Making tax digital
Discussion
Eric Mc said:
The software industry is DELIGHTED with these developments.
I can't think why.
Some of the industry are and some aren't. There were certainly some very unhappy developers at the meeting I attended. Some accounting firms are also delighted. Take PWC for example. Not a firm you would usually see targeting small businesses.I can't think why.
Piersman2 said:
It's ridiculous isn't it. What's the issue with the current online process, has HMRC ever said? I'm struggling to think what the advantage is for them.
Any response from the HoL review?
It has a lot to do with their IT strategy.: https://hmrcdigital.blog.gov.uk/2016/02/12/our-vis...Any response from the HoL review?
I've been looking into this since I will file my VAT this way now.
In a nut shell the software I've been using for 20 years (yes it's old, but it does all I need) is not compliant and it will not be updated to be so, so I have to use one of the approved applications.
But you can't buy any of these approved applications, you have to rent them. At least I can't find one that you can buy. And the going rate is about £150 - £200 a year, every year.
So it's going to cost me £200 or so every year from now on, i.e. an expensive I did not have before.
It reeks of a massive backhander for someone in Government here.
In a nut shell the software I've been using for 20 years (yes it's old, but it does all I need) is not compliant and it will not be updated to be so, so I have to use one of the approved applications.
But you can't buy any of these approved applications, you have to rent them. At least I can't find one that you can buy. And the going rate is about £150 - £200 a year, every year.
So it's going to cost me £200 or so every year from now on, i.e. an expensive I did not have before.
It reeks of a massive backhander for someone in Government here.
snuffy said:
I've been looking into this since I will file my VAT this way now.
In a nut shell the software I've been using for 20 years (yes it's old, but it does all I need) is not compliant and it will not be updated to be so, so I have to use one of the approved applications.
But you can't buy any of these approved applications, you have to rent them. At least I can't find one that you can buy. And the going rate is about £150 - £200 a year, every year.
So it's going to cost me £200 or so every year from now on, i.e. an expensive I did not have before.
It reeks of a massive backhander for someone in Government here.
checkout some of the one's mentioned in this thread, certainly a lot less than £200 pa, in fact the two mentioned are £40+vat paIn a nut shell the software I've been using for 20 years (yes it's old, but it does all I need) is not compliant and it will not be updated to be so, so I have to use one of the approved applications.
But you can't buy any of these approved applications, you have to rent them. At least I can't find one that you can buy. And the going rate is about £150 - £200 a year, every year.
So it's going to cost me £200 or so every year from now on, i.e. an expensive I did not have before.
It reeks of a massive backhander for someone in Government here.
snuffy said:
I've been looking into this since I will file my VAT this way now.
In a nut shell the software I've been using for 20 years (yes it's old, but it does all I need) is not compliant and it will not be updated to be so, so I have to use one of the approved applications.
But you can't buy any of these approved applications, you have to rent them. At least I can't find one that you can buy. And the going rate is about £150 - £200 a year, every year.
So it's going to cost me £200 or so every year from now on, i.e. an expensive I did not have before.
It reeks of a massive backhander for someone in Government here.
Do you currently file the VAT return manually using the data from your software?In a nut shell the software I've been using for 20 years (yes it's old, but it does all I need) is not compliant and it will not be updated to be so, so I have to use one of the approved applications.
But you can't buy any of these approved applications, you have to rent them. At least I can't find one that you can buy. And the going rate is about £150 - £200 a year, every year.
So it's going to cost me £200 or so every year from now on, i.e. an expensive I did not have before.
It reeks of a massive backhander for someone in Government here.
sgrimshaw said:
checkout some of the one's mentioned in this thread, certainly a lot less than £200 pa, in fact the two mentioned are £40+vat pa
Thanks, I shall have a look and see what I think. The thing that really annoys me is the renting of the software. In my line of work (industrial control system software), end clients will not accept renting of off-the-shelf packages. I had a look at Quickbooks and it's very good, but it does way more than I need.
snuffy said:
The software I used (Dosh/Marmot Cashbook) produced the VAT figures. Then I just use the HMRC webfilling page and enter the numbers.
Okay.This appears the simplest I have found. You will just need to type the relevant totals in a excel spreadsheet, then copy/paste to the web filer.
Cost is £40 pa.
https://www.absoluteexcelvatfiler.co.uk/pages/abso...
PurpleMoonlight said:
snuffy said:
The software I used (Dosh/Marmot Cashbook) produced the VAT figures. Then I just use the HMRC webfilling page and enter the numbers.
Okay.This appears the simplest I have found. You will just need to type the relevant totals in a excel spreadsheet, then copy/paste to the web filer.
Cost is £40 pa.
https://www.absoluteexcelvatfiler.co.uk/pages/abso...
In fact, I'm going to cough up my £40 and submit my VAT return as it's due at the end of the month.
Thanks for your help !
sgrimshaw said:
checkout some of the one's mentioned in this thread, certainly a lot less than £200 pa, in fact the two mentioned are £40+vat pa
Yes. I was a bit hasty looking at the £200 pa options. Because I don't need all those extra things when I only issue a few invoices a year and there's only me. Thanks.PurpleMoonlight said:
Are you trading over or under the VAT threshold?
If under, you don't have to file digitally yet.
Just over. Oddly, this year will be under because I worked part of the year as staff. But I fully expect to be over it from now on. So I might as well do it now and then it's done with.If under, you don't have to file digitally yet.
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