Agreed! The only 'saving grace' for us is that we use Taxfiler for the bridging software and it gives us a nice submission receipt with all the nine VAT boxes clearly shown below.
Yes we are using Taxfiler and it has worked well once we realised they didn't issue us with a specific template, we just designed our own and voila! I still cannot see how this is going to fill the tax gap though and there was a lot of hassle with setting up the ASA and getting clients registered at HMRC etc to get to that point!!!
I had someone like that - made a complete mess of it, had no idea how to deal with CIS tax and started to 'claim input VAT' on items towards the year end when he wasn't even VAT registered! The problem with him was he had oodles of confidence so talking to him you felt he knew what he was doing but once I took a look I realised he hadn't a clue!!
Yes I quite agree. The Ariana Grande dame hood thing was probably like you say the Government wanting to look cool rather than anything else. She turned it down in any event but for a young performer to deal with the situation she found herself catapulted into like she did and turn it around to raise money for the survivors and their families etc should still be commended.
I concur with everything you've said DMBAcc and despair the more I hear about it all! Yes free software but there's obviously a hidden agenda. As for already tax complaint businesses ticking along perfectly well but now being forced to file digitally under MTD - how on earth is that going to plug the tax gap?!!!
Per the latest HMRC webinar that part of the VAT Act is wrong or at least misleading - it is apparently going to be re-written - the bit that says that MTD relates to any VAT registered businesses who have ever traded over the VAT registration threshold should mean from the point MTD for VAT registered businesses is brought in next April and does not relate to any time before then. It basically would then read as we have understood it all along!
I'm glad you've submitted it to them kevinringer - please keep us updated on their response (if it is forthcoming!)
I'm worried about MTD generally but the one bit that particularly stands out for me is that I understood businesses currently voluntarily registered for VAT (i.e. trading under the threshold) were exempt but if they went over the threshold in the future they would come into MTD and couldn't just opt out of it if their turnover fell below the threshold again as in they were stuck in the system until they deregistered for VAT etc. What I now read is that MTD applies to any VAT registered businesses who have ever traded over the VAT registration threshold! Surely that is crazy - they may have had a large contract 20 years ago which took them over the threshold, but not since, and they decided to retain their VAT registration status for various financial reasons. How is that going to be 'policed' by HMRC - I definitely wouldn't have access to that information especially if I took the client over from another agent.
I spoke to someone like that the day before yesterday - it was a pleasure - she is even going to keep the case open for a month to check that it has been satisfactorily resolved (this time round!).
As you say 'old school' who actually want to help and who care whether they get the situation resolved or not. Unfortunately they are very few and far between at HMRC these days. If I come across one I always thank them for their help and for being unlike the rest of their colleagues!