Member Since: 30th Jun 2000
Consulting tax editor for Accountingweb.co.uk. I also write Bloomsbury Professional's MTD Tracker, and newsletters for a number of other publishers including the Tax Advice Network and PTP Training.
Tax Writer Taxwriter Ltd
15th Sep 2021
Until we see the final MTD ITSA regulations we have no idea.
15th Aug 2021
Its over 5 years since the EU referendum.
FIVE years to educate yourself about the impact of Brexit on your business and personal life.
Leaving this research until after the referendum was already too late, but I have some sympathy for that because the Govt did no prior research and the civil service were prevented from planning for Leave to win.
However, if you have the nous to run a business that imports/ exports, or in this case transfers goods between EU countries, you should have the abilty to reaserch and understand how being outside of the EU affects your ability to trade. Or at least listen to the advice offered by your accountant!
6th Aug 2021
Not Ms Benneyworth - but me.
See my latest article: https://www.accountingweb.co.uk/tax/hmrc-policy/mtd-income-tax-big-bang-....
I also received this from the HMRC press office this morning: " our officials just wanted us to make clear that the mandation date for MTD is 2023".
30th Jul 2021
No. The two periods of TURNOVER not profits will not necessarily cover the same months in different years.
15th Jun 2021
Its not written in 'HMRC speak' - take a look : https://ifs.org.uk/taxlab/
The wording is definately plain English.
26th May 2021
Old portal hasn't closed yet , but there has been a systems Snafu:
20th May 2021
5th Mar 2021
19th Feb 2021
You can obviously write, and there is money to be make in technical tax and accountancy writing. DM me for advice and I may be able to make some introductions for you.
16th Feb 2021
The VAT rules are not connected to whether the property qualifies for the income tax/ corporation tax FHL rules.
If the letting is as holiday accommodation it is standard rated for VAT, and the business must charge VAT if it is VAT registered. This is the case whether or not the FHL tests have been met.
If the letting is for normal residential (ie not holiday accomoodation) it is exempt from VAT.