Member Since: 6th Dec 2013
10th Mar 2016
A long way to go for XERO
I don't know how Xero became high profile with HMRC. Although you can submit VAT Returns from Xero YOU CANNOT submit your accounts as Xero do not have iXBRL capability. So they have a lot of work to do. The payroll still has glitches so if the accounts submission suddenly becomes available and there are problems who will pay the price. I bet it is not XERO
3rd Mar 2016
I don't think they will ever understand and probably don't want
I continue to be amazed that HMRC believe that self employed and small companies want to do this filing and keep there accounts up to date. I have recently had to register a small limited company for VAT and PAYE. A simple enough task but I had to use their Govt Gateway (the fact they had one was a minor miracle) to do it and this is something we will not be able to do in future and there was no way my client wanted to do it.
Most small businesses just don't want to be involved and that is why they come to us.
No doubt the "big boys" who are liaising with HMRC do not see this as a problem as their clients have enough qualified staff to manage these "mundane" tasks.
The more I read the more I see disaster looming!