If MTD is poorly implemented, that means a potential loss of VAT revenue to HMRC, the consequences of which would be felt very quickly! All that in the same year as Brexit. Genius!
"not wise to alert employees to the fact they can opt-down ahead of the April 2019 increase". Hmm, I wonder how some employees will feel that their employer has failed to inform them of information which has a material impact on their take home pay? Could they seek legal redress or compensation?
If online platforms, specifically Ebay and Amazon, are the platforms enabling these operations to trade illegally, perhaps the time has come to recover the losses from the sales platform rather than near impossible to trace overseas traders.
A key factor in smart automation is who owns the technology. Technology vendors are moving increasingly towards subscription, percentage fee or pay per use market models. This will replace or severely disrupt the market previously served by accountants' own in-house staff, and not just for the routine or mundane tasks.
The AI element also poses an interesting challenge to accounting software giants such as Sage who tend to replicate olde worldy bookeeping, accounts department and accounts practive ways of working.
Um, for "savings" read cuts. The NHS is a large and complex organisation, so without a long and detailed study, my tuppence worth is up there with a "bloke down the pub reckons". However, if a service, any service, is running right up to the edge in terms of capacity and just in time delivery to meet budget constraints, they can often incur large unexpected costs because of this. One example of this is the extensive use of agency nurses (often NHS trained) instead of just employing or retaining extra nurses. This short termism can create long term structural and financial instability.
Makes sense. The political focus on the income tax rate ignored the stealth tax that NI has become. Roll them into one, same starting rate, no upper earnings cut-off. Very potitically palitable for employees.
Replacing or renaming Employers NI will be a bit more tricky.
I do get the impression that the allocation of receipts for PAYE & NI is broken, and that periodically the mess gets dumped on the "debt" recovery teams.
Trump not part of the establishment? What next, HRH Prince Charles "not really royal" because he sells biscuits?
Social media activity is up from 23% to 36%? Interesting. If more people are using Facebook and Twitter at work does this always count as work?
We PDF and email all invoices. When trivial change is requested - we use Nitro Pro, a cheap PDF packages (ie. not Adobe!) to add or edit PDF content to suit customer whim.
On tricky UOM - yes, a minefield where different customers want different things, or when there is no "correct" answer. What I've tended to do is have multiple products to reflect customer requirements. For example product A is priced in weight, and identical product B priced in volume, sometimes with additional suffex to identify customer specific variations. Not perfect but workably with smallish product ranges.