As a newly appointed senior at the time I remember having to apply inflation accounting. I did the calculations but never understood it or why it was of any use.
I suppose it kept somebody in a job !!!
Thank you for the information - good to have some clarity as I have found the information from HMRC to be quite unhelpful. As a sole practitioner, I have been worried about the possibility of having to be up to date by the end of the first quarter for businesses with a non April year end. It's all rather stressful for no perceivable benefit
It could all have been prevented by checking turnover figures against available information, either published accounts, HMRC records or bank statements held by the banks themselves. Unbelievable Jeff !
My answers
Oh dear, I risk losing focus and falling behind - i'd better increase the costs to my clients for no logical reason then.
Sage CEO sees MTD as more accurate information being submitted to HMRC - hello, real world calling Steve !!!
As a newly appointed senior at the time I remember having to apply inflation accounting. I did the calculations but never understood it or why it was of any use.
I suppose it kept somebody in a job !!!
Damn - you beat me to it !!!!
Thank you for the information - good to have some clarity as I have found the information from HMRC to be quite unhelpful. As a sole practitioner, I have been worried about the possibility of having to be up to date by the end of the first quarter for businesses with a non April year end. It's all rather stressful for no perceivable benefit
It could all have been prevented by checking turnover figures against available information, either published accounts, HMRC records or bank statements held by the banks themselves. Unbelievable Jeff !
Surprising headline - would have thought their turnover would have dropped below the threshold by now !!!