Deputy head of tax at one of the big 43 in 1978.
You really need to ask a Solicitor. Accountants don't have a lot to do with LBTT.
I had this from Santander.
Long list of vague questions. Form was headed "Information about a Plc". Three follow up phone calls from someone with little commercial awareness.
One letter threatened to freeze my firm's bank account and my client bank account if I didnt respond within 6 days.
They were obsessed with how I capitalised the business in 2005! Couldn't grasp that a service business doesn't need £100k to get off the ground.
You just have to play a straight bat.
God help me if my clients start getting the same treatment.
I remember going on a CPD course years ago. The lecturer said something along the lines of "Why would you do that? Why not give HMRC a little bit of money to look after?"
I thought it was sound advice and have always had my Directors pay a small amount of NIC which all arises in month 12.
Its definitely not value for money.
But having said that you should be able to make it back by doing one or two Independent Examinations which you might not be able to do without it.
Also mortgage applications aren't a problem.
And you don't have to have HMRC as your Anti Money Laundering body.
Any advertising should stress that you are fully qualified and Registered as a Member in Practice of... etc etc"
Mervyn King was just on the Today prog saying that WTO terms shouldn't damage the economy and that should not be a criteria anyhow.
He said Europe has gone to hell in a handcart and sounded quite convincing!
I've got it too.
I'm running Cloud Connect and assumed it would appear as soon as it was available.
Seems like you need to ask for it!
You are still within the Paye year. If you submit an amended FPS for each month then in my experience they will be accepted by HMRC.
I would be surprised if HMRC issued penalties as you are correcting earlier submissions.
There might be some interest on Paye due but it shouldn't amount to much.
Perhaps someone from Taxcalc will come on and give us an ETA...
Presumably if they went off half cocked and invested the £35K in some scheme not fit for purpose, the £1K or so child benefit they saved wouldn't be much of a mitigating factor.
But they would save a bunch of 40% tax also...
Assuming that you're not vat registered then use that to your advantage.
Target non-vat registered sole traders and companies. Offer to do the work for 80% of their present fee AND NO VAT.
Tell them you'll be 40% cheaper and hope that arithmetic isnt their strong point.
If you can give it three years, then it snowballs. You suddenly start getting three new jobs at once. GL.