Wednesday, August 7, 2013

I'm self employed and have an accountant. Do I have to notify Inland Revenue/anyone else if change accountant

I'm self employed and have an accountant. Do I have to notify Inland Revenue/anyone else if change accountant

United Kingdom - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No.
Answer 2 :
no
Answer 3 :
no
Answer 4 :
You don't have to but if you want them to contact your new accountant, rather than the old one, then it would make sense to let them know. VAT too if he does your returns.
Answer 5 :
no let that all come out when YOU ARE AUDITTED>>>>>
Answer 6 :
only if the inland revenue deals directly with your accountant. they usually deal direct with the person who owes the tax,
Answer 7 :
You are not obliged to notify anyone about the change. But your new accountant will probably ask you sign a form 64-8 which will authorise HMRC to talk to him about your tax affairs. This will replace any previous authority you signed with the old accountant.
Answer 8 :
No you can go to who you want but your new one may want info from the previous one.
Answer 9 :
You should tell your old accountant so that you don't get a surprise bill a few months down the line for "reminder letters" or "general assistance" or similar a.k.a. time dumped on the clock by junior staff when they have a quiet week in the expectation that they'll be able to hide it in your next bill when they prepare your accounts. If you have your self-employment set up through a company and you use your accountant's address as your registered office you should change that asap. Most accountants don't have ex-clients very high up on their priority list and it could be days before post gets forwarded. As someone else said, if your accountant also does your tax returns and normally deals directly with the Inland Revenue, you should let the Revenue know. While the Revenue are supposed to send copies of enquiry notices etc to you and only a copy to the agent, nobody's perfect. If your new accountant is taking over your tax, sign a 64-8 for him and they will tell the Revenue for you.
Answer 10 :
If you want your accountant to get information on your tax affairs, then yes. But your new accountant should do this for you if they are worth their salt! They'll fill out a form 64-8 and ask you to sign it to authorise them to receive information directly from HMRC re your tax. If you do not want your accountant to be contacted directly by HMRC there is no need to tell them.
Answer 11 :
no you dont have to. normally your new accountants will contact your old accountant with a clearence letter asking if they have any objections why they should not act on your behalf. they will also ask for bit of information such as copy of last accounts, tax return, outstanding tax bills etc.. if they are given the all clear, only after clearence can they ask you to sign a 64-8 form which basically give your authorisation for the Inland revenue to disclose and correspond with your new accountants. assuming that the old accountants already had this authorisation, it is important that a 64-8 by submitted by the new accounts to ensure any correspondance from the revenue goes to the right place. got 10 years of practice experience so i know what mess this can get you into if not done correctly.

Read more other entries :