Thanks for the reminder of this. Fairly sure this was set up by Tim Good who did PTP which I used for years until Iris bought it. Prices look as though they will work out well for me. Thanks also for the reminder about the importance of not buying before 31 March
Mine has gone up by just over 7.5%. However I am winding down to retirement in a few years and both Taxcalc & BTec would be more than £300 extra so I am gritting my teeth & sticking with Iris. I use VT for accounts which is a relief having seen all the problems that people are having with Iris for those
If you are registered with HMRC then they have a mass of information on their website on anti money laundering. This link is supposed to be for a recorded webinar on how to document your risk assessment so I should try this
Go to • Check and Update your Business Information
Then • Manage Business Information
• Manage Responsible Persons
• Amend Responsible Person
It sounds as though you may have marked a box to say that someone in your firm doesn't have previous experience & then said they are undergoing training but not provided enough detail of what type & when it will be completed.
I had a client with a letter like this in 2022. She was bemused as to what it related to and I phoned the HMRC number on the letter. They were very helpful - couldn't access the info when they worked at home but advised when I should call to speak to someone in the office and they then gave me the financial firm that had provided the info. It turned out to not relate to client - she had POA for a relative & the investment firm had given my client's name rather than the name of the person who held the overseas investment (and it had been declared on the appropriate tax return).
I had no joy with the AAM on a payroll matter that lasted over a year. Initially it seemed really helpful; however it rapidly became obvious that the AAM has no actual clout - I just got a monthly email saying that the relevant PAYE section had been asked for an update, no response had been received so an update would be asked for the following month. When the PAYE section eventually sorted the problem I got an email from the AAM saying that they understand that the problem had now been sorted.
It seems to be that AAMs are ignored in the same as agents are ignored.
The posts here have reminded me that client paid tax on interest online in July last year; CT61 form was sent tracked so I knew it was received. Box showing online payment ticked. Payment made with the right reference. HMRC allocated it to client's corporation tax account. "Miscellaneous transfer" done in December 2022. Personal tax return showing interest & corporation tax return filed a couple of months before; no reminder evidently sent for the "lost" ct61 tax.
Thanks Wingman. This is fourteen months after DOD and gold & silver prices fluctuate hugely so guess the chattels may have included some silver photo frames or cutlery & some bits of gold which could have gone up quite a bit depending on DOD & date of auction sale. Does the whole lot (ie all the chattels) count as one set when it is all sold by one auctioneer? That seems a bit odd to me, whereas if the estate had some individual valuable bits of jewellery or sets of cutlery etc that had increased then it is obvious that cgt would probably be due.
My answers
Thanks for the reminder of this. Fairly sure this was set up by Tim Good who did PTP which I used for years until Iris bought it. Prices look as though they will work out well for me. Thanks also for the reminder about the importance of not buying before 31 March
Mine has gone up by just over 7.5%. However I am winding down to retirement in a few years and both Taxcalc & BTec would be more than £300 extra so I am gritting my teeth & sticking with Iris. I use VT for accounts which is a relief having seen all the problems that people are having with Iris for those
If you are registered with HMRC then they have a mass of information on their website on anti money laundering. This link is supposed to be for a recorded webinar on how to document your risk assessment so I should try this
https://register.gotowebinar.com/register/6542897264474804830
Go to • Check and Update your Business Information
Then • Manage Business Information
• Manage Responsible Persons
• Amend Responsible Person
It sounds as though you may have marked a box to say that someone in your firm doesn't have previous experience & then said they are undergoing training but not provided enough detail of what type & when it will be completed.
I had a client with a letter like this in 2022. She was bemused as to what it related to and I phoned the HMRC number on the letter. They were very helpful - couldn't access the info when they worked at home but advised when I should call to speak to someone in the office and they then gave me the financial firm that had provided the info. It turned out to not relate to client - she had POA for a relative & the investment firm had given my client's name rather than the name of the person who held the overseas investment (and it had been declared on the appropriate tax return).
I had no joy with the AAM on a payroll matter that lasted over a year. Initially it seemed really helpful; however it rapidly became obvious that the AAM has no actual clout - I just got a monthly email saying that the relevant PAYE section had been asked for an update, no response had been received so an update would be asked for the following month. When the PAYE section eventually sorted the problem I got an email from the AAM saying that they understand that the problem had now been sorted.
It seems to be that AAMs are ignored in the same as agents are ignored.
I tried it with AML renewal and it seems to think I want to claim Universal Credit
Turns out that the course people tell the trainees early on that the costs are not allowable for tax.
The posts here have reminded me that client paid tax on interest online in July last year; CT61 form was sent tracked so I knew it was received. Box showing online payment ticked. Payment made with the right reference. HMRC allocated it to client's corporation tax account. "Miscellaneous transfer" done in December 2022. Personal tax return showing interest & corporation tax return filed a couple of months before; no reminder evidently sent for the "lost" ct61 tax.
Thanks Wingman. This is fourteen months after DOD and gold & silver prices fluctuate hugely so guess the chattels may have included some silver photo frames or cutlery & some bits of gold which could have gone up quite a bit depending on DOD & date of auction sale. Does the whole lot (ie all the chattels) count as one set when it is all sold by one auctioneer? That seems a bit odd to me, whereas if the estate had some individual valuable bits of jewellery or sets of cutlery etc that had increased then it is obvious that cgt would probably be due.