Member Since: 1st Apr 2008
12th Feb 2020
Give me on example of a sole practitioner who ever felt supported by a CCAB Institute.
11th Feb 2020
In my experience, had the company in question attempted to obtain time to pay arrangements, this would have firstly required the submission of the return up to three months earlier than it was required to be filed, more indeed if the arrangements were sought before the due date at which point they would be rejected on the grounds the company clearly has plenty of cash to pay it (if we ignore the commitments to their ongoing work which the 30/09/17 suggest the cash went to.
They would therefore be in the situation that HMRC would pursue the debt for those three months with a level of aggression depending on their previous history, phase of the moon & mood of the officer involved. I agree the accountant probably dropped a bigger [***] than he intended by not filing when gone unpaid likely expecting £100 late filing alone - I hope his engagement letter is clear on this part.
3rd Feb 2020
I would have thought daily reminders would prove counter productive as while some might just sign it to get you off their backs, normal people would just get annoyed and tune them out. Interesting to hear otherwise.
28th Jan 2020
I know a practice like this too - will store every single SA return to file at a chosen point mid January with the rationale that this limits the enquiry risk by filing them alongside millions of others while not raising a red flag by filing on the 31st.
They possibly misunderstand how the enquiry window works but aside from what it is they feel the need to hide, you can only imagine how stressful this is for the staff and the clients trying to make online payments.
13th Jan 2020
Is that not the point being made though? Surely it would be far more effective to have Companies House make checks on directors/shareholders perhaps even using the same verify system used by .gov.
Any cost in doing so could easily be re-charged onto the £12 fee currently levied which may also then go some way to discouraging disposal Ltd Cos.
7th Jan 2020
I hope they do but the statement about having it's fingers burnt before and that necessitated the written management agreement (given out by the priest in this case...) makes me think Salbit will not be getting a bung from the collection plate.
6th Jan 2020
From the case notes, Salabit was an immigrant working as a housekeeper (relevant only in that she does not appear to have any business knowledge or prior experience with taxation) who agreed to this arrangement after a request from her mother, also a member of the congregation of St Pius to "help out".
Not only does she not seem to have profited from this arrangement in any, it actually states she funded the losses from her own personal income, before any VAT liabilities.
Undoubtedly, the bar owner & church (if not the same party, it's not clear what the Social Club is) did not understand or ignored the rules after what looks like some pretty shoddy advice but it seems hugely unfair for Salbit to carry the can here.
3rd Jan 2020
One of these cases that in reality, there is no VAT as the cash does not exist to pay it - the "business" has been hopelessly insolvent since day 1, they just didn't know it but fortunately for HMRC/The Taxpayer in this case, the poor immigrant that looks to have been exploited from the outset can foot the bill. Truly, restores your faith in the system.
12th Dec 2019
The anecdotal evidence of following up reports doesn't inspire me given they mention the SOCA which was disbanded in 2013.
I have no doubt that some effort may be made to cross check on existing cases against people already on the radar but I doubt the information we provide about minor VAT errors or unsubmitted tax returns make much odds.
I object to the tone of censure that accountants are letting the side down by not making enough reports compared to the banks. Aside from the fact that we are engaged in entirely different services, I take it that I am doing a reasonable job in judging who I work with and what work I take on.
If this information was simply sent to HMRC in the first place it would make a lot more sense but then we would have to face up to the fact we are common snitches rather than guardians of the financial sector against terrorism, medal awards pending.
7th Dec 2019
While I have limited sympathy for Mr Wheeler who would have undoubtedly benefited from some representation, professional or otherwise. Is there any question of tax actually at stake here or is it merely punitive for wasting their time (time that we could have wasted in a a far more interesting way on another fruitless IR35 debacle)