No more annual tax return

[PerfectStorm]

Indeed, your accountant does the online return, they see it and debit the amount

[suityou01]

From the return that is completed by yourself or your accountant, presumably.

When you submit your return it has the amount you need to pay, this is what is taken a few weeks later.

So the benefit of the direct debit saves you having to remember to pay it. But you still have to remember to do the return. Got it. OK.

I just do the return, and pay it at the same time. Usually the last day it is due. Then no need for a direct debit. Viv la difference eh?

[suityou01]

Indeed, your accountant does the online return, they see it and debit the amount

My accountant comes nowhere near my VAT returns, the thieving money grabbing swine gets enough from me.

[Pondlife]

Do your VAT amounts not vary?

You're thinking of a Standing Order I suspect.

[Unix]

So the benefit of the direct debit saves you having to remember to pay it. But you still have to remember to do the return. Got it. OK.

I just do the return, and pay it at the same time. Usually the last day it is due. Then no need for a direct debit. Viv la difference eh?

No my accountant submits it, I ok it, then forget about it. It's a brave new world where computers can help us.

[suityou01]

No my accountant submits it, I ok it, then forget about it. It's a brave new world where computers can help us.

I produce 12 sales invoices a year. Once a quarter I have to add up 3 values and take a percentage. Then put these values in 2 boxes on a website. Then click submit. Even I can't feck that up. I don't need help where I can help myself, and given that there are so few opportunities where I can help myself I relish in the ones that I do have.

[PerfectStorm]

The bigger news for us might be the raise of the personal allowance to £11k, a possible raise of the higher rate threshold to £50k, and clamping down on tax evasion and accountants that assist.

[GlenW]

clamping down on tax evasion and accountants that assist.

There's always got be some bad news, hasn't there?

[PerfectStorm]

There's always got be some bad news, hasn't there?

Speak for yourself - I'm legit! At least for the next couple of hours...

[eek]

So the benefit of the direct debit saves you having to remember to pay it. But you still have to remember to do the return. Got it. OK.

I just do the return, and pay it at the same time. Usually the last day it is due. Then no need for a direct debit. Viv la difference eh?

So your turnover is so low that the quarterly VAT amount doesn't hit your banks daily transfer limits: