Member Since: 6th Apr 2010
5th Apr 2017
HMRC is a non-ministerial department of the UK Government and its head is a permanent secretary with the title of Chief Executive, who is responsible to the Financial Secretary to the Treasury. HMRC and HM Treasury occupy the same physical building but use different entrances. The HMRC entrance is at 100 Parliament Street, a continuation of Whitehall running from Downing Street to Parliament Square.
5th Apr 2017
In the example given (a 30 April y/e) there will be a 21 month period when the accountant will be dealing simultaneously with quarterly digitals (from 1.5.18 onwards) and also annual analogues (to 30.4.18), i.e. the analogue accounts to 30.4.18 go into the 18/19 TR to be filed by 31.1.20, and in that 21 month period there will be 6 quarterly submissions and 1 EoY submission. In other words there is no transition period unlike the two-year transition period when self-assessment was introduced.
I'm going to start wearing a belt and a pair of braces as this is turning into a Whitehall farce.
19th Nov 2015
and another thing or two ...
The balance sheet notes required in 'filleted accounts' would include Reserves and Reconciliation of Movements in Shareholders' Funds. Both show the dividends paid during the financial period. This will be popular with politicians and celebrities who trade through small companies.
A PBSE does not necessarily involve balance sheet items so any PBSE note may need to be 'filleted'.
27th Apr 2015
It's not over until ...
see para 27(2) of the judgement.
27th Jan 2015
Digital by Default ?
Could this be part of the government's strategy known as 'Digital by Default' ? I.e. discouraging the use of cheques and payslips when paying funds to HMRC.
19th Jan 2015
High income child benefit charge
Question 2 in the 2013/14 Tax Return differs from that of 2012/13 but our expensive tax software still asks for an answer to the 2012/13 question.
2012/13 - Enter the number of children you and your partner received Child Benefit for during the period from 7 January2013 to 5 April 2013.
2013/14 - Enter the number of children you and you partner were entitled to receive Child Benefit for on 5 April 2014.