Member Since: 3rd Nov 2006
Worked for Inland Revenue for 11 years in the 70s and 80s before I saw the light!
Progressed from working for medium sized firms of accountants to starting my own practice in 1996 and havent looked back since, with hubby joining me in partnership 7 years later.
11th Sep 2019
Had the same problem some years ago with a charity refusing to pay VAT on advertising services provided by a small film company. Charities seem to think they are exempt from all VAT.
8th Aug 2019
Didn't get a receipt as such from my software. Just a note on screen saying the return had been accepted. We have no idea if the direct debit has been transferred over as there seems to be no way of checking and the client has not received an email, though I understand that she should which is why they asked for an email address.
I know the return has gone through but why can't they send a receipt now?!
17th Jul 2019
Am I wrong to think that if the lease term is under 50 years it is normally a P&L expense, with different rules if it is over that? I am thinking of the CGT rules for the lessor, who would treat the rent as income.
15th Jul 2019
I too was seriously reluctant to get involved and last year passed on most of our business clients to a former colleague who has his own practice (we are preparing for retirement in a couple of years) but was still left with a couple that I really didn't like to pass on.
We had been using VT for accounts production and it is inexpensive and easy to use. They finally announced in March or April that they were going to add MTD to their package and having set up the ASA some time ago it was actually very easy to register the clients for MTD and to link them through the software - much easier than I expected. There is no fuss with having to use linking software, we simply entered the data and filed the return when it was ready. The bonus is that VT is actually easy enough for a relatively inexperienced client to use (a hairdresser in fact), so she makes the primary entries, we transfer the data to our program to check them and amend as necessary (no cloud accounting involved) and transfer the data file back to her when we are finished.
17th Jun 2019
There used to be something called "equitable liability", where if HMRC were (validly) pursuing a totally unreasonable debt you could ask for it to be cancelled. It was never widely publicised but you can still find articles about it online (I just did!).
10th Jun 2019
This is precisely where the "adjustment to rate bands" deduction in tax codes comes in. I have a client with two pensions in this situation and the lower one is coded BR with the higher rate tax due (estimated) being collected by a restriction in the code for the primary source. A phone call to HMRC should sort this out.
15th May 2019
John Stone wrote:
Tom - I have posted before about this. My client is 86 years old. He doesn't have a computer, tablet or a mobile device and never will. Each quarter he completes an old-style paper VAT return and sends it to me. I then type it into the HMRC portal. I first wrote to HMRC about this on 18 May 2018 and followed this up several times as the promised HMRC guidelines on exemption were promised for 30 November, then 31 December but never showed up (Remember all that?).
Finally, I wrote again by Recorded Delivery on 11 February 2019 listing the dates of my previous letters (6) and telephone calls (4) saying that my patience was exhausted and that my client would continue to submit returns in the same way as there was very ample evidence that I had brought his circumstances fully to their attention.
I received written confirmation of exemption on 8 March 2019. Basically - I guess that they were just sick of me.
I find this very frustrating. I also claimed exemption on behalf of a client in his 70s, who has commercial lettings and is not computer literate but keeps his records in a handwritten ledger. It was refused on the grounds that we have been dealing with it up to now and can therefore continue to do so.
29th Apr 2019
We use VT to prepare accounts and convert to iXBRL format. Easy and inexpensive.
25th Feb 2019
kenny achampong wrote:
I havnt had any letters, have you ? A few clients out of 100 or so have said they've had one, but nothing for me.
Watched an ATT webinar on Thursday in which they said that letters would be sent out to all MANDATED taxpayers by the end of February and to those close to the threshold subsequently.
4th Feb 2019
Now seen it below.