You might also be interested in
Replies (18)
Please login or register to join the discussion.
wait for the announcement that the expect VAT take in/on 7th July plummets.
What a bunch of tory leadership candidates!
wait for the announcement that the expect VAT take in/on 7th July plummets.
What a bunch of tory leadership candidates!
Do you mean Conservative and Unionist Numbskull Candidates..?
Nothing surprises me anymore, certainly after the complete mayhem and weakness of the management of Brexit.
Just goes to show how little thought and planning was given to the matter. Tantamount to abuse of power and privilege with no real consequence of messing it up.
Might be a case for a wealthy individual/business to contest in the courts.
All I wish is that you all write in o VAT written enquiries and overwhelm them as they have overwhelmed us.
Lot of accountants are in this to make a fast buck but they should take care as it might come back to bite them.
Verily - we [including HMRC] would do well to remember that
"what goes around comes around"
to paraphrase Galacians 6:7
I of course agree that the delay in the public sector VAT reform is typical of the shambles / total lack of capacity for anything that's not Brexit in the Government at the moment.
Equally, I think people complaining about double standards etc aren't really being fair or sensible.
The issue is that these bodies currently send their VAT returns to different software than the rest of us, because they submit extra data that we don't send.
A brand-new replacement for GIANT within the MTD system will, of course, cost a lot of money to build - even before the costs of anyone switching their own systems to speak to it.
It would be a massive waste of money for HMRC to do that just to have it ready for the same date as everyone else moves to MTD, despite knowing the whole mechanism might soon be scrapped or at least fundamentally changed.
And if they did, I'd bet everyone complaining here about the deferral would instead (quite rightly) be complaining about the short-sightedness and obstinacy of HMRC ploughing on with system change for the sake of it.
Yes, ideally the VAT reform review would have been done already. But it hasn't, so it seems bonkers to do anything other than defer their entry to MTD until it's clear what data they actually need to submit.
I definately do not agree with you , what HMRC are asking as an example is a small hairdresser just over the VAT limit in their 60's to do is a complete and utter disgrace to this Government. They fail to understand technology through no fault of their own and have been using systems manually for decades and then over night they are expected to comply with the same rules as a multi national company and become fully digital compliant mid way through a year end. How on earth can that be fair ?
As has been pointed out this seems one rule for one and another for those that cannot argue . It is therefore on the face of it discrimination and as far as I understand it could therefore be unlawful to use 2 different dates for essentially the same legislation ? Does this not demonstrate that there is no point steam roling this into operation when even the biggest of organisations cannot cope ? I am already getting problems filing under MTD to then get phone calls from clients that the payments are not being taken . MTD VAT helpline have confirmed there is an issue moving the DD's over quickly enough to be taken but expect this to only be for the first time taxpayers file under MTD ! Not good enough as they are issuing surcharge notices !!!! Utter mismanagement yet again . Let's hope it settles down and all those businesses forced into software don't fall foul of "Rubbish In Rubbish Out" and get their records in a right old mess .
From my limited involvement clients are struggling to use the software and HMRC stand to have significant amounts of tax over or under paid as taxpayers get stuck in the MTD system. The garbage that it produces is so bad I doubt anyone could sort it out. Do you think it right for me to tell a client to file an incorrect VAT return or is it more sensible to tell them to stay on the old system ?
No but wait though, when I was on a video update from HMRC I asked the question had this MTD stuff been thoroughly tested and they assured me it had. I'm beginning to think they may have been economical with the truth....
Yes I did think come July the VAT take would cause the whole ridiculous idea to be scrapped. Here's hoping! I'm not sure the accountants are making a fast buck but the software companies are! Fortunately my first returns are not due until October and I feel sorry for those who have had problems! Back from Seychelles in August.
Who forgot to update the GIANT vat system for MTD...
Hands up....
come on don't be shy....
"Do as we say and not as we do" leaps to mind...
Mind you it is HMRC - So we should be thankful that they've not brought forward the date that penalties kick in I guess...