VAT, Payroll & Tax - The Book-keepers Forum (UK)

class71 · class71

Afternoon All, I've hit a problem that I can seem to find an answer to. I'm doing some year end accounts but was unfortunate to take off the accounts when they were in a right pickle and things were been posted correctly or not at all !! However, I can't seem to work out why my VAT liability account is the cor...

googoomae · googoomae

Can somebody please help. I use sage for my VAT returns however this time when I calculate it comes up with the message 1745 transactions found but 918 unreconciled and before period. The question is do I include these or not and if not why? Thanks all in advance

Julie Hall · Julie Hall

Hi there, I have a client who collects debts for their client (debt management company) my client has paid an invoice relating to baliffs/high court fees which have VAT (on behalf of their client) on and has then charged their client these fee with VAT on, normally all court fee are classed as disburse...

AICB · AICB

A new (in both senses) subcontractor has started doing work for my client. I think it's the first time he's been verified by HMRC and this process puts him into the High Deduction bracket. Is there anything I could suggest that he could do, that would help him be assessed for the lower deduction band...

Wella · Wella

Has any one done year end accounts for a bed and breakfast establishment? This particular B&B has three dedicated bedrooms, a lounge for guests, and a small office, which is pretty straight forward, with regard to expenses, repairs & renewals etc. which are directly associated with thes...

saraunderwood · saraunderwood

Hi all, One of my client's has had an accident in his company car which was the fault of the other driver. Repairs have been completed as agreed with the other driver's insurance company. However, the client has now received an invoice from the insurance company for the VAT element of the cost of the rep...

becksy · becksy

I have some work to do for small hairdressers, which is operated as a sole trader partnership with two partners. They have one employed staff doing 37.5 per week and has been there coming for 4 years. The person employed is not always covering her pay, and can be often sick, or absent of a day. In this c...

Rusty · Rusty

A client has just sent me a VAT only invoice. They failed to put VAT on the invoice which was for expenses. Could anyone tell me how to raise a VAT only invoice in Quickbooks so that I don't throw all the figures out? They have cashed the payment for the original amount. Many thanks.

Wella · Wella

Hi All Hoping some one will confirm that I have understood HMRC correctly. My client is on VAT cash accounting and has paid a pro forma invoice to pre pay for goods. My understanding is that, with cash accounting, the tax point is created on the date goods or services are paid for, and that the purchase an...

Suffolker · Suffolker

I was just wondering if it is possible for me to register as an agent online to file vat returns without actually having a clients vat return to file at the moment? I have afew clients who in the future will be wanting their returns filed online but not quite yet. I thought I would see if I could register as...

CD · CD

HIIve been asked in my exam to allocate a tax code to a person, who was described as Mrs A.T. and was born 30/08/39. For a start I struggle to decide whether this person should be classified as a married person or a single person? Ive worked out that Mrs AT as a single person would have tax code P903 as a marri...

CD · CD

Hi Please can anyone help me? I am very confused about the methods, by which directors pay their NI Contribution in Sage. Ive read few posts on the forum, and as far as I understand, the directors method is the exact percentage one used. So If I select from Director Status: Director (Table method) I sho...

kjsmith · kjsmith

I have decided to take on some book-keeping (qualified AAT & ACCA) since having my daughter. I completed my first Self Assessment Form which would have resulted in the guy getting a £950 refund. He wasn't happy with this as he had been told by a Accountancy Practice he could get £2k back although...

becksy · becksy

Hello, Gosh I'm new to this forum and wonder if anyone can help. I have a customer who is a small builder and is registered as a Contractor. He used a local company for some groundworks, and was quoted a price, which was accepted. My builder was told that this other company had a full certifiate and pai...

anthom-v · anthom-v

HiI have a query on VAT on deposits. We run a kitchen company and customers pay us a deposit when we close the sale. I have been told that we should not pay VAT on this payment until the kitchen has been supplied and paid in full by the customer as any time before this he could cancel his order and claim his dep...

jonnyolivier · jonnyolivier

Hi I have recently started doing the book keeping for a company who rent a number of properties commercially (about 150). Rather than pay on invoice this company pays according to the terms of the lease to cut down on the amount of invoice processing. When they taken on a site they have asked for proo...

Wella · Wella

My turn to ask for a bit of advise. I have a VAT registered client, who is a bit slack with his paper work (understatement!) Quite often I come across payments for purchases/ expenses that do not have a VAT invoice. Either it is missing completely, or isn't a VAT invoice (particularly if it is an interne...

Chriss · Chriss

Please can someone advise me how to correct an error made in the VAT control account and director expense account, it is a small amount of £86, the T1 code was used instead of T9, this was included on the last quarter VAT return. Do I debit director a/c & credit VAT a/c and then manually adjust the nex...

Old Bloke · Old Bloke

Was talking to a prospective client (Ltd Co) today -- he does business coaching (as a franchisee), turnover is a little way short of the VAT threshold, but he is 'voluntarily' VAT registered (I say 'voluntarily' because his franchisor insists he registers). He also lets student property. He has a...

buckland10 · buckland10

Hi, we provide marketing consultancy via social media to a company based in Switzerland. Place of supply is the UK, so do we charge VAT on our invoices or not?

Topic		Started By	Replies	Views	Last Post
	VAT Liability account in Sage (Preview) Afternoon All, I've hit a problem that I can seem to find an answer to. I'm doing some year end accounts but was unfortunate to take off the accounts when they were in a right pickle and things were been posted correctly or not at all !! However, I can't seem to work out why my VAT liability account is the cor...	class71	7	7374	Wed Oct 6 20:14 2010 by Stardoe
	Vat on Sage - Urgent help needed!!! (Preview) Can somebody please help. I use sage for my VAT returns however this time when I calculate it comes up with the message 1745 transactions found but 918 unreconciled and before period. The question is do I include these or not and if not why? Thanks all in advance	googoomae	8	6135	Wed Oct 6 17:08 2010 by PhilMcTankup
	VAT on Baliffs Costs (Preview) Hi there, I have a client who collects debts for their client (debt management company) my client has paid an invoice relating to baliffs/high court fees which have VAT (on behalf of their client) on and has then charged their client these fee with VAT on, normally all court fee are classed as disburse...	Julie Hall	3	1399	Tue Oct 5 22:05 2010 by RobH
	CIS sub-contractors: ways to get reduced deductions (Preview) A new (in both senses) subcontractor has started doing work for my client. I think it's the first time he's been verified by HMRC and this process puts him into the High Deduction bracket. Is there anything I could suggest that he could do, that would help him be assessed for the lower deduction band...	AICB	2	1505	Tue Oct 5 18:58 2010 by AICB
	B&B Expenses (Preview) Has any one done year end accounts for a bed and breakfast establishment? This particular B&B has three dedicated bedrooms, a lounge for guests, and a small office, which is pretty straight forward, with regard to expenses, repairs & renewals etc. which are directly associated with thes...	Wella	4	5242	Tue Oct 5 16:11 2010 by Wella
	VAT on car insurance claim (Preview) Hi all, One of my client's has had an accident in his company car which was the fault of the other driver. Repairs have been completed as agreed with the other driver's insurance company. However, the client has now received an invoice from the insurance company for the VAT element of the cost of the rep...	saraunderwood	7	14606	Tue Sep 28 12:32 2010 by Wella
	Redundancy and chair rental (Preview) I have some work to do for small hairdressers, which is operated as a sole trader partnership with two partners. They have one employed staff doing 37.5 per week and has been there coming for 4 years. The person employed is not always covering her pay, and can be often sick, or absent of a day. In this c...	becksy	4	2032	Tue Sep 28 11:49 2010 by becksy
	Quickbooks 2006 Pro (Preview) A client has just sent me a VAT only invoice. They failed to put VAT on the invoice which was for expenses. Could anyone tell me how to raise a VAT only invoice in Quickbooks so that I don't throw all the figures out? They have cashed the payment for the original amount. Many thanks.	Rusty	4	1774	Fri Sep 24 11:39 2010 by Merlion ABS
	VAT + Pro Forma Invoice + Cash Accounting (Preview) Hi All Hoping some one will confirm that I have understood HMRC correctly. My client is on VAT cash accounting and has paid a pro forma invoice to pre pay for goods. My understanding is that, with cash accounting, the tax point is created on the date goods or services are paid for, and that the purchase an...	Wella	5	7465	Wed Sep 22 08:14 2010 by Wella
	Registering As A VAT Agent (Preview) I was just wondering if it is possible for me to register as an agent online to file vat returns without actually having a clients vat return to file at the moment? I have afew clients who in the future will be wanting their returns filed online but not quite yet. I thought I would see if I could register as...	Suffolker	8	1891	Fri Sep 17 17:16 2010 by Suffolker
	Tax codes (Preview) HIIve been asked in my exam to allocate a tax code to a person, who was described as Mrs A.T. and was born 30/08/39. For a start I struggle to decide whether this person should be classified as a married person or a single person? Ive worked out that Mrs AT as a single person would have tax code P903 as a marri...	CD	6	2049	Fri Sep 17 17:14 2010 by CD
	Directors NI Contribution methods (Preview) Hi Please can anyone help me? I am very confused about the methods, by which directors pay their NI Contribution in Sage. Ive read few posts on the forum, and as far as I understand, the directors method is the exact percentage one used. So If I select from Director Status: Director (Table method) I sho...	CD	2	2962	Thu Sep 16 22:59 2010 by CD
	Self Assessment - Sole Trader Expenses (Preview) I have decided to take on some book-keeping (qualified AAT & ACCA) since having my daughter. I completed my first Self Assessment Form which would have resulted in the guy getting a £950 refund. He wasn't happy with this as he had been told by a Accountancy Practice he could get £2k back although...	kjsmith	7	3071	Thu Sep 16 09:31 2010 by attilabenko
	CIS payments/ invoices not split between labour and materials (Preview) Hello, Gosh I'm new to this forum and wonder if anyone can help. I have a customer who is a small builder and is registered as a Contractor. He used a local company for some groundworks, and was quoted a price, which was accepted. My builder was told that this other company had a full certifiate and pai...	becksy	1	5835	Wed Sep 15 19:34 2010 by Susie Sue
	VAT on deposits (Preview) HiI have a query on VAT on deposits. We run a kitchen company and customers pay us a deposit when we close the sale. I have been told that we should not pay VAT on this payment until the kitchen has been supplied and paid in full by the customer as any time before this he could cancel his order and claim his dep...	anthom-v	1	6612	Tue Sep 14 14:34 2010 by Wella
	VAT on multiple commercial properties (Preview) Hi I have recently started doing the book keeping for a company who rent a number of properties commercially (about 150). Rather than pay on invoice this company pays according to the terms of the lease to cut down on the amount of invoice processing. When they taken on a site they have asked for proo...	jonnyolivier	2	1339	Tue Sep 14 09:55 2010 by jonnyolivier
	Unclaimed VAT on Purchase Invoices (Preview) My turn to ask for a bit of advise. I have a VAT registered client, who is a bit slack with his paper work (understatement!) Quite often I come across payments for purchases/ expenses that do not have a VAT invoice. Either it is missing completely, or isn't a VAT invoice (particularly if it is an interne...	Wella	9	5511	Mon Sep 13 15:51 2010 by BackOfficeGroup
	How do I correct for an error made in VAT a/c (Preview) Please can someone advise me how to correct an error made in the VAT control account and director expense account, it is a small amount of £86, the T1 code was used instead of T9, this was included on the last quarter VAT return. Do I debit director a/c & credit VAT a/c and then manually adjust the nex...	Chriss	0	992	Sun Sep 12 11:25 2010 by Chriss
	VAT query (Preview) Was talking to a prospective client (Ltd Co) today -- he does business coaching (as a franchisee), turnover is a little way short of the VAT threshold, but he is 'voluntarily' VAT registered (I say 'voluntarily' because his franchisor insists he registers). He also lets student property. He has a...	Old Bloke	6	1955	Fri Sep 10 18:12 2010 by Susie Sue
	VAT on services to Swiss company (Preview) Hi, we provide marketing consultancy via social media to a company based in Switzerland. Place of supply is the UK, so do we charge VAT on our invoices or not?	buckland10	1	3743	Fri Sep 10 14:51 2010 by Janie
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