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
16th Sep 2021
Another example of a new online process not being properly tested before it is rolled out.
11th Sep 2021
Thanks for spotting my typo! I've corrected that.
9th Sep 2021
Some good points well made there Philip, but I take issue with: "dual increase of 1.25% in the amount of NIC paid. "
Its an increase of 1.25 percentage points: from 12% to 13.25% for employees, and 13.8% to 15.05% for employers. This is an increase in the amount paid of 10.4% for employees and 9% for employers.
The self employed suffer an increase in class 4 NIC from 9% to 10.25%, so a whopping 13.88% increase in the amount paid of class 4 NIC. These figures are only for the basic rate band of-course.
The rate applicable to unlimited higher band of class 1 and class 4 NIC jumps from 2% to 3.25%, that is an increase in the amount paid of 62.5%!!!!!!!!!!!!!!!!!!!!!!!!
20th Aug 2021
The institutes are certainly NOT "bending over" . Look out for article coming soon reporting the joint representations made by five bodies to HM Treasury on this issue.
17th Aug 2021
Its an absolute scandal that there is no independant checking of the word document which contains the tax and NI specification.
We need an independant Tax Software Standards body to check that the spec is in line with tax law, and that all the spreadsheets that software designers rely on also comply with tax law.
There have been numerous examples of where the tax software does not produce the legally correct answer, eg top slicing releif, losses set-off, the long list of exclusions from onlien filing for SA returns.
When MTD ITSA is mandated individuals and businesses will not be able to see how the tax is calculated, and this process will be entirely based on possibly faulty specifications. People will be taxed by a computer programmer and not by the law.
11th Aug 2021
@DMBAcc I have put questions to HMRC , including about the change in basis periods creating the quarterly bunching for MTD. The answer I received was:
"We are asking for views on how to simplify things - nothing is set in stone yet. We've never fully stated how the reform will be implemented, just that we're seeking views to simplify things, which will then in turn determine MTD ITSA regulations."
So please add your voice to the consulation on basis periods as it seems (but doesn't state in the document) that this is also a consultation on how MTD ITSA should work . Responses should be sent to HMRC on or before 31 August 2021, by email to [email protected].
28th Jul 2021
I've now added in the link to the case report.
23rd Jul 2021
It is legislation: https://assets.publishing.service.gov.uk/government/uploads/system/uploa...
To be passed in FA 2022.
28th Jun 2021
You are correct the defintion for being within the off-payroll is not "small" as set out in ss381-384 Companies Act 2006. I'll change the text to make that clear.
16th Jun 2021
Do we know which Agent dedicated helplines are being restrored, as there are at least 3 different numbers:
For Tax Credits: 0345 300 3943
For tax debts: 0300 200 3887
For SA and PAYE: 0300 200 3311