Member Since: 4th Apr 2013
1st Jul 2020
For various reasons, decisions to switch to Annual Accounting were made late in the day, but yes had we moved them to annual before 1st April 2019 we could have delayed MTD
In terms of processing it made little difference, it's just the dogs dinner that the Annual Accounting Unit have made of things at the end of the year that's sunk our battleship
Annual accounting periods starting 1st April 2019 are due for filing under MTD two months after the chosen period end unless one of the special cases applied
Clients did cancel DD's at the bank as per HMRC guidance, but for Annual Accounting it turns out to be some sort of rolling agreement that resurrects itself every month and they just keep taking the money
1st Jul 2020
I can't see any quick resolution to this, HMRC are "aware of issues"
Fortunately the nature of the beast means they've got a year to sort it out before it becomes a problem again, which for HMRC probably isn't long enough, but for now it's a right PITA
On top of that they seem to struggle with administering requests to change installment amounts. A number of our clients had to close their doors due to lockdown and we requested a reduction of the monthly direct debit to nil as of April, but HMRC are still taking money, unauthorised, from their bank accounts. Our clients can and have got it back under the direct debit guarantee, but they shouldn't have to do that
In my experience the Annual Accounting Unit has displayed complete ineffectiveness at every stage from initial application to ongoing administration. We chose to move clients to annual accounting to give us flexibility in processing data for MTD purposes which has worked well, but these administrative difficulties have created a completely new set of problems that we couldn't possibly foresee. I know HMRC are generally poor performers, but they've really made poor performance a fine art in the Annual Accounting Unit
8th Sep 2017
If you're using Windows you could just:
Go to control panel,
Clock, language and region,
Change the date, time, or number format,
Additional settings under the formats tab,
Pick brackets for the negative number format and apply,
Then you can ditch the custom format in Excel use the accounting format with or without a currency symbol and you have brackets, thousand comma separators and they all line up in the column.
As this is a system setting that's being changed you might need a re-boot before it takes full effect.