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

Michelle Caldwell · Michelle Caldwell

Hi, I'm hoping somebody can tell me where I'm going wrong. I've always reconciled the VAT accounts on an invoice basis, but have recently joined a company who do their VAT on a cash basis. The control accounts don't seem to have been reconciled...ever! So far I've taken the balances of the three con...

Count1314 · Count1314

Am I right in thinking that the maximum pay that a director can pay himself for 2013-2014 is £7,755 for the year (i.e., the NIC threshold)? Also, if this is the case and the director avoids paying tax and specifically NIC, does this pay somehow count towards the directors NIC/Pension records even thou...

Emmy179 · Emmy179

Hi guys, I was just wondering if you could give me any pointers on how to explain the purpose of the Sales Tax Account? I understand the general idea of this but wasn't sure if it was the same as the VAT control account? Many thanks in advance! -- Edited by Emmy179 on Wednesday 20th of March 2013 09:46:09 AM...

linda19 · linda19

We are paid with a payment certificate each week which has measured works and then a retention taken off , Vat added and the 20 % Labour tax taken off. I want to enter these on sage as a sales invoice going to 4000 , but do i put a credit note through for the 20% tax so when i enter the bank payments the amounts wi...

Noola · Noola

Some of our payroll clients say they were signed up for the NIC Holiday however it seems that the employers NI was never deducted when the previous payroll clerk used to give them the PAYE amount each month. Some have the confirmation print out from HMRC confirming that they qualify and some don't. T...

Cheshire · Cheshire

Hi I know Im being really thick today but hope someone can help I have a customer invoice to key which is in euros - normally I just key once the amount in sterling once the payment has been received. (I have an old version of sage that does not allow for currencies!) This time the Germans have taken some fu...

ghis · ghis

Hi all, I would like to some advice. My husband is VAT registered he's turnover has reduced over the last 12 months and he is under the threshold now. We are talking about coming out of VAT. I could never really get my head about the benfits of been VAT registered. I understand the process of VAT but not th...

Georgie · Georgie

Hi everyone, I have just taken on a new payroll client and both of my professional bodies have as yet not updated their sample letters of engagement regarding the new RTI waffle. Has anyone got any pointers as to what I should include in my letter of engagement? Best wishes Georgie

Princess · Princess

A Ltd Client of mine has bought a sole trader's business. When I say bought the business it is basically an address book of customer names and they will take over the services provided to those customers. I have read up on amortisation of goodwill on the HMRC website but am not 100% clear. Can I write it...

QBE Book-Keeping · QBE Book-Keeping

I have a client who is self employed and last year earnt below the threshold. He has asked that if he moved in with his girlfriend, who is on income support, would they be able to claim working tax credit?

Marky65 · Marky65

Hi Continuing my day of 'should be knowing the answer to this but don't' I have a client who has just registered for CIS and he wants me to do the returns and I am just trying to do the online agent authorisation through the HMRC website, I thought that the Employers Reference and the Accounts Office Refer...

Princess · Princess

I have a client who employs coaches that run sports clubs in various village halls. They travel from home to the halls, run the classes and then go home again. They travel to a number of halls each. My client has a home office but the coaches have no reason to go there so it is only the travel to halls. Wo...

Mark M · Mark M

We seem to get emails from HMRC notifying us to log in and see tax code notices at seemingly random intervals. Sometimes we have new notices, but 2/3 times we don't. We also are outsourced payroll agents for some small companies although we do not have on-line access to their P9 notices. Could it be we ar...

Marky65 · Marky65

Hi Just having one of those moments when I know that I should know the answer to this but can't think of it A client, who is CIS registered whose business is to supply and install lift elevators, has carried out repairs only to a lift elevator situated in a hotel. Is this repair liable to CIS deduction Tha...

Peasie · Peasie

http://www.hmrc.gov.uk/agents/strategy/agentview.htmHM Revenue & Customs' (HMRC's) 'agent view' will bring information together about agents and their clients' filing, payment or compliance perform...

claireb · claireb

Im really quite concerned about how 'prepared' the HMRC are for RTI I am an agent for a very few clients for payroll, and have spent over 3 hours on the phone today with the HMRC, at my expense, getting nowhere! I thought this is meant to be reducing administration time! I would advise all payroll agents o...

BennyT · BennyT

My client has received a letter from the revenue regarding VAT initiative campaign. What has happened is that the clients previous accountant submitted the tax return for the years 2009 and 2010 with the turnover exceeding the vat threshold but clearly did not register for vat. The clients turnove...

Samilou67 · Samilou67

Hi all I have a client who has been advised after their first year of trading that they must register for VAT but that because their customers are mainly non VAT registered people they need to pay a flat rate of 7.5%. I have set them up on Sage in the settings as flat rate cash based at 7.50% but not sure where...

KEELY · KEELY

Hi I have a client who is a public house and has had to register for machine games duty. I have read loads of articcles from HMRC about the returns for MGD but to be honest none of them seem to make sense. The client use to pay vat on their share of the profits from the games machines, so going forward with th...

Noola · Noola

boo hiss I can't seem to find anything set in stone online regarding what to do with payrolls that just have the Director being processed each week/month when they take a small wage. How on earth can we supply HMRC with their weekly hours and hourly rate? Will there be an option in the payroll system to d...

Topic		Started By	Replies	Views	Last Post
	Reconciling the VAT Control Accounts on Sage using a cash accounting system (Preview) Hi, I'm hoping somebody can tell me where I'm going wrong. I've always reconciled the VAT accounts on an invoice basis, but have recently joined a company who do their VAT on a cash basis. The control accounts don't seem to have been reconciled...ever! So far I've taken the balances of the three con...	Michelle Caldwell	5	12545	Thu Mar 21 20:33 2013 by Sheelagh
	Directors pay - Below the threshold (Preview) Am I right in thinking that the maximum pay that a director can pay himself for 2013-2014 is £7,755 for the year (i.e., the NIC threshold)? Also, if this is the case and the director avoids paying tax and specifically NIC, does this pay somehow count towards the directors NIC/Pension records even thou...	Count1314	18	4545	Wed Mar 20 18:31 2013 by Tom McClelland
	Purpose of the Sales Tax Account VAT sales tax (Preview) Hi guys, I was just wondering if you could give me any pointers on how to explain the purpose of the Sales Tax Account? I understand the general idea of this but wasn't sure if it was the same as the VAT control account? Many thanks in advance! -- Edited by Emmy179 on Wednesday 20th of March 2013 09:46:09 AM...	Emmy179	2	6945	Wed Mar 20 17:23 2013 by Truemanbrown
	CIS Tax - Which N/L Code (Preview) We are paid with a payment certificate each week which has measured works and then a retention taken off , Vat added and the 20 % Labour tax taken off. I want to enter these on sage as a sales invoice going to 4000 , but do i put a credit note through for the 20% tax so when i enter the bank payments the amounts wi...	linda19	0	883	Tue Mar 19 18:29 2013 by linda19
	NIC Holiday checks (Preview) Some of our payroll clients say they were signed up for the NIC Holiday however it seems that the employers NI was never deducted when the previous payroll clerk used to give them the PAYE amount each month. Some have the confirmation print out from HMRC confirming that they qualify and some don't. T...	Noola	1	686	Tue Mar 19 17:30 2013 by Noola
	how to key customer invoice in euros with a tax deduction - in Sage?? (Preview) Hi I know Im being really thick today but hope someone can help I have a customer invoice to key which is in euros - normally I just key once the amount in sterling once the payment has been received. (I have an old version of sage that does not allow for currencies!) This time the Germans have taken some fu...	Cheshire	2	1032	Tue Mar 19 01:56 2013 by Cheshire
	VAT OR NOT VAT ??? (Preview) Hi all, I would like to some advice. My husband is VAT registered he's turnover has reduced over the last 12 months and he is under the threshold now. We are talking about coming out of VAT. I could never really get my head about the benfits of been VAT registered. I understand the process of VAT but not th...	ghis	6	2208	Tue Mar 19 00:09 2013 by Truemanbrown
	RTI letter of engagement (Preview) Hi everyone, I have just taken on a new payroll client and both of my professional bodies have as yet not updated their sample letters of engagement regarding the new RTI waffle. Has anyone got any pointers as to what I should include in my letter of engagement? Best wishes Georgie	Georgie	2	2517	Mon Mar 18 23:58 2013 by Georgie
	Goodwill (Preview) A Ltd Client of mine has bought a sole trader's business. When I say bought the business it is basically an address book of customer names and they will take over the services provided to those customers. I have read up on amortisation of goodwill on the HMRC website but am not 100% clear. Can I write it...	Princess	1	845	Mon Mar 18 23:47 2013 by Truemanbrown
	Working tax credit and self employment (Preview) I have a client who is self employed and last year earnt below the threshold. He has asked that if he moved in with his girlfriend, who is on income support, would they be able to claim working tax credit?	QBE Book-Keeping	1	968	Mon Mar 18 18:00 2013 by Truemanbrown
	Online Agent Authorisation - CIS (Preview) Hi Continuing my day of 'should be knowing the answer to this but don't' I have a client who has just registered for CIS and he wants me to do the returns and I am just trying to do the online agent authorisation through the HMRC website, I thought that the Employers Reference and the Accounts Office Refer...	Marky65	4	1059	Mon Mar 18 15:08 2013 by Marky65
	Travel expenses by sports coaches (Preview) I have a client who employs coaches that run sports clubs in various village halls. They travel from home to the halls, run the classes and then go home again. They travel to a number of halls each. My client has a home office but the coaches have no reason to go there so it is only the travel to halls. Wo...	Princess	6	1656	Fri Mar 15 23:37 2013 by Princess
	P9 emailed notices. (Preview) We seem to get emails from HMRC notifying us to log in and see tax code notices at seemingly random intervals. Sometimes we have new notices, but 2/3 times we don't. We also are outsourced payroll agents for some small companies although we do not have on-line access to their P9 notices. Could it be we ar...	Mark M	7	1369	Fri Mar 15 22:17 2013 by Mark M
	CIS Query (Preview) Hi Just having one of those moments when I know that I should know the answer to this but can't think of it A client, who is CIS registered whose business is to supply and install lift elevators, has carried out repairs only to a lift elevator situated in a hotel. Is this repair liable to CIS deduction Tha...	Marky65	2	3269	Fri Mar 15 19:34 2013 by Marky65
	HMRC Agents - judged on their performance (Preview) http://www.hmrc.gov.uk/agents/strategy/agentview.htmHM Revenue & Customs' (HMRC's) 'agent view' will bring information together about agents and their clients' filing, payment or compliance perform...	Peasie	1	2390	Thu Mar 14 20:06 2013 by Shamus
	RTI / PAYE and the HMRC (Preview) Im really quite concerned about how 'prepared' the HMRC are for RTI I am an agent for a very few clients for payroll, and have spent over 3 hours on the phone today with the HMRC, at my expense, getting nowhere! I thought this is meant to be reducing administration time! I would advise all payroll agents o...	claireb	11	1872	Wed Mar 13 18:26 2013 by claireb
	Vat initiative (Preview) My client has received a letter from the revenue regarding VAT initiative campaign. What has happened is that the clients previous accountant submitted the tax return for the years 2009 and 2010 with the turnover exceeding the vat threshold but clearly did not register for vat. The clients turnove...	BennyT	1	902	Wed Mar 13 15:45 2013 by leshoward
	Accounting for flat rate cash based 7.5% VAT on Sage (Preview) Hi all I have a client who has been advised after their first year of trading that they must register for VAT but that because their customers are mainly non VAT registered people they need to pay a flat rate of 7.5%. I have set them up on Sage in the settings as flat rate cash based at 7.50% but not sure where...	Samilou67	3	3804	Wed Mar 13 05:01 2013 by napster
	MACHINE GAMES DUTY (Preview) Hi I have a client who is a public house and has had to register for machine games duty. I have read loads of articcles from HMRC about the returns for MGD but to be honest none of them seem to make sense. The client use to pay vat on their share of the profits from the games machines, so going forward with th...	KEELY	4	10991	Tue Mar 12 19:42 2013 by Truemanbrown
	RTI and Directors salary and all the other tosh to do with RTI (Preview) boo hiss I can't seem to find anything set in stone online regarding what to do with payrolls that just have the Director being processed each week/month when they take a small wage. How on earth can we supply HMRC with their weekly hours and hourly rate? Will there be an option in the payroll system to d...	Noola	7	1918	Tue Mar 12 20:00 2013 by Shamus
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