Member Since: 7th Jan 2002
30th Apr 2019
I advised the client that the van was a car and he told the salesman who sent him this email
"I feel your Accountant is being ultra-safe, if you purchase a van, it is classed as an N1 commercial vehicle on the logbook and the Road Fund Licence is £260.00 p.a. If you make alterations to the van but it still has goods capacity i.e. load room it is still classed as a van. If you were to fill the rear with seats and replace all the panels with glass (like a Shuttle) that’s when HMRC pay more attention.
I have attached some brochure info, you will see the standard T6 T30 Kombi has a payload of 949kg but the Yellow Edition T30 has a payload of 1052kg (no spare wheel)
You have to be guided by your Accountant as he has to fight your corner with HMRC. The previous owner had told me his Accountant had given him the green light so it is really down to you for a decision."
I'm just about to tell the salesman that if I promise not to sell cars will he promise not to give tax advice.
29th Apr 2019
Well that arrived in the nick of time! Thank you Helen.
Less than half an hour ago a client sent me this
" I went down to the VW van centre at the weekend and im look at getting a Transporter van. Everyone I talk to say they are fantastic for putting against the business for Vat back and set against the company etc. The van I’m looking at does have seats in the back so I can use it personal BUT I will be using it for deliveries and repping but if its better to say it’s a poole car so I don’t pay any personal tax that would be better for me. It's a VW Transporter Kombi Highline Payload 945 kgs"
P.S. Ignore the pool car reference.
7th Dec 2018
If only you were a TV news presenter.
25th May 2017
Just phoned Employer Helpline to ask them to repay PAYE overpaid by client over last four years. Was told that HMRC can't repay it unless I told them the amount which had been overpaid. I said I wasn't prepared to read figures to him which were on his computer screen. The world has gone bl***y mad.
28th Apr 2017
"Practices looking to seize further efficiencies should consider an email management system, which automatically files emails to the client record."
Any suggestions for a two person practice please?
24th Apr 2017
“What’s interesting is that in the US only about 8% of the population have adopted accounting software for small businesses; in the UK, that figure is 24%."
29th Mar 2017
So a smartphone camera and the ability to record simple transactions will give us the data to prepare accounts for HMRC?
The monkeys have the keys to the zoo.
22nd Nov 2016
I never thought I would have to use language like this to describe what has happened to the accountancy profession ...............
"We've been shafted".
Somebody is going to have to pay for this software. The government (HMRC) won't; most clients won't; so that leaves the accountants.
And I haven't thought about the time cost yet!
17th Nov 2016
There's always one isn't there? And guess which one HMRC will be using to support their statements that MTD is an opportunity rather than extra work for the vast majority of businesses for no benefit?
27th Sep 2016
"The agent will then be able to spend their time giving the business advice about growth or being more profitable."
Provided the client wants it and, if they do, are willing to pay for it.