I came to that conclusion last year. HMRC webinars don't really answer any questions you have, they simply reinforce their message. The polls are weighted. Waste of time.
A few years ago, in a move to fill the Feb/Mar SA void, we decided to make our ltd co clients have December year ends, on the basis that the client isn't bothered when their year end is. This approach has worked well. However, when MTD for ltd co's kicks in, it looks like those year ends will change to October or November.
We also staggered VAT quarter dates to spread out our workload, but it looks like these are going to be in line with the year ends so as to minimise submissions.
Just to confirm
In 2008, I have made about 10 dispensation applications, of which 4 related to 1 man director companies. All have been granted.
This contrasts with the old dispensation form, which I struggled to be successful for even multi director companies. Providing copies of expense sheets - all thankfully in the past. It sounds like the usual inconsistency of the various Revenue offices.
I have lots of small ltd co clients who would fall into this regime, and I automatically put in a dispensation. HMRC have made the process a lot easier over the last couple of years, and now only knock them back if the employer has insufficient PAYE history.
FTR, if Pam was a client, and no dispensation was in place, I would still not do it - it is a pointless exercise, and as Nichola mentioned, there is no tax at stake. For anyone who thinks this is reckless, ALL of the ltd co clients I have picked up from other accountants (most of whom are ICAEW) also fall foul (no dispensation, but no P11D either). The point I'm making is that it's not just me.
I've read so much stuff on the budget over the last couple of days, I forget where I saw it, but it was pointed out that the marginal tax rate for someone on tax credits was actually 72%:
- income tax 22%
- national insurance 11%
- tax credit clawback 39%
Is that right? If so, it highlights what a bad idea tax credits are as they disincentivise.
BTW, loved the Rory Bremner sketch on the budget that is advertised on this site, courtesy of the Telegraph, it is excellent and absolutely spot on.
Sounds like an ideal opportunity...
... to increase some more legislation to make an already complex area more complex.
Agree with previous posts
It is extremely irritating that Sage seem ever more intent on upgrading. I am an accountant club's member and the amount of emails/mailings I get from Sage is mind boggling. Unfortunately I have several large clients who are Line 50 users and any change would be out of the question, otherwise I would quite happily leave Sage.
Sage apporached one of my clients with a view to upgrading from v12 to 2007 (why???), luckily they asked my advice first.