Member Since: 11th Sep 2001
19th May 2020
It won't be a charity if the assets on a winding up can go to the members.
Mutual trading is the tax regime that is likely to apply.
There is a good explanation of the mutual trading and members clubs on HMRC’s website at the Business Income Manual from paragraph 24000.
I don't know if mutual traders are able to claim the small business grant. However they may be able to claim the retail, hospitality and leisure grant.
17th Apr 2020
Well that didn't work.
And now it does
14th Jan 2020
Client was duly advised and this is her response
"Thank you for all your help, I've just tried logging in to that portal and its saying it doesn't recognise my login details! I'll have to call the tax office tomorrow and ask them for help. "
Don't you love HMRC technology.
Does anyone have any more suggestions?
6th Jan 2020
Thank you both. I will pass the information to the client.
26th Sep 2019
Most of my clients are elderly and are accustomed to a bit more help from me. I do not have any businesses in my client list, and I do not have a bank account for client monies.
I tell the clients the amount and provide a link to HMRC's payment page so they can find out the bank account details etc.
HMRC often doesn't send a BACS payment slip, and many of my clients pay by cheque. These clients send the cheque to me and I create an HMRC payslip and post the cheque.
For all clients I monitor whether HMRC has allocated the payment against their liability. As January progresses I chase the outstanding payments and remind clients to pay. This process picks up all sorts of problems, particularly in recent years when HMRC has made significant errors in the processing of returns.
I aim to get to the end of January with a complete checklist of all clients having paid in full. It is becoming harder to achieve this as the number of HMRC errors increases and my client list grows.
29th Aug 2019
I received a good tip from a friend who works in the construction industry. He said it is fine to offer a client a low fee for whatever reason, but always explain that it is at a discount to the normal fee.
Eg say, “Our normal fee for this amount of work is £3,000 pa but as you are starting up we can offer a discount of 30%.” Then as the business becomes established you can withdraw the discount. This way you have educated them on the normal fee, and the future negotiation becomes easier. I have found this works well.
9th Aug 2019
I advise several clubs, and for the larger ones we are working reasonably well with QBO. We have managed to automate partial exemption on QBO. This would be a good test for Club Treasurer.
Do let us know what it is like if you do decide to use Club Treasurer.
7th Aug 2019
I'll see the figures next week and then we'll work out what to do.
5th Jul 2019
There was a problem with trust tax returns. Returns filed online were printed out by HMRC and then input manually. Staff sometimes forgot to record the TR as having been filed online, so they were recorded as paper returns filed late. Hence penalties. This problem was reported a few months ago.
HMRC Agent forum has streams of complaints from agents on this type of problem. Sadly very few solutions provided by HMRC, but the forum does make you feel slightly better in that you are not alone.
14th Mar 2019
This is a known problem. See the following articles:
Here’s another article about the problem this year when there will be a week 53, and also because 6 April falls on a Saturday so some payments will fall on the previous Friday which is in a different tax year.