Recruitment! This is always a big issue for us being a rural practice as we rarely get anyone with the required experience applying for jobs. Therefore there is always a lot of on the job training required. I can't see recruiting and training being easy whilst remaining socially distanced.
mbee1, there are many reasons why an accountant may not be able to work from home:
Not all our clients are computer literate, many still communicate with us using pen and paper.
I can't afford to buy additional computers/printers/phones for all my staff to work from home.
Some staff don't have sufficient space at home for such equipment and files.
Broadband speeds are not sufficient or reliable enough to enable most of us to work effectively from home (we are a rural practice and the broadband service in the office is barely sufficient!).
Checking work and training would be difficult and more timely.
Security will be an issue especially if the staff member doesn't have a lockable office to work from.
Despite this, once all our SA returns are done I intend to furlough some staff and look at moving our processes into the cloud so that some staff may be able to do some of their work from home. I'm not keen because of the reasons given above but I'm beginning to feel I don't have a choice.
For a one-off payment I would normally claim the relief in box 22 of the Tax Return "Residence, remittance basis, etc." supplementary page. You also need to attach a completed "Helpsheet 304".
I submitted my first MTD Vat return on 1 April for quarter Jan-Mar. The VAT payment due in respect of this is due to be taken around 10 May. However, on 11 April I received an email from HMRC advising that my DD payment hasn't been collected and that I should pay it by bank transfer, debit card or corporate credit card.
I phoned HMRC to query this and when I eventually got through to them they had no idea why I'd been sent the email. They confirmed that my DD was still in place and that I didn't need to take any further action. Just not sure whether to believe them or not!!
The whole system has gone mad!! HMRC won't change the interest in the 2019/20 tax code without you supplying them with estimated income for every bank account held!!! I pointed out that this was madness as one of my client uses fixed term bonds and doesn't know at this stage what interest rates she will get next year.
I raised this through the agent forum but didn't get a helpful response!!
My answers
You will need to declare UK income for the whole year and non-UK income for the part of the year when UK resident.
The income on the UK pension P60 will need to be declared in full - no need to split it.
Recruitment! This is always a big issue for us being a rural practice as we rarely get anyone with the required experience applying for jobs. Therefore there is always a lot of on the job training required. I can't see recruiting and training being easy whilst remaining socially distanced.
mbee1, there are many reasons why an accountant may not be able to work from home:
Not all our clients are computer literate, many still communicate with us using pen and paper.
I can't afford to buy additional computers/printers/phones for all my staff to work from home.
Some staff don't have sufficient space at home for such equipment and files.
Broadband speeds are not sufficient or reliable enough to enable most of us to work effectively from home (we are a rural practice and the broadband service in the office is barely sufficient!).
Checking work and training would be difficult and more timely.
Security will be an issue especially if the staff member doesn't have a lockable office to work from.
Despite this, once all our SA returns are done I intend to furlough some staff and look at moving our processes into the cloud so that some staff may be able to do some of their work from home. I'm not keen because of the reasons given above but I'm beginning to feel I don't have a choice.
You need to tell NICO by using the following form: https://www.tax.service.gov.uk/shortforms/form/CeaseTrading
The taxable amount is the TOTAL payments receievd less the qualifying amount. See HS236 Qualifying Care Relief.
For a one-off payment I would normally claim the relief in box 22 of the Tax Return "Residence, remittance basis, etc." supplementary page. You also need to attach a completed "Helpsheet 304".
Our TaxCalc fee increase this year was 4.3%. Don't understand why you would have such a large hike!
I submitted my first MTD Vat return on 1 April for quarter Jan-Mar. The VAT payment due in respect of this is due to be taken around 10 May. However, on 11 April I received an email from HMRC advising that my DD payment hasn't been collected and that I should pay it by bank transfer, debit card or corporate credit card.
I phoned HMRC to query this and when I eventually got through to them they had no idea why I'd been sent the email. They confirmed that my DD was still in place and that I didn't need to take any further action. Just not sure whether to believe them or not!!
I have just checked for an update and it says I'm using the most up to date version but the 2018/19 Returns still aren't available!!
The whole system has gone mad!! HMRC won't change the interest in the 2019/20 tax code without you supplying them with estimated income for every bank account held!!! I pointed out that this was madness as one of my client uses fixed term bonds and doesn't know at this stage what interest rates she will get next year.
I raised this through the agent forum but didn't get a helpful response!!