One thing I know has been happening is people getting BBLs and putting the money straight into Premium Bonds. If you look at the amount of winners over the last few months, so many of them mysteriously bought £50,000 of premium bonds in May or June 2020. Far too many to be a coincidence.
I finally got a response from CH via Facebook this morning. They've admitted they were having issues and that it's now fixed and the backlog should be cleared in a few hours.
We had 3 out of 4 accepted overnight, and the other one is still pending. I did print the preview panes (also using VT) so I've captured the proof that they were filed and received in time - on all 4 - so we can appeal any penalties. Not sure what else we can do.
It just took me into the PAYE Gateway, not to a specific area. But I've found what I need now, you have to go in as if you're starting a new claim, then it lets you report the error.
Thanks for the reply though. I've been googling all afternoon and getting nowhere.
:)
Just in case anyone is having trouble with this, I've managed to find out how to do it.
You do indeed go through your Gateway and into the Job Retention Scheme Claim screen. Once you've confirmed the client you want to make a new claim for - it then asks whether you want to report an overclaim. Which I've now done. All worked well.
You're a superstar, just found 4 CT and 3 SA clients assigned to nobody.
This has been driving me nuts for a few weeks now, and asking clients to file paper 64/8 as I just thought the system didn't like them.
Thanks Portia. This was what I thought, but I've read so many manuals and bits of legislation today my head is spinning. We are only claiming for the costs we can prove so we certainly know we are not overclaiming.
The fish in question are really specialist fish, some retail for over £300 each.
From speaking to my friendly mortgage adviser recently, most of the residential lenders don't want certified accounts for sole traders - they act on the SA... (the form number escapes me) but it is essentially the form that HMRC send out confirming the net profit submitted on the client's tax returns. Not sure what the procedure is for Company Accounts as I haven't encountered this situation yet. As for PII, when I arranged cover for our practice - I did a quick quote with Policy Bee and could only choose "Accounts (Chartered or Certified)" so I called them up, explained we were neither of these, and the cover was granted. The change to the premium was zero. I was gobsmacked - I had expected to pay double but this wasn't the case. Obviously we registered directly with HMRC for ML.
Agreed, the exams were ridiculously easy, but some formal training is better than none. There are a number of us who have gained sufficient experience to be able to manage general bookkeeping, VAT payroll and some (simple) SA stuff. Although I had a great accountant who took me under her wing and was a wonderful mentor. I would suggest anyone subcontracting any work to anyone to carefully review the work completed, as no bookkeeper is going to have the level of training and understanding in tax to get everything correct. Otherwise we would all call ourselves accountants. Once you have gauged their abilities you'll know how much you can expect, or look for someone else.
I personally am halfway through ACCA qualification, and knowing what I know already, I don't think that bookkeepers should be able to do SA as the understanding required is just too great.
You can find qualified/insured bookkeepers with Practice Licence on www.bookkeepers.org.uk. You can post on their lead for what you are looking for, required level of qualifications and experience. This page is only visible to bk who meet your qualification requirements so you won't get applications from muppets. These jobs are also emailed out to the nearest practising BKs who fit the requirements. Also their insurance and ML procedures are verified as part of the PL too. And you can call the ICB if you have any questions.
Also, each level of qualification has both manual and computerised element. Both have to be passed to gain the qualification.
My answers
One thing I know has been happening is people getting BBLs and putting the money straight into Premium Bonds. If you look at the amount of winners over the last few months, so many of them mysteriously bought £50,000 of premium bonds in May or June 2020. Far too many to be a coincidence.
I finally got a response from CH via Facebook this morning. They've admitted they were having issues and that it's now fixed and the backlog should be cleared in a few hours.
We had 3 out of 4 accepted overnight, and the other one is still pending. I did print the preview panes (also using VT) so I've captured the proof that they were filed and received in time - on all 4 - so we can appeal any penalties. Not sure what else we can do.
It just took me into the PAYE Gateway, not to a specific area. But I've found what I need now, you have to go in as if you're starting a new claim, then it lets you report the error.
Thanks for the reply though. I've been googling all afternoon and getting nowhere.
:)
Just in case anyone is having trouble with this, I've managed to find out how to do it.
You do indeed go through your Gateway and into the Job Retention Scheme Claim screen. Once you've confirmed the client you want to make a new claim for - it then asks whether you want to report an overclaim. Which I've now done. All worked well.
You're a superstar, just found 4 CT and 3 SA clients assigned to nobody.
This has been driving me nuts for a few weeks now, and asking clients to file paper 64/8 as I just thought the system didn't like them.
And thanks, Basil.
Only just seen your comment. Total costs incurred are less than £4000, so small fry (if you'll excuse the pun).
Thanks Portia. This was what I thought, but I've read so many manuals and bits of legislation today my head is spinning. We are only claiming for the costs we can prove so we certainly know we are not overclaiming.
The fish in question are really specialist fish, some retail for over £300 each.
From speaking to my friendly mortgage adviser recently, most of the residential lenders don't want certified accounts for sole traders - they act on the SA... (the form number escapes me) but it is essentially the form that HMRC send out confirming the net profit submitted on the client's tax returns. Not sure what the procedure is for Company Accounts as I haven't encountered this situation yet. As for PII, when I arranged cover for our practice - I did a quick quote with Policy Bee and could only choose "Accounts (Chartered or Certified)" so I called them up, explained we were neither of these, and the cover was granted. The change to the premium was zero. I was gobsmacked - I had expected to pay double but this wasn't the case. Obviously we registered directly with HMRC for ML.
Agreed, the exams were ridiculously easy, but some formal training is better than none. There are a number of us who have gained sufficient experience to be able to manage general bookkeeping, VAT payroll and some (simple) SA stuff. Although I had a great accountant who took me under her wing and was a wonderful mentor. I would suggest anyone subcontracting any work to anyone to carefully review the work completed, as no bookkeeper is going to have the level of training and understanding in tax to get everything correct. Otherwise we would all call ourselves accountants. Once you have gauged their abilities you'll know how much you can expect, or look for someone else.
I personally am halfway through ACCA qualification, and knowing what I know already, I don't think that bookkeepers should be able to do SA as the understanding required is just too great.
You can find qualified/insured bookkeepers with Practice Licence on www.bookkeepers.org.uk. You can post on their lead for what you are looking for, required level of qualifications and experience. This page is only visible to bk who meet your qualification requirements so you won't get applications from muppets. These jobs are also emailed out to the nearest practising BKs who fit the requirements. Also their insurance and ML procedures are verified as part of the PL too. And you can call the ICB if you have any questions.
Also, each level of qualification has both manual and computerised element. Both have to be passed to gain the qualification.