Member Since: 12th Mar 2017
13th Oct 2020
I did this and for lots of reasons chose the sole trader option. These days the tax advantages of the company are less too. However you won't have limited liability if you don't have a limited company so although not a tax issue that could be important if you may be sued for this aspect. You may need insurance or want insurance and to limit liability in your contract terms.
10th May 2019
As someone else said it must be reported if it poses a risk to people's rights and freedoms.
Recital 75 of GDPR says
"The risk to the rights and freedoms of natural persons, of varying likelihood and severity, may result from personal data processing which could lead to physical, material or non-material damage, in particular: where the processing may give rise to discrimination, identity theft or fraud, financial loss, damage to the reputation, loss of confidentiality of personal data protected by professional secrecy, unauthorised reversal of pseudonymisation, or any other significant economic or social disadvantage; where data subjects might be deprived of their rights and freedoms or prevented from exercising control over their personal data; where personal data are processed which reveal racial or ethnic origin, political opinions, religion or philosophical beliefs, trade union membership, and the processing of genetic data, data concerning health or data concerning sex life or criminal convictions and offences or related security measures; where personal aspects are evaluated, in particular analysing or predicting aspects concerning performance at work, economic situation, health, personal preferences or interests, reliability or behaviour, location or movements, in order to create or use personal profiles; where personal data of vulnerable natural persons, in particular of children, are processed; or where processing involves a large amount of personal data and affects a large number of data subjects."
23rd Oct 2018
Thanks. I watched from 16.48 and it was very interesting with good points made including the extent to which software may not cope well with people's complex issues, even just the petrol receipt with the chocolate bar on it point that was made.
The lady expert made the good point that the overall plan we understand - HMRC want everyone on the same system, that HMRC can see and have transparency over but just bringing in MTD now and compulsorily on its own with just the same boxes of data as now is pretty pointless.
17th Sep 2018
This is going to be the difficult thing for we paper records only people - do we take a change and just go our merry way and 100% accurate way we know and love and trust and then just put a few total on an excel sheet eg one large figure for the total of all our invoices and ditto expenses and then the bridging software at least at first then effects that submission - that breaks the law although as the result is no less tax is paid it and there is a soft landing it may not be a massive issue. Or do we spend hours of time we don't have learning something new we don't want.
Indeed there is nothing to prevent the user maintaining paper VAT records then typing the totals only into their spreadsheet.
Except the law.
13th Sep 2018
Most employers prohibit employees from looking at work emails in any public place under their IT policy as it would breach confidentiality and GDPR. Whilst you might think it unlikely anyone would listen in to a business call on a train it is possible as is being able to see and take a photo on a mobile of someone's screen. For a lot of professions it will also breach professional conduct rules too to work on a train.
17th Feb 2018
Is there a written description which is short that people can read anywhere of what the process is likely to be. Eg I am guessing
1.Pay huge sum per month for life for a rented software product. Download it to your PC hoping that works.
2. Every time you get a paper receipt you have to scan it and then paste or upload it into this system on your computer (hopefully not the cloud which never works for me).
3. Make a note of the sum you spent into the software including how much of that was VAT.
4. Issue an invoice to a client and scan that and then type in the amounts into the software.
5. Once a quarter the software says what you have spent, what the VAT was and what VAT you charged, works it out for you, you have no chance to correct it even if it is clearly wrong as that involves interfering with the software so might introduce human error and then you click a button saying send this to HMRC and then HMRC spew out some kind of VAT return as now and tell you the amount to pay and then you lot into your on line banking and pay (or post them a cheque).
is that the gist of these software products for those people who don't use a mobile?
14th Feb 2018
That first post describes me except I don't even use an accountant (I am too stingy!).
If I can be shown a product that say costs a one off fee of £10 for life I might have a try with it.
I am not holding my breath and yes if the law requires me to comply next year I will have to. HMRC has not yet written to VAT payers as far as I know about the plan and time is running very short for people who are extremely busy working 6 or 7 days a week just running a business without even a secretary never mind an accountant to find a product (HMRC should make one free to download and fully indemnify us if it ends up causing damage or loss or takes us time - time as the very first post here illustrates for many people like me a big issue too not just having to pay for something that currently costs not a single penny).
Oh well let us wait to see and I hope I don't have to scan anything - my scanner takes ages, there is very little mobile signal here so my blackberry smart phone is not going to be useful.
12th Feb 2018
I have no direct experience but it may be worth the client going on line to moneyclaims online and bringing a small claim which I suspect HMRC are unlikely to defend as it is just £700 unless they think a lot of similar claims will follow.
Under the law I expect it will depend on what the regulations to impose that original charge say - if they say HMRC can charge based on whatever massive mickey mouse sum they originally came up with the client might lose although even then the county court judge might be sympathetic - HMRC could say £10m is due, get fees based on that £10m when clearly only £1000 was due. It seems a breach of natural justice , not that that is the law, to allow such a high fee and it might be a counted as a "penalty". In law penalty charges can be void although fairly high parking charges recently were upheld as valid and not penalties.
12th Feb 2018
Yes, GDPR covers postal marketing as long as it involves personal data about a living individual. Eg a letter to Mr John Smith of BT uses Mr John Smith's name and thus personal data whereas a letter just to Head of Retail at BT does not.
12th Feb 2018
My only issue with that is you may get some know-all who makes a big issue over not signing it with a deliberate refusal or people who do not bother to send it back.
As you may have a right to process their data for those purposes without consent under the legitimate interests provision the big issue for some companies is whether to stir up a hornet's nest by writing to everyone or just leg sleeping dogs lie under legitimate interests. As you write to everyone once a year anyway however writing to them about this too at the same time seems to make sense.
Perhaps add you are registered with the ICO and your number although there is no legal obligation to say so.