)
5. Click continue, log in page comes up, client types in their GG ID & PW
Then the service / client should appear on agent's services list.
The above proceedure avoids the Authorisation Codes by post proceedure and is good for most services that the client has on their list (eg. PAYE, CIS, VAT return filing, ECSL). I prefer this method of agent appointment as it seems to be a much quicker process.
27th Oct 2017
I would check with your software suppllier to see if you have their latest update.
23rd Oct 2017
Add to the following list:
" There will be particular issues for VAT groups that need to combine accounting information for a single VAT return from several companies, and for businesses who use any type of VAT scheme which requires adjustments to the accounting figures such as:
Flat rate scheme (FRS)
Tour operators margin scheme (TOMS)
Capital goods scheme. "
Partial exemption where in some cases (eg. Opticians, landlords with both residential and opted to tax properties, Members' Sporting Clubs) additional computations beyond the capabilities of typical bookkeeping software are required. Whether any MTD capable software will have Partial Exemption computational abilities is yet to be seen.
8th Oct 2017
I see that today, 8th October, the option to file CIS300 returns dated 2017 is now present again.
6th Oct 2017
I actually managed to file a month ended 5th October 2017 CIS300 return (actually a nil declaration) this was done two days early on 4th October 2017.
Looking at online CIS300 filing on 5th and 6th October I saw that the drop down year box now only goes as far as 2016, the current year 2017 being now absent.
So this mysterious error on HMRC's part appears to have arisen late on 4th October or early on 5th October.
25th Aug 2017
Another article published this week on GDPR has an interesting title:
Regarding the text of the article, one paragraph might give comfort to those made unnerved by scaremongers:
" While data protection regulators can and will increase the number and frequency of fines under GDPR, these will be necessary, proportionate, and only ever applied as a last resort. The fines totalling a percentage of a company’s global turnover, be that one billion pounds or not, will be reserved for the largest companies processing the biggest volumes of data and committing the worst data breaches. "
24th Aug 2017
Interpretation of tax legislation can work in a taxpayer's favour, the landmark case was about 15 years ago, ie. Pepper (Inspector of Taxes) v Hart.
HMRC (like a taxpayer) is free to interpret the intention of Parliament then if their interpretation is disputed the appeal Courts can read Hansard / Parliamentary debate on the legislation concerned and determine the intention which may well (like the Pepper vs Hart case) create a result different to the actual wording of legislation.
A purposive interpretation overides a literal interpretation.
If the intention was to close (or create) a loophole, but the draughtsman of the legislation made an error then intention wins, literal interpretation of incorrect words loses.
24th Jul 2017
So, which software will make the specialised VAT calculations (and at what cost) for the Following:
1. Partial exemption
2. Margin Scheme
3. Retailer specicial schemes
4. Annual adjustments for the above where necessary?
Currently if using any mainstram desktop or cloud based systems it is a matter of exporting data to Excel to do the necessary calculations (quite complex ones in some cases) which are seemingly beyond the ability or development budget of typical software [for small businesses] suppliers.
Presumably there will be double cost for clients liable to the scenarios that I list:
i. Cost of new software to replace existing software (Existing Excel software that is integrated with the necessary special calcuations Excel will need to be made more complex)
ii. Cost of add ons to do the special calculations
iii. Training costs to use the new software (as it will undoubtedly be more complex than an existing Excel cashbook - instead of a simple one line entry it will be necessary in some software to create payments via a special form onscreen with lots of boxes to be populated)
iv. Client gives up, too much hassle, so needs to pay accountants or bookkeepers for the new hassle under "Making Tax Difficult 2" (MTD2 let's call it).