Member Since: 2nd Sep 2014
5th Jun 2019
I've just been told by an operator on the MTD Helpline that if you have linked your ASA to your existing HMRC online account then no further action is required to sign clients up to MTD for VAT.
I was under the impression that there was another step in the process whereby individual clients must then be signed up for MTD but the operator on the helpline assured me that this is only required for new clients.
Any clarification would be greatly appreciated.
10th Mar 2017
FYI digitally excluded people are those who can't use computers for religious reasons, severely disabled people and those so remote they can have no access to the internet.
Dyslexic welders and technophobe pensioners I think are still expected to learn. It's all part of HMRC's new initiative to make everyone an employee of someone and have nobody running their own business.
Is there a religious reason why one can not operate a computer?
I happen to know of a dyslexic welder who has recently had an epiphany.
1st Mar 2017
Yes, my initial posting was to understand the implications and to decide if it is worth proceeding. Based on the above it appears that if this is the only income for the company and ifthe client has the option to work directly through the agency then it looks like I will be losing the client or at best be charging accordingly to claim for any expenses through his SA return.
28th Feb 2017
Yes, that seems to make more sense, thanks.
Am I correct in thinking that the directors milage allownce could be claimed as an expense against employment income on his SA Return as opposed to through the company?
28th Feb 2017
Thank you very much for your assistance. Your replies are very helpful.
The CT calculation in the example seems to suggest that tax is payable on the total of the PAYE deductions if ther are no other expenses taken into account. Are you able to let me know how you think that the calculation should be done please Ruddles. Should the PAYE also be deducted?
The client would be using his own vehicle to travel to various locations and the milage allowance would be a significant amount. Given that that the CT liability is likely to be low or possibly nil, can I simply include the motoring expenses as a deduction against employment income on the directors SA Return?
7th Jul 2016
Thank you SteveOH. I will certainly take a look.
Any advice on how you may have restructured your fees when altering your business model?
7th Jul 2016
Ok, I'll rephrase my original post.
Having spent some time researching cloud accounting software I decided to try out FreeAgent.
I am happy with my decision and since my free trial I have moved my own books and records over to FreeAgent.
I have spent time learning how to use the software and know that it is suitable for my client base. I will be happy to recommend it to clients who may be considering moving to cloud accounting. (Other cloud accounting software is available).
6th Apr 2016
I was planning to use taxfiler when submitting my next CT600 as HMRC have discontinued the free download. I might just go ahead a little earlier.
6th Apr 2016
Haven't done one myself but I presume profits from self employment are high enough to require Class 2 NIC?
Hi, yes profit is above the exemption threshold and I am not using third party software (yet).
I have just tried another return and although profits are high enough the system says that they are not. I have also noticed that there is a note in red at the top of the tax calc saying that Class 2 N.I.s are not available. It seems like there are issues.
10th Mar 2015
Show some gratitude.
I have been building up my own practice for a couple of years now but still do work on a subcontract basis for the firm that trained me. I appreciate all that they have done for me and would not even dream of poaching clients.
Maybe you don't feel that you owe your ex employer quite as much but they put their faith in you at one point and paid your wages so maybe you might just need to take a step back and realise that you are going about this the wrong way.