I agree entirely with Mr Mischief
Tom 7000 is assuming he will still be able to do the work. As I understood it there will be penalties levied on traders who give their personal HMRC login details to a third party. The whole point is that HMRC want everyone to do their own, effectively sidelining the smaller agents such as myself. My business will not exist. Or else I will have to become peripatetic moving from one trader to another advising and looking over their shoulders whilst they make their submissions.
I know the Self-Employed will not have to comply with this new regime for a while yet but when they do what happens with the 20% of the population who cannot adequately read and write, let alone operate a computer.
I am also concerned that some traders will simply submit their sales and simple purchases in order to comply but will lose out on claiming many expenses because they are unaware of the rules. The accountants and agents currently help with this but they will be sidelined by the new regime. Apparently agents will not be allowed to submit on behalf of clients.
I got all set to listen to the podcast but it is so quiet I cannot hear it! My sound is on max but I still can't hear the podcast. Any ideas anyone?
All I can think of saying is "Hmmph"
Note to self - re-read before posting!
Similar experience to you John and I also thought HMRC would provide an online CT600 like SA. I've always had a problem with partnership returns though as they have never been available for online submission.
The next thing is the PAYE tools as I understand there will NOT be an upgrade to deal with the pensions we are all having to Autoenrol our clients for.
I feel most strongly that for some unknown reason HMRC are trying to squeeze out the smaller practitioners. As sais by others you would think HMRC would be happy to teke all the help they could get!
Reminds me of the guy who used to beat the hell out of Peter Sellers in The Pink Panther films and that is probably very apt.
What is wrong with HMRC? Why do they want to put obstacles in the path of smaller agents? Surely in the interest of getting returns in on time and everyone towing the line with their taxes HMRC should be actively encouraging agents?
Perhapd they reap more rewards from the penalties they charge for non-compliance and perhaps they get a kick-back from some of the software companies, either way it sucks!
I'm with Jamiea4f on this being a very small agency with low rofit margins.
I have been reading all the comments on a daily basis and really do NOT like the way this is going. Everyone is terribly cinical but with just cause I feel.
As a small practitioner I certainly would not be able to deal with more monthly returns than we already have under RTI and CIS. As has been said before there will still need to be a mechanism to deal with the twists and turns of individual circumstances and expenses, many of which are job specific.
Maybe HMRC plans
to abolish the claim of expenses preferring instead a flat rate system like that used by some companies and individuals for VAT.
It is a minefield and we could all drive ourselves mad chewing the cud and discussing ifs, buts and maybes. I propose to reserve further judgement until clearer details emerge and/or there is a change of government which may well change evrything anyway!