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

djglowa · djglowa

Hi! Can anyone explain how VAT on acquisition works.We have bought goods from a VAT registered business in EU Member State which are 'zero-rated' due to a single market rule.Now we have to account for the VAT on the goods which we have acquired,thus e.g. we are buying computers from German for £100(no...

Just Fascinating · Just Fascinating

Good evening allIs there an acceptable Business/Private split for tax purposes in relation to Telephone & Internet costs for a Sole Trader?The sole trader only has one phone. The Internet contract covers both home and office.Ive searched HMRC website & somehow going in circles with no a...

hunyb · hunyb

Hi I am new to this forum, I've just completed the VAT return for my boss but ohhhh I'm going to be in some trouble I think? I put everything onto sage and reconciled the bank and after the VAT was done I realised that I had not dealt with three months of contra invoices (forgetting that the company was cash a...

Wella · Wella

Just to satisfy my own curiosity, I am going to pose a scenario based on a real life situation to see if anyone has opinion as to the legalities. A new company (Ltd) started trading and took on several employees at the beginning of Feb. Due to changes in circumstances, several were made redundant, incl...

Alia · Alia

Hi there every one! I have question about VAT in restaurant and catering business. as most food bought is zero rated, restaurants have enormus VAT costs. Can anyone suggest any scheme? How does this flat rate scheme works. Many thanks and have nice evening

djglowa · djglowa

Hi! I'm getting confused about trading goods with other business in EU.I know that if the other business is VAT registered the supply can be "zero rated",but as i understand this is just an option not legal obligation.Therefore we would like to charged them with appropriate VAT rate and a...

Noola · Noola

Sorry for the numerous threads this week. A client has rang saying that he is thinking of taking a new employee on doing 30 hours at minimum wage. He wants to know what the implications would be and if it would be worth taking them on or would he be paying out too much. I take it he means employers NIC. I've ha...

Noola · Noola

Hi I have taken over the job of Payroll clerk in an Accountants and previously having only processed 1 company Payroll I am now doing around 20! Previously I would process the payroll on a tuesday and put the processing date as the sunday of the last week so it picks up the 7 days monday to sunday. However w...

Noola · Noola

Could someone point me in the right direction with regards to the holiday scheme on the HMRC website. I've had a client ring up to say she has heard the holiday scheme (for CIS? always thought CIS subbies don't get holiday pay) is ending sometime in October. She would like me to find out the exact date tha...

kez · kez

I am about to do a VAT return for a garage, and the owner said some transactions are VAT Qualifying vehicles. Can someone explain to me what that means, and how they are treated differently from normal sales and purchases. Thanks

Luka MC · Luka MC

There are three companies in ABC group of companies. A the holding company, B is wholly owned by A while C is partly owned. A is VAT registered, B is not and C is registered under a different VAT grouping outside of ABC. All the assets and infrastructure used by A, B and C are owned by A. All services (utilit...

Patricia Wallace · Patricia Wallace

Could anyone advise me on how to handle the Tour Operators Margin Scheme on Sage. None of their manuals seem to cover it. Any advice would be appreciated.

Moonraker · Moonraker

Hi All, I have a client that has two companies, the main company is for the retail side of the business whist the other company sells franchises in the business. Occsionally some expenses relating to the franchise business are paid by the main company and are subsequently charged back to the franch...

pDm · pDm

I have a client who, when he recieves a job enquiry issues what he calls a "Deposit Invoice". Essentially this is a very elaborate quote asking for 50% up front before work will commence. If the buyer decides to go with the estimate they pay the 50% and this triggers the work to commence. But i...

QBE Book-Keeping · QBE Book-Keeping

I have a client who is wanting to fill in a Return SA800 for an LLPThe LLP does property renovations, buying and selling. This is the first return with a property sale in it (accounts ending June 2011) First question is : As the business turnover is profit from sale of property do they record this in the...

Noola · Noola

I have been notified by a company that they haven't received Octobers payslip for HMRC in the post. Is there a way of printing one. If not how would I deal with this? Thanks

linda19 · linda19

Is it correct that when a company is not vat reg , but in time may be !! they are able to go back 3 years after registration and claim the vat back?? and if so how do you enter the purchase invoices on sage ?? I am not sure if i have explaned that very well !!

SuzanneD · SuzanneD

Hi All Can anyone tell me if airline flights are subject to VAT. I need to input a figure into Sage and need to know whether to calculate a VAT amount. Thanks!

Dupont · Dupont

I have just sold my retail business after nine years, along with the transfer of the lease. I know the sale is a TOGC which I'm ok with. I used an agent to find a buyer for the business (£5k + VAT) and my solicitor has invoiced me for his services too (5k + VAT). I'm now informed that because no profit was made...

sekeith · sekeith

Greetings everyone, I recently started working at a Non-Profit organization and have been using this software. When entering invoices I know that F5 will copy the value entered into the above text into that single cell. Additionally F6 will copy the entire row above into the row being entered. My qu...

Topic		Started By	Replies	Views	Last Post
	VAT on acquisition (Preview) Hi! Can anyone explain how VAT on acquisition works.We have bought goods from a VAT registered business in EU Member State which are 'zero-rated' due to a single market rule.Now we have to account for the VAT on the goods which we have acquired,thus e.g. we are buying computers from German for £100(no...	djglowa	1	1144	Sat Oct 13 00:47 2012 by leshoward
	Sole Trader – Telephone & Internet costs acceptable split? (Preview) Good evening allIs there an acceptable Business/Private split for tax purposes in relation to Telephone & Internet costs for a Sole Trader?The sole trader only has one phone. The Internet contract covers both home and office.Ive searched HMRC website & somehow going in circles with no a...	Just Fascinating	15	1764	Fri Oct 12 16:39 2012 by YLB-HO
	Contra Invoices & VAT Cash Accounting (Preview) Hi I am new to this forum, I've just completed the VAT return for my boss but ohhhh I'm going to be in some trouble I think? I put everything onto sage and reconciled the bank and after the VAT was done I realised that I had not dealt with three months of contra invoices (forgetting that the company was cash a...	hunyb	5	3404	Fri Oct 12 06:46 2012 by hunyb
	Employed - Redundant - Employed (Preview) Just to satisfy my own curiosity, I am going to pose a scenario based on a real life situation to see if anyone has opinion as to the legalities. A new company (Ltd) started trading and took on several employees at the beginning of Feb. Due to changes in circumstances, several were made redundant, incl...	Wella	3	1103	Thu Oct 11 01:07 2012 by Wella
	VAT for restaurants (Preview) Hi there every one! I have question about VAT in restaurant and catering business. as most food bought is zero rated, restaurants have enormus VAT costs. Can anyone suggest any scheme? How does this flat rate scheme works. Many thanks and have nice evening	Alia	4	4478	Wed Oct 10 16:57 2012 by Alia
	VAT on removals (Preview) Hi! I'm getting confused about trading goods with other business in EU.I know that if the other business is VAT registered the supply can be "zero rated",but as i understand this is just an option not legal obligation.Therefore we would like to charged them with appropriate VAT rate and a...	djglowa	0	938	Tue Oct 9 21:53 2012 by djglowa
	Employers NIC implications when taking on a new employee (Preview) Sorry for the numerous threads this week. A client has rang saying that he is thinking of taking a new employee on doing 30 hours at minimum wage. He wants to know what the implications would be and if it would be worth taking them on or would he be paying out too much. I take it he means employers NIC. I've ha...	Noola	4	1603	Tue Oct 9 18:54 2012 by Shamus
	Sage Payroll a few questions please help (Preview) Hi I have taken over the job of Payroll clerk in an Accountants and previously having only processed 1 company Payroll I am now doing around 20! Previously I would process the payroll on a tuesday and put the processing date as the sunday of the last week so it picks up the 7 days monday to sunday. However w...	Noola	6	1823	Tue Oct 9 17:59 2012 by Noola
	Holiday scheme ending? (Preview) Could someone point me in the right direction with regards to the holiday scheme on the HMRC website. I've had a client ring up to say she has heard the holiday scheme (for CIS? always thought CIS subbies don't get holiday pay) is ending sometime in October. She would like me to find out the exact date tha...	Noola	3	972	Mon Oct 8 11:52 2012 by Noola
	VAT Qualifying Vehicles (Preview) I am about to do a VAT return for a garage, and the owner said some transactions are VAT Qualifying vehicles. Can someone explain to me what that means, and how they are treated differently from normal sales and purchases. Thanks	kez	2	3581	Mon Oct 8 15:33 2012 by Figurate
	VAT on inter company management charge invoices (Preview) There are three companies in ABC group of companies. A the holding company, B is wholly owned by A while C is partly owned. A is VAT registered, B is not and C is registered under a different VAT grouping outside of ABC. All the assets and infrastructure used by A, B and C are owned by A. All services (utilit...	Luka MC	2	3791	Mon Oct 8 03:02 2012 by Luka MC
	TOMS Tour Operators Margin Scheme (Preview) Could anyone advise me on how to handle the Tour Operators Margin Scheme on Sage. None of their manuals seem to cover it. Any advice would be appreciated.	Patricia Wallace	1	2379	Mon Oct 8 02:27 2012 by leshoward
	VAT (Preview) Hi All, I have a client that has two companies, the main company is for the retail side of the business whist the other company sells franchises in the business. Occsionally some expenses relating to the franchise business are paid by the main company and are subsequently charged back to the franch...	Moonraker	1	1396	Mon Oct 8 02:17 2012 by leshoward
	estimates vs invoices: when is the tax point? (Preview) I have a client who, when he recieves a job enquiry issues what he calls a "Deposit Invoice". Essentially this is a very elaborate quote asking for 50% up front before work will commence. If the buyer decides to go with the estimate they pay the 50% and this triggers the work to commence. But i...	pDm	5	1525	Sat Oct 6 22:25 2012 by Don Tax
	LLP and Profit from sale of property (Preview) I have a client who is wanting to fill in a Return SA800 for an LLPThe LLP does property renovations, buying and selling. This is the first return with a property sale in it (accounts ending June 2011) First question is : As the business turnover is profit from sale of property do they record this in the...	QBE Book-Keeping	0	640	Fri Oct 5 18:47 2012 by QBE Book-Keeping
	HMRC Payslip lost in post (Preview) I have been notified by a company that they haven't received Octobers payslip for HMRC in the post. Is there a way of printing one. If not how would I deal with this? Thanks	Noola	2	2036	Fri Oct 5 19:22 2012 by Noola
	Vat (Preview) Is it correct that when a company is not vat reg , but in time may be !! they are able to go back 3 years after registration and claim the vat back?? and if so how do you enter the purchase invoices on sage ?? I am not sure if i have explaned that very well !!	linda19	2	1072	Thu Oct 4 18:23 2012 by linda19
	VAT on Flights (Preview) Hi All Can anyone tell me if airline flights are subject to VAT. I need to input a figure into Sage and need to know whether to calculate a VAT amount. Thanks!	SuzanneD	3	2046	Wed Oct 3 17:16 2012 by leshoward
	Why can't I claim Vat for solicitor +agent fees? (Preview) I have just sold my retail business after nine years, along with the transfer of the lease. I know the sale is a TOGC which I'm ok with. I used an agent to find a buyer for the business (£5k + VAT) and my solicitor has invoiced me for his services too (5k + VAT). I'm now informed that because no profit was made...	Dupont	5	12316	Fri Sep 28 22:18 2012 by Brewsie
	Sage Fund Accounting Question (Preview) Greetings everyone, I recently started working at a Non-Profit organization and have been using this software. When entering invoices I know that F5 will copy the value entered into the above text into that single cell. Additionally F6 will copy the entire row above into the row being entered. My qu...	sekeith	1	946	Thu Sep 27 03:50 2012 by fin6y
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