Quarterly tax returns - petition

[NotAllThere]

Make it monthly and call it PAYEBOJ (Pay after you earn, but only just).

[SimonMac]

Make it monthly and call it PAYEBOJ (Pay after you earn, but only just).

Its gonna be a bodge no matter what happens

[SueEllen]

I suppose the key will be when they expect payment, CT now gives you nine months after a submission, if this continues it won't be a problem and Hector will start getting money every three months, but I assume more companies will pay their CT in instalments anyway so few will leave it to the full time period, but more importantly they will know what they are expecting earlier.

Don't assume anything with this government.

They don't understand how businesses work, and neither do the bright sparks in the Treasury and HMRC who come up with these policies.

Remember while we don't have buy stock we buy assets and contribute to pensions that depress our yearly profit. So yes while I could have a profit in quarter 1, if I need new equipment or to buy stock in quarter 2 I'm going use some of that profit.

[SimonMac]

Don't assume anything with this government.

They don't understand how businesses work, and neither do the bright sparks in the Treasury and HMRC who come up with these policies.

Remember while we don't have buy stock we buy assets and contribute to pensions that depress our yearly profit. So yes while I could have a profit in quarter 1, if I need new equipment or to buy stock in quarter 2 I'm going use some of that profit.

The assumption was on companies not Hector

[SueEllen]

The assumption was on companies not Hector

Fair enough.

[mudskipper]

Only because they make it a biggie. With software there's no reason why it needs to be complicated at all.

You may be right. 10K new signatures since I posted the link this morning would indicate that many don't share your optimism.

[VectraMan]

You may be right. 10K new signatures since I posted the link this morning would indicate that many don't share your optimism.

People will sign anything.

Every time I do any of these things I spend the first hour trying to remember where I wrote down the ID and password the year before. Doing it more often might be a bonus.

[SimonMac]

You may be right. 10K new signatures since I posted the link this morning would indicate that many don't share your optimism.

10.2 million SA were submitted last year, so more people than not share my optimism

[SueEllen]

10.2 million SA were submitted last year, so more people than not share my optimism

You mean more people haven't shared the petition.

The number has gone up 2k overnight.

[Zero Liability]

People are missing the point over quarterly tax returns. Its HMRC's objective to eventually migrate everyone to monthly tax billing. Moving to quarterly will just be a step in the process.

Meekly accept quarterly returns by all means but dont whinge when a few years after you're all told you'll now have to submit monthly returns and payments.

Wont bother me because I'll be back in retirement with my feet up. Hey ho!

That's exactly right.