Member Since: 13th Aug 2009
20th Sep 2021
... and if you start to loose child benefit once you earn over £50,000 in Scotland, your take home pay is 25.25p in the £!
Not something that I enjoyed telling a client!
30th Jan 2018
An accountant is for your whole year, not just for January!
1st Feb 2017
Last year when Scottish tax codes were introduced, I phoned HMRC asking them to change my tax code to a Scottish code as mine hadn't been changed. I was told that that they had me down as living in Great Britain as opposed to Scotland so they hadn't given me a Scottish code. I explained the obvious.... oh but we have you down as living in Great Britain was the answer.
What hope have HMRC of getting MTD correct?
1st Feb 2017
Now that we have a bit of spare time I'm going to make my submission to the House of Lords economic committee as they are looking for submissions by the 3rd February. http://www.parliament.uk/finance-bill-2017-sub-committee-submission-form. I feel bad about not having made a submission last year and feel that I must do so now as if we haven't voiced our concerns with this we cannot complain in the future, not just how it affects us as accountants, but more importantly represent our clients, most of whom know nothing about it and who it will hit hard, especially the smaller self employed.
I cannot see how many of the smaller businesses, especially the less computer literate will manage. It will put people off from being self employed.
I don't know what to tell my clients now, as those under the VAT threshold may/may not be affected depending upon the threshold the Revenue chose, and we are not able to recommend any software yet to those that will be affected. The timescale is far too tight. I appreciate that there will be a digital future and we must start to embrace it, but with technology changing so fast, how do we know that what is put in place will not be out of date in a few years time?
If the Revenue are aiming for the self employed to submit the details themselves and bypass the agents, will they next be expecting everyone to do their own MOT tests for their cars and bypass garages and our own medical tests and bypass the NHS? It's not that different!