But it was the Post Office that elected to prosecute, not Fujitsu, and the Post Office that told the subpostmasters that it wasn't affecting anyone else.
If MTD ITSA is brought in as now intended, it will be based on turnover for the year ending 5 April 2023 so your clients may still be affected. Hopefully this will not be the case.
But remind me, why is it that so many people seem to think aligning the Tax and NIC thresholds is such a great idea?
Do you think it is a good idea to have separate thresholds to pay 13.25% and 20% as an employee or 10.25% and 20% as a self employed person? Any simplification helps.
I had the same issue with HMRC a few years ago. They had been to see a client (without us knowing) who let out a floor of a building room to traders and didn't charge VAT. HMRC then arranged to meet at our office with the client and said they were going to backdate VAT registration a couple of years. I remember it was February 1st so I had only had an hour to prepare after the Tax Return deadline before the meeting. I mentioned a couple of cases that HMRC should refer to and they looked totally non-plussed. They went away to look at everything again and then dropped everything a few months later. I got a nice hamper of wine from the client to say thanks.
My answers
Is the residential CGT 24% from April 2024 or after this date?
Wow, hardly a 'mild mannered Frenchman'!
But it was the Post Office that elected to prosecute, not Fujitsu, and the Post Office that told the subpostmasters that it wasn't affecting anyone else.
Just when you think HMRC's standards have hit an all time low they find a way to make them even worse.
If MTD ITSA is brought in as now intended, it will be based on turnover for the year ending 5 April 2023 so your clients may still be affected. Hopefully this will not be the case.
I agree, I never made it past clearing up the men's mess. Another one of those occasions where sexism only goes one way.
Good article!
Do you think it is a good idea to have separate thresholds to pay 13.25% and 20% as an employee or 10.25% and 20% as a self employed person? Any simplification helps.
I had the same issue with HMRC a few years ago. They had been to see a client (without us knowing) who let out a floor of a building room to traders and didn't charge VAT. HMRC then arranged to meet at our office with the client and said they were going to backdate VAT registration a couple of years. I remember it was February 1st so I had only had an hour to prepare after the Tax Return deadline before the meeting. I mentioned a couple of cases that HMRC should refer to and they looked totally non-plussed. They went away to look at everything again and then dropped everything a few months later. I got a nice hamper of wine from the client to say thanks.
Great news, it's had an impact on our office!