In most cases that will be a good thing and reduce the amount of meaningless paperwork.
Some cases where special despensations had previously been negotiated may be worse off (they all become null and void on April 6th when everyone is expected to adhere to the same expenses rules).
For once does this not mean that the Government are doing something to stregthen the accountants position? One man limited companies cannot sign off their own expenses therefore without a dispensation they need the accountant to sign off that the expenses included in returns are in line with HMRC guidance.
We do that anyway I know but do we not now have the ability to further sell the necessity for our services rather than the business owner attempting to do it themself?
Just grasping for silver linings there after the rather depressing Xero comments in the other thread which were all doom and gloom for the profession.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Thanks for that Shaun.
Yes I know, only time will tell.
There will always been a need for tax advisors...I hope....
You can represent yourself in court, yet the majority would still instruct a solicitor / barrister.
Maybe I'm just looking on the bright side....
Also, Universal credits requires RTI.....Welcome in the cloud...
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Johnny - Owner of an overly-active keyboard.
A man who can read, yet doesn't, is in no way wiser than a man who can't.
This should have happened years ago. The P11d dispensations were a bit of a joke at times. I had clients given dispensations they neither need or asked for, and refused the ones they actually needed, so in the end I started not to renew or do them!
P11ds were too often not processed correctly by HMRC and it was a continuous outstanding issue with WTG from when it started all those years ago with HMRC to when the local face to face meeting ceased about 2 years ago.
I must admit I got so fed up with the whole system that I would only putting taxable BIK on a P11d, otherwise it was just easier to ignored the expenses which should have been reported for paperwork purposes only, (I know terrible), but it was just easier than trying to get HMRC to deal with the paperwork correctly and dealing with the fallout when inevitable they didn't. I decided that if there was a problem I would take it up with HMRC on the basis I could not trust them to process it paperwork properly (which I couldn't), and therefore I had grounds not to do the paperwork as it should be - except to ensure that client paid the correct tax when it was actually due.
