Apparently HMRC scrutinise more closely the returns and affairs of higher earners if they do not submit them via a reputable professional accountant/adviser.
I’ve heard that too Marshall albeit from my accountant. I think notwithstanding the ‘well he would say that wouldn’t he’ ingredient there may be some truth in it.
Often wonder how much scrutiny is actually applied as long as your job, investments and expenditure aren’t massively out of whack. Do they genuinely cross-check and triangulate between my various savings accounts paying me crappy levels of interest?
There is something to all of this - any decent accountant will require evidence as to the client’s tax situation before signing off on the return, evidence of any deductions and reliefs being claimed etc.
Only caveat is that the bar for being deemed sufficiently HNW for anyone at HMRC to give a flying fvck about your specific tax return is probably mega mega - well above the level of a run of the mill partner at a city law firm, I’d think.
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How much is HMRC refunding you?
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4 grand as it goes, if you ignore payments on account for 23/4.
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I pay for mine to be bossed by professional advisors
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So if HMRC owes you money why wait till the Jan deadline?
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Er because I only found out once I'd done the return.
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Laz it's your shout. I paid 16 quid for the software and it took me about 90 minutes all in. How am I doing?
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What software is this?
My accountant retired so did mine manually this year. Wasn't a killer, but wasn't hugely fun.
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Seeing as Hugey’s role as paraweazel is fully PAYE, I guess the return is needed for his EBay trading in model toys.
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I did mine about 4 months ago m8s
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Apparently HMRC scrutinise more closely the returns and affairs of higher earners if they do not submit them via a reputable professional accountant/adviser.
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Do they have a list of non reputable professionals? If so I’d be asking for an foi response!
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Not sure about a list, but probably a solid firm been going years is trusted more than a glitzy new outfit.
And HMRC deffo take a keener interest in folks who are constantly changing their accountants.
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I’ve heard that too Marshall albeit from my accountant. I think notwithstanding the ‘well he would say that wouldn’t he’ ingredient there may be some truth in it.
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Often wonder how much scrutiny is actually applied as long as your job, investments and expenditure aren’t massively out of whack. Do they genuinely cross-check and triangulate between my various savings accounts paying me crappy levels of interest?
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There is something to all of this - any decent accountant will require evidence as to the client’s tax situation before signing off on the return, evidence of any deductions and reliefs being claimed etc.
Only caveat is that the bar for being deemed sufficiently HNW for anyone at HMRC to give a flying fvck about your specific tax return is probably mega mega - well above the level of a run of the mill partner at a city law firm, I’d think.
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I can see the issue with chafing accountants every 5 minutes. Puts you in the same camp as Trump and his very many lawyers.
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Or even changing.
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