Member Since: 31st Jul 1998
15th Oct 2018
3rd Oct 2018
We should be taking the opportunities to improve in any event. MTD, so far, is just HMRC getting us to submit the same information by a more convoluted route; there is no benefit to the client in itself.
If there is a business case to change then change is a good thing but changing for the sake of compliance is not. Plus jumping into new software to comply with the initial MTD for VAT stage would be foolhardy as it may not be the right solution when the transactional phase is implemented. Until we know what is needed for that, it is difficult to make any calls; the prospect of telling a client in a couple of years that yet another change to software systems is needed does not sit well with me.
So, unless there is a case for change for BUSINESS reasons, I will be telling my clients to sit tight and use the simplest solution possible - probably bridging software from the existing accounts package or via Excel.
2nd Oct 2018
I just can't see the problem. Bridging software is beginning to come along at a reasonable cost even free. If the accounting package can't talk direct to HMRC or to the bridging software then it is simple enough to download the relevant data into, say, Excel and thence into HMRC via the bridging software. The latest versions of Excel have powerful data manipulation features so, even if the output from the accounting package is not great, it should be easy enough to generate an automatic conversion.
A requirement to submit transactional data may be more of an issue but there is no point leaping into new software when so little is known about what will be required unless there is a business case for change anyway.
7th Aug 2018
Where are the made up false "facts"? I quite clearly expressed a view that it feels like illness; I even said it might be a smokescreen. Everything else is from the disciplinary report.
Incidentally how do you get to "it seems he was well enough to work?" I can't see anything to support or refute that.
I stand by my view. It may be wrong. But it smacks of an illness where one can no longer handle one's own affairs. Either way, given all the facts that we do know, I believe the ICAEW should have done more to clarify his circumstances first.
7th Aug 2018
Because the Institute should have made some effort to find out about his condition.
He had always submitted his CPD records to 2013. He then stopped and it appears had no further communication with the ICAEW. His niece apparently tried to find out what was happening but the ICAEW refused to deal with her without his permission.
It may all be a smokescreen but it feels to me much more like serious illness and an inability to respond.
18th Jul 2018
In fact, it's not too difficult importing from Excel into, say, Sage. You may need an add-in such as one of the (excellent) Adept ones depending on where the import is to go in at.
18th Jul 2018
Interesting comment in the examples:
"As an alternative to bridging software, the spreadsheet could have API functionality built into it."
17th Jul 2018
Well I agree with HMRC. Cut and paste is undesirable - far too dangerous. They don't seem to outlaw the much safer Copy and paste. :-)
13th Jun 2018
It's a great opportunity. I was talking to a couple of friends last night and interestingly they were vaguely aware of mtd although with no understanding of what, how and when. Anyway the comment was made "I suppose I am going to have to pay my accountant more". "Oh yes" I said in my best Churchill dog voice.
12th Jun 2018
What does this mean?
"The digital records for the quarter need to be completed by the earlier of:
The due date of the VAT return
The date on which the VAT return is actually submitted"
That seems so blindingly obvious, it must have some further intent. What if you receive a late invoice for instance after the VAT return has been submitted? Will that be deemed to be non compliant?
I can only think the April 2019 timing is so that HMRC can blame the costs, problems and loss of productivity on Brexit. Quite clever.
And what form of insanity has income tax and VAT returns out of alignment?
In summary, this is being rushed through on an impossible timetable.