Member Since: 23rd Jul 2005
6th May 2020
Even my most un-techy clients are emailing to say it's really straight forward.
I think we should see how it goes first, seems to me that HMRC have been doing a great job so far, and I had massive doubts after their MTD disaster.
1st Feb 2020
So HMRC's Jim Harra was boasting about how successful it was and came up wth a ficticious figure of £8 billion of tax that would be saved by reducing errors. We all knew this was not true.
And surprise, surprise..."More than 70 per cent of respondents2 consider that MTD for VAT has had little impact on errors made by their clients, with the majority of remaining responses reporting an increase in errors rather than a reduction." The only surprise is that they found anybody at all that agrees with Mr Harra.
At the risk of repeating myself, they seem to have forgotten that we are acting as unpaid tax collectors for them, and many of us have been doing it for decades, and he should have listened to us primarily.
Maybe he should think about his position.
9th Jul 2019
I found they did start answering the calls a bit more frequently more recently. I presume they got more people in, but they hadnt taught them anything about MTD, and so it made the problem far, far worse.
And the 'source' is an idiot. No wonder they wouldnt let their name be used.
9th Jul 2019
I was specifcally told (when trying to get them to pay a VAT rebate) by the VAT office that you cannot write to them anymore under MTD as "that's the whole idea of MTD"
(I'm not sure I believe it though, the bloke also told me all 64-8's are now cancelled and we need to re-authorise everybody through the ASA)
3rd Sep 2017
I have just done one for this scenario (two separate employments with the same employer). And it totally ignored the first period and only brought in the figures for the second period.
And another one I did last week was for a payroll we run ourselves. We ran the payroll to the end of the year, and then realised that the person had left so re-sent the correct March 2017 FPS with zero pay/tax. The employer paid the correct deductions to HMRC and all seemed fine until I did the tax return, and it was pre-populated with the original larger amount. I spoke to them on the phone, and they were insistent that they had the larger original figure. When I pointed out that if that was true, they would have an outstanding amount of PAYE unpaid. She said it had all been paid up, so in one system, they had the correct figure, in the P60 bit, the wrong figures. She then told me that if you file 2 FPSs in one day, their computer simply chooses the biggest one. I was thinking at that point that she didnt really have a clue, and assume that has to be total rubbish, isnt it ?!
Example 3 is a director who we had to change when they had left, so we re-ran one month with zero-pay, but the tax return picked up the original erroneous bigger amount.
And I have had loads saying no pay found, when there obviously shoud be.
So basically their 'P60' details being uploaded onto the tax returns are highly unreliable and contrary to what they are telling people is going to lead to loads more mistakes.
24th May 2017
Well just in the last week alone:
A tax code of D0 for somebody earning £30K pa. When I called, they said their computer had erroneously put in an earnings figure of £208,000 ! When I asked why, they just said "it's a glitch".
A tax code of 127T for somebody with just one normal job earning £9,000 pa. Checking the coding online, I could see they had given £9,730 of her personal allowance to another employer. Called "Income now ended" !!
And don't get me started on the missing CIS deduction of £24K that we can't get back because it's not showing up on their PAYE record.
MTD is a farce, and it will not work. Full Stop.
8th Mar 2017
I was under the impression that sole traders with 31 March year end can already delay until April 2019 (ie every sole trader in reality) so will this mean April 2020 for them ?
And landlords now delay to April 2019 ?
1st Mar 2017
Totally agree with Arbitary. We would be crazy to tell people before we are absolutely certain that the they are keeping the £10K threshold.
19th Jan 2017
That figure of 411,000 is a figure that I have always wondered about. Let's just take a wild guess that the average free money given to businesses is around £3,000 (that would be my guess based on my clients)
That would mean HMRC are throwing away £1.25 billion per year on the scheme.
But the scheme is totally irrational, and does not make things easier for most people. In fact it's totally the opposite, we are forever fiddling round with people's turnover going too high, and back down again, categories changing, calculating whether it's best to be in the scheme or not, and constant enquiries/investigations from HMRC. It was a total joke of an idea in the first place...but a nice little earner and so unfortunately we have been duty bound to do it for everybody.
So now it's out in the open and it would appear that finally somebody in charge has noticed that they are throwing away literally billions of £ (although luckily, to us) why don't they just abolish it ?
What on earth would make him, instead of doing that, decide to invent a libellous statement about us being agressive tax abusers (we would be negligent, and possibly get sued if we didnt use their stupid brainless scheme) and then he proceed to make it even more complicated.
FFS Hammond, just ABOLISH IT. After all, it is our taxes as well.
25th Nov 2016
My friend, a director, used a well known West End accountant for his company accounts. His easiest personal tax return ever was done not only using figures from the wrong year, but a random amount was put in the tax paid box giving rise to a rebate of many thousands of £s which the chartered accountants got paid into their account. Not a word to him....and he didnt owe any bills...and it was just kept by them. It was literally 2 boxes to fill in...and worse than that, he got an invoice from them for £1,200 !! So let's stop banging on about qualifications...they are worthless.