Once again more confusion then clear decision.
He cannot do audits etc.
He can do all non-audit and tax work
increased to 230% of current value.
HMRC have not got a clue about how it is going to work. But, their bosses and politicians are too proud to admit it and give up. Instead they will blame businesses and clobber them with penalties in future.
I think HMRC computer will be able work out the taxable Turnover. 4 qts box 1 figures (output VAT) x 5.
It would be much better if MTD was scrapped for ever.
I think prepopulation sounds like a good idea. In practice I think it will solve one problem but create six new ones.
What is API? Apology for my ignorance.
I took half a day off to find out about new changes coming to NIC. Like others, I was very disappointed with the seminar. However, to be fair to HMRC, there has been some useful and informative webinars in the past.
Why don't they call them very very very simple assessments .