Making Tax Digital
- Thread starter Klenchblaize
- Start date
Just went digital in November as I needed to go vat registered .
The government said going paperless is better for business . I got a vat refund for the first quarter. Guess what they sent me a paper cheque for my refund
All of my refunds arrive direct in my nominated bank account electronically.
I'm using Xero for the books, I think you have to pay for any of the options but you can apply for an exemption.
Limited company so needs an accountant for books sign off anyway. I can ask mine if she's happy for me to send out details if you need one- recently taken her on but was recommended by a friend.
This is the current lead favourite at the moment - does anyone here have experience with this software/company please?
EasyDigitalFiling - Single CT600 filing Pay as you Go; Online Filing Software
Pay as you Go Single Filing CT600 prices for Company owners - Online software to create Company Corporation Tax CT600 Filing and iXBRL Company Accounts
easydigitalfiling.com
Just double checked this. Apparently I might not need one... Had been informed otherwise by a friend who is one. Hmm...
I use an accountant as I am not wired that way to sit and enter data into a system which could well (if I made a mistake) cause me no end of grief.
Personally I work on the basis "Do what you are good at" which would not include dealing with hmrc lol
A chap I know all but locks himself away from the start of Jan "doing his accounts" a direct quote from his wife is " I wish he would use an accountant as he is a miserable so and so that month"
Bo Diddley
Well-Known Member
The cynical side of me would say that real time digital taxation for the "Self employed" being rolled out has two cutting edges to the sword.
#1 to rake in a few quid a few months before HMRC would get it in anyway.
#2 to hopefully encourage a few more self
employed to give up.... HMRC & government have wanted to do away with folks being self employed for decades... they think everybody is stuffing their mattresses with cash....
#1 to rake in a few quid a few months before HMRC would get it in anyway.
#2 to hopefully encourage a few more self
employed to give up.... HMRC & government have wanted to do away with folks being self employed for decades... they think everybody is stuffing their mattresses with cash....
devon deer stalker
Well-Known Member
A good living out of deer stalking?
How?
I scrape a living out of deer stalking, client stalking and teaching fly fishing.
But, I get my state pension this year so from 2027 no more guiding for me!
@Demetrius I welcome cash, but I'm not as you describe, a scumbag!
In my eyes cash is still king, we must all still use it or lose it.
I went to a pub in Exmouth recently, there was a sign saying no cash accepted but I missed it, they poured 2 drinks amounting to over £10, I offered cash, they demanded a card, I said no, walked out, who was the loser there?
50 yards down the road, 2 drinks plus meal £50 cash!
@Bo Diddley I do my own accounts....but no stuffed mattresses where I live!
How?
I scrape a living out of deer stalking, client stalking and teaching fly fishing.
But, I get my state pension this year so from 2027 no more guiding for me!
@Demetrius I welcome cash, but I'm not as you describe, a scumbag!
In my eyes cash is still king, we must all still use it or lose it.
I went to a pub in Exmouth recently, there was a sign saying no cash accepted but I missed it, they poured 2 drinks amounting to over £10, I offered cash, they demanded a card, I said no, walked out, who was the loser there?
50 yards down the road, 2 drinks plus meal £50 cash!
@Bo Diddley I do my own accounts....but no stuffed mattresses where I live!
Bo Diddley
Well-Known Member
Are you sure about that
.....At least you are living the dream, doing something that you enjoy to earn a crust.
Enjoy your retirement
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