Member Since: 24th Apr 2000
Rebecca trained in London with Kidsons and, on qualifying, spent some time as Chief Accountant of a manufacturing company. She now has her own small practice in Gloucestershire that comprises of owner managed businesses and small companies.
She also lectures extensively for a range of professional bodies, accountancy firms, commercial organisations and the Inland Revenue. Demand has grown for Rebecca on the lecture circuit where she is well known for her refreshing, enthusiastic and entertaining presentation style as well as having a practical and down-to-earth approach to tax.
Partner Rebecca Benneyworth Training Consultants
23rd Jun 2021
As far as I know two factor authentication is still some way off for Agents. I have set up my staff with separate log ins, and did have to allocate existing clients but it wasn't too many and most were me only. I prefer the security of each member of staff having a separate log in. As new clients come in we allocate as we authorise so it is fine as it is part of the set up process.
I use the HMRC app for 2FA for my own accounts - I have several companies and a partnership, plus a couple of clients who have me on as a delegate. The 2FA takes a 6 digit code from the HMRC app which works perfectly - we don't have a mobile signal at the office.
1st Sep 2018
Haven’t read all the comments but the answer is quite a short one. You will get nowhere in terms of relieving the tax charge as it is *available* that creates a tax charge, not *use*. So even if there was zero actual use, the law taxes a car made available to the individual. Only answer - get rid! Sad but true.
8th Mar 2017
The responses to the consultation published on 31 January 2017 covered this point. Respondents (us) raised a number of technical problems with the proposals - not least that they were not intended to cover partnerships (!!). Government has thanked us for the comments and will think further on this and release another consultation in due course. So this will not be happening in the near future.
8th Mar 2017
One thing that is confusing people is the structure of the rules which bring different TAXES into MTD at different stages. So you need to think about clients in terms of what taxes they are liable for.
For VAT, it has already been established that the VAT calculations - particularly for those on special schemes or the partially exempt - might need to be done manually or on spreadsheets outside the normal accounting systems, so in 2019 companies will only have to MTD the nine boxes on the VAT return - look on it as a modified way of doing the return. Software providers for income tax businesses will be making sure that the accounts package you use will be able to do this by April 2019, but companies won't be required to keep digital records and update CT transactions quarterly before April 2020. So it is the taxes migrating steadily over, with clients in one or more taxes coming in FOR THAT TAX as and when the dates come round.
8th Mar 2017
Aren't these the rules:
no MTD if turnover under £10k
MTD April 2018 for landlords and self employed with turnover over £83k
MTD April 2019 for landlords and self employed with turnover under £83k
MTD April 2020 for companies
Quite a bit of confusion on here. Peter has the main rules right. MTD for income tax starts in April 2018 - the first accounting period starting on or after 6 April 2018. Landlords with gross rents >£85,000 (but possibly more by then) will be in on day 1.
The 2019 start date is both for businesses and landlords between £10,000 and the previous VAT limit BUT ALSO it is the planned commencement date for MTD for VAT, meaning VAT figures will be reported through MTD updates rather than logging on and filling in the VAT return on screen.
This IS a big deal for both businesses and Govt. It is the most expensive tax measure in the Budget, costing £280 million in total - the cost of deferring the additional tax that HMRC is expecting to collect as a result of the changes.
By all means change clients to 31 March year ends to gain a further year - coming in for income tax from 1 April 2020, but putting all clients on the same date risks a really lumpy work pattern with all quarterly updates falling in the same months.
And think about those with non-coterminous accounting periods / VAT period ends - yes it will double the number of filing dates once VAT is in MTD.
There is a slim chance that VAT might be pushed further down the road as the transition to income tax MTD has now been stretched out - only time will tell on that, but HMRC is well on track to start the pilot in 2017. Those in the pilot will file all 4 quarters AND a year end update before we start mass migrating, so all of the wrinkles should be ironed out before those for whom this will be a really big change have to come in. That was the real worry, so it does prove that HMRC did listen - and ultimately ministers have come up with a much better answer.
Corporation tax is down to commence in April 2020, as are very large partnerships, but if we get the "simple" scenarios built and working, we can then start moving out from there.
21st Aug 2015
I agree with you, Ruddles. I have been pondering about this and the logical approach is that "a person" (S94D line 1) is the firm, as it refers to the profits of a trade of a person. So that would then give a single allowance for the whole firm.
20th Aug 2015
Partnership with employees
I don't agree with the analysis of payments to employees. The starting point in S94D is that the fixed rate deduction replaces a claim for expenditure incurred in relation to a (relevant) vehicle. Payments of Mileage allowance are not payments of vehicle expenses so S94D cannot apply.
20th Aug 2015
Coming in late
This issue was one of the big warnings about claiming fixed rate deductions when the new rules were developed. HMRC's intention to restrict to 10,000 miles per person irrespective of the number of vehicles used was made clear at the outset, and in my view the parliamentary draughtsman(person) did the job with subsections 3 and 4 to S94F. By referring to the total number of business miles and not the vehicle in describing the "Appropriate mileage amount" (the title of section 94F) - the amount you may claim - I consider that the answer is more obvious than the length of this debate indicates. I guess I was pretty close to the action through various channels when this was being thought about so I had not appreciated that it might be misunderstood. The option if you have multiple vehicles is to either claim a single fixed rate deduction and actual business proportion for others, or to stay with actual expenses for all vehicles.
For partnerships it is at the moment possible for each partner to choose which way to claim, but that may change in FA2016.
16th Jan 2014
As a non resident he is only taxable on his UK source income, which for an employee would be in respect of duties performed in the UK. He will have a UK personal allowance to set against the rental income.
16th Jan 2014
Don't think it will work
Interest is not subject to a "reasonable excuse" test, and there is no statutory mechanism to cancel an interest charge, so your client is stuck with it I'm afraid. However, you do have reasonable excuse for any late payment penalty (or surcharges) but they have probably withheld this anyway. The argument on interest is that you client has had "use of the money", which with interest rates as they are doesn't help much but that's the position!