New VAT submission rules

[Still Farming]

Not sure of your thinking here but all vat registered traders will have to file returns with mtd compliant software even if they fall under the 85 threshold.

Not as you stated paste bit above ?

 

[Y Fan Wen]

Having re read the whole thing, https://www.gov.uk/government/consu...king-tax-digital-for-vat-legislation-overview , I believe you are right about the 85 threshold. However it says that if you do creep over the 85, if you drop back down you will still have to use mtd compatible software unless you deregister.
Don't worry, I believe it is coming to us all! Not good introducing it in the month following the drop out tho!!!

 

[ollie989898]

I believe most old farmers will do what most old farmers do, pay a book keeping lady who will turn up with a laptop and fill in the VAT returns after creating them some login details using whatever choice of software they like best.

 

[Still Farming]

Or carry on as normal forced to do things that are never simple for themselves and change all the time often for the worst .

 

[stevepmiles]

I believe most old farmers will do what most old farmers do, pay a book keeping lady who will turn up with a laptop and fill in the VAT returns after creating them some login details using whatever choice of software they like best.

I use one of those farming book keeping lady's ... just as you say turns up with laptop and all sorted, I can then stay outside and do what I do best farm work

 

[unbrako]

You can register part of you business as a separate business to avoid the VAT threshold if it is genuinely supplying a distinct service or product.

 

[renewablejohn]

They have already made it impossible for us to submit our VAT return due to this extra security. It was difficult enough to submit the return on an unreliable broadband system but then to expect confirmation by phone when the BT landline was disconnected 5 years ago due to not working every time it rained and the mobile phone only works when you have signal on the hill top. Vat solution offered is for them to phone at a predetermined time when we can arrange to be in the middle of the field to obtain signal. At which point we can go through a mountain of security and they estimate a quarterly return will take 15 minutes to submit and they will not be responsible if the return is submitted incorrectly. Have suggested we will revert back to using paper returns but apparantly that is no longer an option despite what there website says.

 

[Pheasant Surprise]

It was difficult enough to submit the return on an unreliable broadband system but then to expect confirmation by phone when the BT landline was disconnected 5 years ago due to not working every time it rained and the mobile phone only works when you have signal on the hill top

Put a 4G broadband router with an external antenna up on the hill and use a WiFi connection to shoot the signal back to your house....

 

[wr.]

Our accountant is pushing Sage. Has anyone any experience with it?

 

[Still Farming]

Our accountant is pushing Sage. Has anyone any experience with it?

Only because they want it all done for them and STILL send you a big bill
Easier working for tax man.

 

[wr.]

Only because they want it all done for them and STILL send you a big bill
Easier working for tax man.

It's nearly all done for them anyway which reflects in what they charge us to be fair.

I just wondered if anyone has experience of Sage

 

[Still Farming]

It's nearly all done for them anyway which reflects in what they charge us to be fair.

I just wondered if anyone has experience of Sage

Not much point in having them then if these so called "accountancy packages", as as good as they seem then ?

 

[wr.]

Not much point in having them then if these so called "accountancy packages", as as good as they seem then ?

There you go then. No need to bother.
I suppose a lot depends on the size and nature of ones business.

 

[chaffcutter]

Go Xero, easy to use even for an old computer dunce like me!

 

[Steevo]

Not much point in having them then if these so called "accountancy packages", as as good as they seem then ?

Software doesn't know the tax system inside out.

 

[farmerdan7618]

Not much point in having them then if these so called "accountancy packages", as as good as they seem then ?

The software packages are great, get all the data put in right and the bookkeeping is done. Accountant can then focus on stuff that is of more value to you, capital allowances, farmers averaging, business structure, pension contributions.
There is a difference between an accountant and a bookkeeper.

 

[Still Farming]

The software packages are great, get all the data put in right and the bookkeeping is done. Accountant can then focus on stuff that is of more value to you, capital allowances, farmers averaging, business structure, pension contributions.
There is a difference between an accountant and a bookkeeper.

You haven't seen all Accountants ?

 

[Still Farming]

Software doesn't know the tax system inside out.

HMRC 's does !

 

[farmerdan7618]

You haven't seen all Accountants ?

Granted, I haven't. But the firm I work for does think like this. Maybe if your accountant doesn't, you might be due a change.

 

[Adam@Rumen]

Another fan of Xero here.

Will still keep the accountant but bill will be reduced due to lower workload.