I am responsible for two family trusts and am now advised by HMRC that I need to submit tax returns on-line but need to purchase commercial software for this purpose. Does anyone have experience of this and could recommend any of the 40-odd suppliers listed by HMRC?
I am unclear what tax returns you are referring to, as may HMRC, so would note that Income Tax returns can still be submitted using the paper returns issued by HMRC, with the normal October filing deadline for paper returns.
HMRC may have responded about the requirement to submit VAT returns online under VAT for MTD, where the relevant turnover threshold is exceeded, and there should be six month deferment for trusts to October 2019.
I was asked this question by a trustee recently and, whilst I have not used these products, as we have this facility as agents within our practice software, I suggested that they investigate the following products that seemed fairly reasonable for individual trustees with small scale trust tax returns:
Incidentally, you can still submit paper returns before 31 October so not sure why HMRC advised that you needed to submit returns electronically?
Thank you very much for this, It is two small family discretionary trusts. I have a standard letter in front of me (ref SA316) which says "We won't be sending you a paper tax return so please file your tax return online." However maybe that falls short of an absolute requirement. Later in the letter it says "If for any reason you cant file your tax return online you can print a copy of a return ..." So I think I will try to do that and see what happens.
Thank you very much for this. The standard letter I was sent by HMRC said "We won't be sending you a paper tax return so please file your tax return online." Maybe this falls short of an absolute requirement, so I think I will try to download the usual forms and compete them manually. If that doesn't suffice I will try the interesting links you have kindly set out for me.
http://reibootdownload.com/ This will help you.