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It took an IT manager to set up the Agent account. Fine tuning including QB building a connection between blah blah blah. Yep anything an ordinary business person could do. Might even have a stab at it myself.
Many business are waiting to go on to the pilot. Really where are these business? Certainly not in my or many of my colleagues practice.
Stick to your adverts QB they're more entertaining. Unfortunately my original gut feeling that MTD is a load of rubbish and should be scrapped gets more and more credence as time goes by.
One new enquiry a day for the pilot is not many. I don't know anyone in it either and don't know why these accountants are putting a positive spin on MTD, maybe Quickbooks are paying them well.
QB makes its first VAT submission? But QB (and Sage and others) have been able to do this for years so QB's announcement is hardly anything to should about. In fact I have to ask why has it taken so long?
I'd like to know how Sagars are preparing one of their larger clients, one who is using bespoke accounting software, to get to grips with this MTDfV. Hardly anyone seems to be talking about this
I have been asking the same questions of HMRC. We have loads of clients that use industry specific software: travel agents, solicitors, farmers etc. I personally have contacted some of the software suppliers to find out what plans they have for MTD and without exception I've been told they have no plans at all. I've asked HMRC how businesses are to comply with MTD if their industry specific software doesn't have MTD built into. HMRC's response is these businesses must use MTD software so they must either switch provider or run a second MTD-compliant system in parallel to their industry specific software. My larger clients don't have enough staff time to do this so would have to employ extra staff. But my smaller clients with other non-compliant systems (eg paper) are going to have to employ someone to do their MTD too. How can HMRC be so arrogant especially when so many of their systems don't work correctly?
Ah Kevin, you now know why HMRC aren't bothered about MTD. Government have said it goes live April 2019 and it is up to us and business to sort it out, even if nothing works. No doubt Government will realise they will have a riot on their hands if the system isn't running spot on. HMRC have totally washed their hands of any liability. If the software houses don't come good it's their fault. If there is software and our clients don't use it, it is down to us and our clients fault.
And if the users (or whatever we're called) don't get to file these precious online reports (or whatever they're called) then HMRC will send us with the plenty of penalties and fines!
DRINKS ALL AROUND!!!
(Am I the only one who's begining to think the WANT us NOT to be able to file?)
HMRC have a list of MTD Income Tax approved software at https://www.gov.uk/guidance/software-for-sending-income-tax-updates. Is there a list of approved MTD VAT software?
Please be aware that Quickbooks Online will not be compliant for MTD for those
on the Flat Rate Scheme. Please make your clients aware as Intuit seem unwilling to do so.
They have no current plans (as at 14/11/2018) to include those on the Flat Rate Scheme within their MTD program.
Responses from Intuit most welcome to this rather unbelievable situation.
I don't have any FRS clients using QBO but I've logged into one of my non-FRS clients and can see in the VAT settings a FRS tick box. When I tick it I'm asked to input the flat rate and registration date for the 1% discount. Does this not work?