VAT recording get-out clauses

Cowabunga

Member
Location
Ceredigion,Wales
Apparently valid reasons are

"Religious beliefs incompatible with electronic communications"
or
"Not reasonably practical due to age, disability, remoteness of location or other reason"

HMRC will be receiving some interesting applications for exemption :ROFLMAO::ROFLMAO:

I believe in Celestial Teapots, two of which are in orbit around the Earth and monitoring our thoughts. Which is why I always wear a tinfoil hat, day and night and only take it off to shower, at which point I pray to them for mercy on my soul.
I'll also be 62 by April and can't get it up like I used to and live 200 miles from London. The other reason is Brexit.

Therefore I surely qualify for exemption on all multiple grounds.
 

Deutzdx3

Member
I believe in Celestial Teapots, two of which are in orbit around the Earth and monitoring our thoughts. Which is why I always wear a tinfoil hat, day and night and only take it off to shower, at which point I pray to them for mercy on my soul.
I'll also be 62 by April and can't get it up like I used to and live 200 miles from London. The other reason is Brexit.

Therefore I surely qualify for exemption on all multiple grounds.

I think I speak on behalf of all forum members, if they saw some of your messages they would give you life time exception no matter how much you turned over. [emoji23][emoji23][emoji23]
 

neilo

Member
Mixed Farmer
Location
Montgomeryshire
And I'll never understand how anybody in government came to the conclusion that making tax digital was the right way forward.

Nothing is easier than the present system. Do your accounts how you like, fill in the few boxes on the HMRC website. Job done 2 hours per month here.

These new software accounts packages rely on reconciling from your bank statement. Well that is about 25% of the transactions here, with many more lumped into a single transaction on the statement that then need breaking out manual, the DD to the farmers buying group being a prime example which sometimes contains 80 transactions for all sorts of different things. Then we have contra accounts for most self billing customers.

Completely nuts I reckon.

Are you sure? I’ve been on Quickbooks since 2012. I reconcile my accounts once in a while (get the satement & go down the reconcile list on QB ticking each entry off). The software certainly doesn’t ‘require me’ to do it at any point, but i’d Sooner do it than pay the accountant to. Doesn’t hurt to double check you haven’t forgotten to enter something once in a whil anyway.
 

ACEngineering

Member
Location
Oxon
Do you like quick books?

Nothing to compare it to as only used spreadsheets before.

Not using it to generate invoices yet just listing expenses and my income on it for vat and end of year tax etc. Only been on it 3 months.

Its easy enough but things like credits and post office receipts are a ball ache. I have a 15% off parcel force card to use at post office. But the post office takes this discount off after they have added the vat this makes it very confusing for accounts as it simply does not add up! Each time i use that card i have to put a credit note through for the discount and link it to the receipt basically not worth the hassle using card now.

Complained to post office in branch and online but they blame parcel force really need to be reported to hrmc imo post office generate the receipt and take the money so its there problem nothing to do with parcel force at all.
 

ACEngineering

Member
Location
Oxon
Are you sure? I’ve been on Quickbooks since 2012. I reconcile my accounts once in a while (get the satement & go down the reconcile list on QB ticking each entry off). The software certainly doesn’t ‘require me’ to do it at any point, but i’d Sooner do it than pay the accountant to. Doesn’t hurt to double check you haven’t forgotten to enter something once in a whil anyway.

This is what I'm doing too but it can be a head ache. Used to get mum to trawl through the excell spread sheets ticking off payments in and out etc but after 15 years shes had enough of that
 

neilo

Member
Mixed Farmer
Location
Montgomeryshire
This is what I'm doing too but it can be a head ache. Used to get mum to trawl through the excell spread sheets ticking off payments in and out etc but after 15 years shes had enough of that

I can’t imagine anything worse than trawling through Excel spreadsheets personally, but you get used to anything.

Oh hang on, yes I can. Trying to do the same in Sage is much worse. I’m sure they’ve purposefully made that software complex and counterintuitive, just so you need to use the expensive support.

I’ve always found QB to be intuitive, a bit like Apple products in that it just works. I’ve only used support once, which was to register.
 

Half Pipe

Member
We all know that from April next year we have to record our VAT accounts electronically as well as submit regular reports, monthly or quarterly, to HMRC using packages like Xero or a spreadsheet with a 'bridging' program.

Except we don't.

There are three get-out-of-jail-free options.

1. No internet access.

2. Religious grounds.

3. Old age.

I fancy using the 'old age' one, at least until the dust settles. The 'religious grounds' sounds like more fun though.
Does your 3 get out of jail points allow for tff time!?:whistle:
 

ACEngineering

Member
Location
Oxon
I can’t imagine anything worse than trawling through Excel spreadsheets personally, but you get used to anything.

Oh hang on, yes I can. Trying to do the same in Sage is much worse. I’m sure they’ve purposefully made that software complex and counterintuitive, just so you need to use the expensive support.

I’ve always found QB to be intuitive, a bit like Apple products in that it just works. I’ve only used support once, which was to register.

I always found spread sheets quite easy to do really, but its easy to make mistakes on them so it could be a head ache for mum and accountant sorting it out at end of year if I made too many:ROFLMAO:
 
My accountant is providing me with quick books "free" I'm sure there will be an annual fee added to end of year accounts for this privilege though:cautious:

I now spend more time messing about with quick books than I did with excel spread sheets:poop: so accounts annual bill had better be a lot lower seen as though i'm doing more of the work:grumpy:

In that case HE is the master administrator and you can’t delete him.
Is he getting a rake off? Of course he is, as are others from Xero.
I asked about accountant’s bills and was told, ‘as you were, divided by twelve on DD’.
I bought QB, deleted him and changed accountants .

Do you like quick books?

It’s a faff and I have yet to get an agreement with my trusty ledgers. That’s since May when I bought it, The tutor at our new accountants says I’m doing brilliantly and charged me £100 to say that. I don’t agree.

Price increase for QB in January to £18 month.
Opportunity?
 

balerman

Member
Location
N Devon
Just swapped from Sage to QuickBooks,and after a quick tutorial from the accountant I can see it will be much quicker and more accurate for me to use.Once its all set up it should be cheaper as it will need very little input from the accountant,they are charging £10/mth for it.
 
I believe in Celestial Teapots, two of which are in orbit around the Earth and monitoring our thoughts. Which is why I always wear a tinfoil hat, day and night and only take it off to shower, at which point I pray to them for mercy on my soul.
I'll also be 62 by April and can't get it up like I used to and live 200 miles from London. The other reason is Brexit.

Therefore I surely qualify for exemption on all multiple grounds.
Can I have the 40 virgins if you can't make use of them?
 

ACEngineering

Member
Location
Oxon
In that case HE is the master administrator and you can’t delete him.
Is he getting a rake off? Of course he is, as are others from Xero.
I asked about accountant’s bills and was told, ‘as you were, divided by twelve on DD’.
I bought QB, deleted him and changed accountants .



It’s a faff and I have yet to get an agreement with my trusty ledgers. That’s since May when I bought it, The tutor at our new accountants says I’m doing brilliantly and charged me £100 to say that. I don’t agree.

Price increase for QB in January to £18 month.
Opportunity?

Yes this is true, I don't have full access but that does not bother me really. so long as I can keep the data which I assume I can, for example if he passed away like my last accountant did unexpectedly:(

Chap next door to me is paying £7 a month for QB, again not sure he has full access either?
 
Just swapped from Sage to QuickBooks,and after a quick tutorial from the accountant I can see it will be much quicker and more accurate for me to use.Once its all set up it should be cheaper as it will need very little input from the accountant,they are charging £10/mth for it.
At the moment, I'm paying £7.50.
The point is that you invite your accountant to share the platform. And if he does something daft, as ours did, with MY product, then you can't delete him.
Change overs to other firms are supposed to be seamless. I doubt that.

Yes this is true, I don't have full access but that does not bother me really. so long as I can keep the data which I assume I can, for example if he passed away like my last accountant did unexpectedly:(

Chap next door to me is paying £7 a month for QB, again not sure he has full access either?

You have full access if you pay direct whether you want it or not. Not sure if you go via an accountancy firm. See above for the downside and cost plus price increase from January.
Xero is more expensive.

I think NeilO is using Desktop for QB? Different system to the one discussed now.
 

SFI - What % were you taking out of production?

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  • 100% I’ve had enough of farming!

    Votes: 6 3.2%

Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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