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

xantia743 · xantia743

One of my clients is a driving instructor, who got a car on hp then had the car signwritten and I have included the car as an asset written down over 5 years. At the moment he is still employed part time and uses the vehicle to get to and from work so the ratio of private to business mileage is about 60%. I am un...

Wonnov Menny · Wonnov Menny

An employee recently moved house but forgot to mention it, so his details were not updated in Sage Payroll. This resulted in his P60 showing his previous address and the end of year online submission being submitted to HMRC with his old address. All other details were correct, it's just his address w...

LKH1982 · LKH1982

Hello, I currently do the bookkeeping for a small company, and have a question about how to log a loan on Sage. The father of one of the directors lent the company some money, and agreed an interest rate of 4.4%. Subsequently the business has rapaid a portion of this loan. I am very new to this, so was wonde...

ADAS · ADAS

I'm having a few problems with clients at the moment producing incomplete sets of CIS vouchers. Flicking through the paper at the weekend I saw an advert from a company offering the ability to trace missing vouchers. Does anyone know how they do this? My understanding was that HMRC aren't particula...

Amanda · Amanda

Hi, My client has got a VAT refund back from Germany after many months. It was for an exihibition that he did over there. They charged him 19% Vat which he managed to get back eventually. This has not gone on the usual Vat form as its not uk, the company origin is Germany. Plus he didn't get all of it bac...

VATman · A

Hi All I need some help with VAT, please! My client is VAT registered and based in UK. Our goods are manufactured outside EU. Our new customer is also based in UK but collects goods straight from our factory based in Turkey. I'm about to create first invoice for above. Am I supposed to add VAT on the top of c...

Fiona74 · Fiona74

Can anyone please advise if sales to the USA go on a VAT return? Also do purchases from say the USA or China go on the VAT return?

Sammy76 · Sammy76

I need to enter the separate monthly payroll journals onto a clients accounting programme from Aug last year to date. What report do they need to send me so I have all the information to enter including their total wages expenses. I thought everything would be on a P32 but its only showing the payments m...

Stuartbham · Stuartbham

Would the sale of shares go on a tax return if the profit made is less than the annual capital gain exemption? Reason for completing the tax return is for a rental property, no self-employed earnings and the shares are just a small portfolio held for approx 5 years. There's no tax due.

Jen81 · Jen81

Just taken on a new client (woo ghoo!). It's a start up cleaning franchise. Just looking into whether the franchise fee he's paid will be allowable as an expense when I do his next tax return?

Jenny1974 · Jenny1974

My garden centre client is thinking about stocking up on some kindling and logs ready for the cooler months later in the year. We're trying to work out the margins before placing an order and we're stuck on the VAT treatment. Will the sales of the kindling and logs be charged out at the lower rate of 5%, as...

Stuartbham · Stuartbham

I have a client who is a self-employed fisherman. He is VAT registered for this business. However during the off season he's doing some building work for his brother. My client has registered as a subcontractor with HMRC. My question is: because my client is VAT registered for the fishing business,...

Amanda · Amanda

Hi, Any idea what I would charge a Director for Payroll, its straight forward, just one payslip per month and then file online and then P60 at the end. I already do the books but didn't want to do an hourly rate would prefer to give a fix quote on this one. Any help greatly appreciated as always. thanks,

Peasie · Peasie

I have a client (sole trader) that has gone over the VAT threshold. The first VAT return is for one month only which actually doesn't help as it then means the VAT return won't coincide with year end - but I'll worry about that later. My main problem is how to deal with this in either Sage or VT. I have search...

Fabatforty · Fabatforty

Hi Everyone I am new to posting here although I have been stalking for a long while ! I am a fairly newbie to the business - just about to qualify for my AAT L4 and just started working for an accounting practice. I have a simple question: when posting items for companies that are not registered for VAT, sho...

xantia743 · xantia743

Just a quick question. I have just completed this years accounts for one of my clients and he will be due a small rebate. (self assessment) What it will also mean is that the tax he has paid on account will be refunded too. He is due to make a payment of £700 approx to HMRC on 31st July. If I get the self asse...

Peasie · Peasie

I'm doing a VAT return for a client that has just registered for VAT. First time I've had experience of this - all my other clients were already registered. They had to apply for planning permission (three years ago) for a change of use of the property they are renting and had a reasonably large architec...

VinceH · VinceH

I have a letter in front of me from HMRC - "Rejected EC Customer VAT Registratin Number". It basically tells me a VAT registration number I included on an EC Sales List (from September last) has been rejected by the customer's tax authority. A bit of investigation and I soon discover the pro...

smithyt · smithyt

Can I claim monthly donations to Cancer Research on my tax return? Will this save me any tax by doing so?

woody88 · woody88

Happy Sunday all, I have just received an email and have been asked a tricky question from a limited company client who runs a training company. The question is - if the company paid for the training costs for an employee to complete a Phd, would this be allowable against tax. The company currently off...

Topic		Started By	Replies	Views	Last Post
	Private Mileage (Preview) One of my clients is a driving instructor, who got a car on hp then had the car signwritten and I have included the car as an asset written down over 5 years. At the moment he is still employed part time and uses the vehicle to get to and from work so the ratio of private to business mileage is about 60%. I am un...	xantia743	4	1101	Wed May 30 08:16 2012 by xantia743
	Employee's Previous address on P60 (Preview) An employee recently moved house but forgot to mention it, so his details were not updated in Sage Payroll. This resulted in his P60 showing his previous address and the end of year online submission being submitted to HMRC with his old address. All other details were correct, it's just his address w...	Wonnov Menny	3	5280	Wed May 30 05:28 2012 by Wonnov Menny
	Loan to the business from a relative (Preview) Hello, I currently do the bookkeeping for a small company, and have a question about how to log a loan on Sage. The father of one of the directors lent the company some money, and agreed an interest rate of 4.4%. Subsequently the business has rapaid a portion of this loan. I am very new to this, so was wonde...	LKH1982	3	920	Wed May 30 01:32 2012 by Truemanbrown
	CIS Vouchers (Preview) I'm having a few problems with clients at the moment producing incomplete sets of CIS vouchers. Flicking through the paper at the weekend I saw an advert from a company offering the ability to trace missing vouchers. Does anyone know how they do this? My understanding was that HMRC aren't particula...	ADAS	2	1802	Tue May 29 22:07 2012 by ADAS
	VAT refund help in Sage (Preview) Hi, My client has got a VAT refund back from Germany after many months. It was for an exihibition that he did over there. They charged him 19% Vat which he managed to get back eventually. This has not gone on the usual Vat form as its not uk, the company origin is Germany. Plus he didn't get all of it bac...	Amanda	5	1421	Mon May 28 18:36 2012 by ADAS
	Charging VAT on goods supplied outside EU to UK based customer. (Preview) Hi All I need some help with VAT, please! My client is VAT registered and based in UK. Our goods are manufactured outside EU. Our new customer is also based in UK but collects goods straight from our factory based in Turkey. I'm about to create first invoice for above. Am I supposed to add VAT on the top of c...	A	5	2294	Mon May 28 16:45 2012 by VATman
	Do US sales and purchases go on a VAT return? (Preview) Can anyone please advise if sales to the USA go on a VAT return? Also do purchases from say the USA or China go on the VAT return?	Fiona74	1	3055	Sun May 27 01:58 2012 by YLB-HO
	Journal entries (Preview) I need to enter the separate monthly payroll journals onto a clients accounting programme from Aug last year to date. What report do they need to send me so I have all the information to enter including their total wages expenses. I thought everything would be on a P32 but its only showing the payments m...	Sammy76	4	1271	Fri May 25 06:14 2012 by Sammy76
	Sale of shares on a tax return (Preview) Would the sale of shares go on a tax return if the profit made is less than the annual capital gain exemption? Reason for completing the tax return is for a rental property, no self-employed earnings and the shares are just a small portfolio held for approx 5 years. There's no tax due.	Stuartbham	2	947	Fri May 25 03:02 2012 by Stuartbham
	Is a franchise fee allowable for tax (Preview) Just taken on a new client (woo ghoo!). It's a start up cleaning franchise. Just looking into whether the franchise fee he's paid will be allowable as an expense when I do his next tax return?	Jen81	1	1802	Thu May 24 21:12 2012 by kjmcculloch83
	VAT on Kindling and Logs (Preview) My garden centre client is thinking about stocking up on some kindling and logs ready for the cooler months later in the year. We're trying to work out the margins before placing an order and we're stuck on the VAT treatment. Will the sales of the kindling and logs be charged out at the lower rate of 5%, as...	Jenny1974	3	5505	Thu May 24 14:04 2012 by Jen81
	Two different trades (Preview) I have a client who is a self-employed fisherman. He is VAT registered for this business. However during the off season he's doing some building work for his brother. My client has registered as a subcontractor with HMRC. My question is: because my client is VAT registered for the fishing business,...	Stuartbham	3	1015	Thu May 24 19:21 2012 by Don Tax
	Payroll charges for a director (Preview) Hi, Any idea what I would charge a Director for Payroll, its straight forward, just one payslip per month and then file online and then P60 at the end. I already do the books but didn't want to do an hourly rate would prefer to give a fix quote on this one. Any help greatly appreciated as always. thanks,	Amanda	8	1455	Thu May 24 18:19 2012 by fabs79
	Going over VAT threshold - Sage and VT (Preview) I have a client (sole trader) that has gone over the VAT threshold. The first VAT return is for one month only which actually doesn't help as it then means the VAT return won't coincide with year end - but I'll worry about that later. My main problem is how to deal with this in either Sage or VT. I have search...	Peasie	14	1944	Wed May 23 20:35 2012 by Wella
	VAt - T0 or T9 (Preview) Hi Everyone I am new to posting here although I have been stalking for a long while ! I am a fairly newbie to the business - just about to qualify for my AAT L4 and just started working for an accounting practice. I have a simple question: when posting items for companies that are not registered for VAT, sho...	Fabatforty	23	10332	Wed May 23 19:10 2012 by Wella
	Offsetting tax rebate against tax due? (Preview) Just a quick question. I have just completed this years accounts for one of my clients and he will be due a small rebate. (self assessment) What it will also mean is that the tax he has paid on account will be refunded too. He is due to make a payment of £700 approx to HMRC on 31st July. If I get the self asse...	xantia743	2	982	Wed May 23 18:00 2012 by xantia743
	Pre VAT registration expenses (architects fees) (Preview) I'm doing a VAT return for a client that has just registered for VAT. First time I've had experience of this - all my other clients were already registered. They had to apply for planning permission (three years ago) for a change of use of the property they are renting and had a reasonably large architec...	Peasie	2	1338	Tue May 22 07:57 2012 by Peasie
	Grr, HMRC (Preview) I have a letter in front of me from HMRC - "Rejected EC Customer VAT Registratin Number". It basically tells me a VAT registration number I included on an EC Sales List (from September last) has been rejected by the customer's tax authority. A bit of investigation and I soon discover the pro...	VinceH	4	1690	Tue May 22 03:10 2012 by Peasie
	Donation to charity (Preview) Can I claim monthly donations to Cancer Research on my tax return? Will this save me any tax by doing so?	smithyt	2	1665	Mon May 21 21:20 2012 by smithyt
	Tax Relief on Training Costs (Preview) Happy Sunday all, I have just received an email and have been asked a tricky question from a limited company client who runs a training company. The question is - if the company paid for the training costs for an employee to complete a Phd, would this be allowable against tax. The company currently off...	woody88	1	1845	Sun May 20 14:02 2012 by Robert Pearce
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