Member Since: 26th Apr 2010
10th Mar 2013
Help rather than stick
There are many people who do not realise that CGT is payable on second homes. Is it reasonable to expect sellers to find their way through HMRC web to look for a topic that they maybe did not know existed. It would be more helpful to introduce a mechanism to bring it to their attention either at point of sale or when the property is put on the market. When are we going to stop penalising for deemed knowledge where it can be avoided. The French pay their CGT as part of the sale, we could at least report there is a potential liability at the same point which can be picked up by solicitors from their questions pack.
3rd Feb 2013
HMRC systems were efficient this year and Agents helpline answered calls within two rings and made a good effort to be as helpful as possible. Usual clients leaving things to last minute and picked up some nice new ones as other Accountants turned them away
Now for a rest.................
7th Sep 2011
Time to Pay Arrangements
I arranged a time to pay arrangement over 4 Months for one client and 6 months for another.
Both of the arrangements failed as the clients paid one of the instalments early. The collector advisd me on one of the cases that the tax was due "on" a date. When I reminded her that it was due "by" the date I was told that the system was set up in this way and she reluctantly after taking advice allowed the time to pay arrangement to continue.
When discussing issues like this with HMRC staff, you can tell the dispair in their voices. It can not be easy to work in an environment where you are constantly reminded that the system lacks logic or where you have to behave like a parrot
IThe agents helpline has been very good since being set up.
Once making contact with an officer it would definitely be enhanced by that person taking ownership of the matter. It is a complete waste of time having to repeat yourself especially where incomplete or inaccurate notes are made on their computer