The danger with anything that has been standard planning for years is that HMRC have a habit of introducing stealth changes to the tax legislation that can be easily missed by an overworked accountant.
I am indeed an accountant, and like every other sole practitioner trying to stay ahead of the endless changes to our tax legislation I value this forum as a reliable second opinion to ensure I don't trip up on something that may have slipped below my own radar.
Yes, I am also experiencing the same problem this afternoon.
After the first silent call that I received from HMRC I then received a further three silent calls in quick succession (all logged as incoming from 0300-200-3600)
I've spoken with HMRC online services but they were no help at all (what a sruprise !) The woman I spoke with said she'd had one other person call in with the same problem and the only advice she could offer was to report the fault via the 'get help with this page' link on the HMRC login page requiring the access code.
Since phoning the helpdesk I have tried to login again, but this time not even a silent call back.
Is suspect this is just a foretaste of the inevitable MTD train crash that is heading our way.....!!
Bought from official Sage distributer 'SJ Software' March 2018 cost £325 + vat. Bought as a perpetual licence without Sage support. Cost the same the previous year (2017/18)
'I have started to ask for two years because I have had issues with recent new clients which has meant that I have needed to look back a bit further than the previous year. In most cases I don’t really need it'.
Seems a bit impertinent, but I guess that's where we are as a profession these days !
Believe me, I am not celebrating. There are no winners in this whole MTD saga and I doubt if even the software companies will have anything to celebrate given the amount of competition in the race to produce MTD compliant products.
Like many others I am angry at the amount of time that has been wasted on MTD, and as someone who champions spreadsheets for small businesses, I am especially angry at the lack of information on bridging software and criticism of spreadsheets that has permeated much of the discussion on MTD to date.
Now that bridging software has come out of the shadows to confirm how cheap, simple, easy and unobtrusive it will be to use, I am just grateful that I held my nerve and didn't listen to all the hype about the superiority of cloud accounting.
So no celebration, just anger at the amount of time lost on the lengthy journey that need only have been a short hop to bridging software if those of us opting to keep our spreadsheets hadn't been kept in the dark for so long
As I understand it, rent-a-room relief does not follow the legal ownership of the property.
As the son is letting out furnished accommodation in his home and the rent from this letting is being paid into a bank account in his name (albeit a joint account), is this not sufficient to allow him to claim r-a-r relief ?
My answers
The danger with anything that has been standard planning for years is that HMRC have a habit of introducing stealth changes to the tax legislation that can be easily missed by an overworked accountant.
Thank you Matrix.
I am indeed an accountant, and like every other sole practitioner trying to stay ahead of the endless changes to our tax legislation I value this forum as a reliable second opinion to ensure I don't trip up on something that may have slipped below my own radar.
Yes, I am also experiencing the same problem this afternoon.
After the first silent call that I received from HMRC I then received a further three silent calls in quick succession (all logged as incoming from 0300-200-3600)
I've spoken with HMRC online services but they were no help at all (what a sruprise !) The woman I spoke with said she'd had one other person call in with the same problem and the only advice she could offer was to report the fault via the 'get help with this page' link on the HMRC login page requiring the access code.
Since phoning the helpdesk I have tried to login again, but this time not even a silent call back.
Is suspect this is just a foretaste of the inevitable MTD train crash that is heading our way.....!!
Bought from official Sage distributer 'SJ Software' March 2018 cost £325 + vat. Bought as a perpetual licence without Sage support. Cost the same the previous year (2017/18)
I have asked, and this was the reply :
'I have started to ask for two years because I have had issues with recent new clients which has meant that I have needed to look back a bit further than the previous year. In most cases I don’t really need it'.
Seems a bit impertinent, but I guess that's where we are as a profession these days !
.....why would incoming accountant think it necessary to ask for more than one year's records ?
Believe me, I am not celebrating. There are no winners in this whole MTD saga and I doubt if even the software companies will have anything to celebrate given the amount of competition in the race to produce MTD compliant products.
Like many others I am angry at the amount of time that has been wasted on MTD, and as someone who champions spreadsheets for small businesses, I am especially angry at the lack of information on bridging software and criticism of spreadsheets that has permeated much of the discussion on MTD to date.
Now that bridging software has come out of the shadows to confirm how cheap, simple, easy and unobtrusive it will be to use, I am just grateful that I held my nerve and didn't listen to all the hype about the superiority of cloud accounting.
So no celebration, just anger at the amount of time lost on the lengthy journey that need only have been a short hop to bridging software if those of us opting to keep our spreadsheets hadn't been kept in the dark for so long
As I understand it, rent-a-room relief does not follow the legal ownership of the property.
As the son is letting out furnished accommodation in his home and the rent from this letting is being paid into a bank account in his name (albeit a joint account), is this not sufficient to allow him to claim r-a-r relief ?
Many thanks for the responses
If you are accounting for VAT on the cash basis the tax point is the date on which the payment is received, and not the invoice date.