tim.... (tims_new snipped-for-privacy@yahoo.co.uk) wibbled on Saturday 26 February 2011
18:15:
I agree, once you get past the fairly onerous registration procedure (which to be fair, is onerous in an attempt at being secure).
It's as near to being "click sod all to do a nil return" as it reasonably can be - rather than the paper form that requires zeros everywhere. And at least it runs on firefox/linux - unlike their first attempt back in 1997 +/- that was a pure windows program...
They will accept late ones on paper, and automatically issue a fine for late submission (possibly reduced to zero if no tax is owed).
Note there are two deadlines for paper submissions as well, one for submission without calculation, which has the earlier date to allow them to calculate the tax and send a bill etc. There is a later date for submissions on paper with calculations.
Generally however they are pushing for online filing - especially for business "customers" where online is now mandatory and the only acceptable way for some returns.
It may be because the online process is not fully online. You can register and complete a return online, however the supplying of the access code and pin etc are done by post. If you already have access details for the site then no doubt one could gain access from abroad via VPN or proxy if direct access is blocked.
Don't laugh, but in the first few years of online filing, that is exactly what the HMRC web site did! They re-keyed everything you entered into their old system for the actual calculations to be repeated.
In message , John Rumm writes
They then went to a system which was always closed for maintenance for the week when returns were due [1]
Then a system that wasn't but crashed all the time
They finally seem to have got their act together a bit more now
[1] - referring to EOY online submissions here
No it goes through the HMRC gateway - to use it you need to have been through the pre-filing registration process, which I did years back
No for 'normal' returns it's quicker if you're a previous user, since the previous return is rolled forward as the default for the new one. Since coming here I've used a corresponding Australian service, though this is a web service rather than a program running on your own computer.
If I'd realised that a zero tax due paper return filed late would attract a zero penalty I would have done that though. I was past the deadline, since I thought that if I sent a letter saying I had no income, HMRC would just scrub the return required flag on their system.
A pity they never exteded that to land instead.
I am sure Investment bankers would be united in their support for Dribble if they knew there was a chance of introducing a tax system that would leave them paying next to no tax.
Are you suggesting Dribble is some kind of banker? ;-)
Close.
Big snip
I drink with someone who reckons he is worth a million pounds and he says both he and his wife want for nothing. They change cars everytime the guarantee runs out and has owned some impressive cars in the past. Aston Martin, Alvis etc.
He is a very nice man and never flaunts his wealth. He is out in Tobago at the moment, but when he comes in for a pint, we always have a very good chat and laugh about the old days and that is very important to him. Me as well, if I admit it. He is 89 and I will be 65 this year.
Dave
I don't think so, but the word does rhyme :-)
Dave
A DIY lister called drivel made joints that didn't just dribble The joints that he made with his cheap hacksaw blade gushed and flowed all over the place and flooded half of milton keynes before they came and turned off the supply and took him away in a straitjacket still ranting over the advantages of having two condensing boilers instead of one
Well you didn't really expect it to rhyme, did you?
With that big an age difference, is it not the case that when you are talking about the "old days", you are very far from talking about the same days?
I moved my business to the Isle of Man,for tax accounting. although i now spend a lot of time away in the sun i still love this green and pleasant land too much to leave permanently.
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He's probably worth rather more than a million pounds, then.
Well I know a few who are worth around 40, 95, and 180 million and I wouldn't say they are any happier than the average Joe on the streets;!...
Quite likely, but my point was that you need rather more than a million pounds to live a millionaires lifestyle these days.
Huge gurgled happily, sounding much like they were saying:
Mill in liquid assets, p'raps.
On 03/03/11 12:36, Huge wrote: ..
These days, you need not a million in assets, not a million net-worth, not even a million in the bank, but an annual income of a million (at least) to live a 'millionaire' lifestyle
That was my thinking, also, which probably means you need investments of around 20 to 30 million on top of the 20 million house ... So, to live a millionaire's lifestyle, you need about 40 million.
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