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

semsley · semsley

I've been asked to make a net payment to of £250 to an employee today then inform our accountant to adjust the gross pay in Month 12 to reflect this. I can't ask our accountant to re-run the payroll today as she's on holiday. The employee is on BR so I could work out the tax BUT adding the gross to the month 12...

123_Lesley · 123_Lesley

Hi All, I've just been scouring the HMRC website on the following to no avail... Please can someone confirm whether VAT is applicable to the following... Hotel accomodation (B&B) and Garden Ornaments The receipts I have are both for VAT registered suppliers. Thank you in advance.

Trojan1970 · Trojan1970

Hello all you clever people (hopefully working late like me!) - can anyone tell me if there is a short cut in Excel to copy the data from the cell above ? Like the F6 key in Sage? Thanks in advance.

olivia11 · olivia11

Hi all, I was wondering if someone could advice me on the following problem. A taxi driver who I don't know that well asked me for my thoughts on his tax affairs are maybe I should say lack of it. He has not done a return in 15 years, he tells me he went bankrupt about 10 years ago and the revenue have never been...

Feefles · Feefles

Hi This may be a stupid question but do u pay tax on WIP twice?? Just thinking this as its added to ur p&l then u have the corp tax on that then its invoiced the following year so that's included in your sales for the following year?!? Sorry if u think that's a daft question but would be grateful if som...

woody88 · woody88

Afternoon all, Does anybody know the most tax efficient amount to pay directors for the new tax year 2012-13? For 2011-12 I have been using £ 589 per month from an article I read online. This amount was Tax and NI free and somehow it also managed to ensure that the directors would recieve a full pension wh...

Jadelea · Jadelea

Hello just installed my new sage payroll on computer and its asking for a processing date what is this? x

abiola · abiola

Hi. I decided to be a sole trader ( In IT) and a couple of clients but terminated them to update my skills set ( training). I then entered the cost of training as expenses into my personal self assessment and got some money from the HMRC ( as tax overpaid) because i was also i full time employee then. HMRC ar...

Rhianrach · Rhianrach

It's a bloke down the pub story I know but, someone claimed a friend of theirs haven't sent a self-assessment for the past 4-5 years, I think this is twaddle. So to settle an argument, is it rubbish or do people really just drop off the radar?

123_Lesley · 123_Lesley

After looking on here for answers... please correct me if I'm wrong!... When IT comes to completing a VAT return where there are Purchase Invoices which have been received in Euros... Is it best to convert the Invoice from Euros to Stirling by using the HMRC currency conversion rate for the applicabl...

xantia743 · xantia743

I understand that a training course on starting a new business isn't tax deductable but does the same apply to Limited Companies? My new client registered a limited company in January and subsequently attended a training course to learn the skills needed (locksmith) Technically he is an employee o...

Rhianrach · Rhianrach

So I found out today that the government pay for self employed people when they are sick. Assuming this works the same as SSP, when does the business get it back off HMRC?

123_Lesley · 123_Lesley

I've had a client ask me to go through their last seven (monthly) VAT returns which have obviously been submitted. They want peace of mind they've calculated them correctly. As a guide I've been told there are roughly one hundred invoices to be checked for each of the 7 months. I've only ever done work l...

123_Lesley · 123_Lesley

When completing a VAT return for a client who deals in Europe how do you process a P/L invoice which is in Euros?... This is a new one on me! Their VAT returns are currently monthly and I will be working them out manually until the client moves onto Sage in April. I'm guessing I need to convert the Euros via a...

123_Lesley · 123_Lesley

Is anyone familiar in working on VAT returns and VAT for businesses that do not charge VAT but can claim it back? I've been approached by a company who's turnover exceeds the threshold but as said, do not charge VAT but claim it back. Does this type of company have a name? or term for VAT purposes?

PW1980 · PW1980

Afternoon All, Sorry to have to resurface these type of questions [I know they have been discussed previously] but Im looking to make a posting rule up for Sage and stick to it.., Do these seem ok to use??? This is based on the assumption that the client Im entering for is VAT registered: · Pa...

Ana · Ana

Hi everyone, I am having my first client for the VAT and I need to registr him online. His activity will be import-export clothes, food and other things. My question is as main activity what I should pich from the list? Can be wholesale retailer ? Thank you for the help Regards

Andy_L75 · Andy_L75

I've got a few scenario's which I need help clarifying between entertaining, subsistence or private. 1) At a business meal with a client but they each buy their own meal and drinks 2) At a business meeting at a pub with a client in which only drinks are purchased for both people. 3) A meal after a business...

PawelLTD · PawelLTD

Hi everyone, I need to fill my first VAT return for the period from November 2010 to December 2011. I was registered on December 2011 because of reached VAT threshold on November 2010. We didnt have detailed stock records, but mostly we buy 0% VAT goods. Zero rate goods - 80 % Standard rate goods - 20% ...

Georgie · Georgie

I will be taking over submitting the vat return from the accountant for a client, do I need anything from them? I am registered as an agent . Georgie

Topic		Started By	Replies	Views	Last Post
	Help quick on net to gross please (Preview) I've been asked to make a net payment to of £250 to an employee today then inform our accountant to adjust the gross pay in Month 12 to reflect this. I can't ask our accountant to re-run the payroll today as she's on holiday. The employee is on BR so I could work out the tax BUT adding the gross to the month 12...	semsley	4	1070	Wed Mar 28 23:16 2012 by semsley
	IS VAT APPLICABLE TO THE FOLLOWING PLEASE? (Preview) Hi All, I've just been scouring the HMRC website on the following to no avail... Please can someone confirm whether VAT is applicable to the following... Hotel accomodation (B&B) and Garden Ornaments The receipts I have are both for VAT registered suppliers. Thank you in advance.	123_Lesley	2	965	Wed Mar 28 15:49 2012 by Wella
	Excel shortcut to copy cell above? Like F6 in Sage? (Preview) Hello all you clever people (hopefully working late like me!) - can anyone tell me if there is a short cut in Excel to copy the data from the cell above ? Like the F6 key in Sage? Thanks in advance.	Trojan1970	16	6896	Tue Mar 27 22:46 2012 by VinceH
	Tax Advice (Preview) Hi all, I was wondering if someone could advice me on the following problem. A taxi driver who I don't know that well asked me for my thoughts on his tax affairs are maybe I should say lack of it. He has not done a return in 15 years, he tells me he went bankrupt about 10 years ago and the revenue have never been...	olivia11	5	1419	Tue Mar 27 20:09 2012 by olivia11
	Wip corporation tax (Preview) Hi This may be a stupid question but do u pay tax on WIP twice?? Just thinking this as its added to ur p&l then u have the corp tax on that then its invoiced the following year so that's included in your sales for the following year?!? Sorry if u think that's a daft question but would be grateful if som...	Feefles	1	2845	Tue Mar 27 05:21 2012 by VinceH
	Directors monthly pay for 2012-13 (Preview) Afternoon all, Does anybody know the most tax efficient amount to pay directors for the new tax year 2012-13? For 2011-12 I have been using £ 589 per month from an article I read online. This amount was Tax and NI free and somehow it also managed to ensure that the directors would recieve a full pension wh...	woody88	2	1448	Mon Mar 26 21:41 2012 by woody88
	processing date (Preview) Hello just installed my new sage payroll on computer and its asking for a processing date what is this? x	Jadelea	3	2903	Thu Mar 22 16:43 2012 by Robert Pearce
	if you never traded you can not make any claim on expenses (Preview) Hi. I decided to be a sole trader ( In IT) and a couple of clients but terminated them to update my skills set ( training). I then entered the cost of training as expenses into my personal self assessment and got some money from the HMRC ( as tax overpaid) because i was also i full time employee then. HMRC ar...	abiola	4	1316	Wed Mar 21 20:56 2012 by HendyPhilhendy
	Shenanigans (Preview) It's a bloke down the pub story I know but, someone claimed a friend of theirs haven't sent a self-assessment for the past 4-5 years, I think this is twaddle. So to settle an argument, is it rubbish or do people really just drop off the radar?	Rhianrach	16	2274	Wed Mar 21 21:51 2012 by Don Tax
	VAT and Euros... Advice needed please... (Preview) After looking on here for answers... please correct me if I'm wrong!... When IT comes to completing a VAT return where there are Purchase Invoices which have been received in Euros... Is it best to convert the Invoice from Euros to Stirling by using the HMRC currency conversion rate for the applicabl...	123_Lesley	5	1653	Wed Mar 21 11:08 2012 by Tom McClelland
	Training courses tax deductable (Preview) I understand that a training course on starting a new business isn't tax deductable but does the same apply to Limited Companies? My new client registered a limited company in January and subsequently attended a training course to learn the skills needed (locksmith) Technically he is an employee o...	xantia743	2	956	Tue Mar 20 16:06 2012 by xantia743
	Self employed ssp (Preview) So I found out today that the government pay for self employed people when they are sick. Assuming this works the same as SSP, when does the business get it back off HMRC?	Rhianrach	2	1157	Tue Mar 20 23:01 2012 by Rhianrach
	VAT: What to charge a client to check figures on previously submitted returns? (Preview) I've had a client ask me to go through their last seven (monthly) VAT returns which have obviously been submitted. They want peace of mind they've calculated them correctly. As a guide I've been told there are roughly one hundred invoices to be checked for each of the 7 months. I've only ever done work l...	123_Lesley	6	1040	Tue Mar 20 21:48 2012 by 123_Lesley
	Purchase Invoices in Euros... (Preview) When completing a VAT return for a client who deals in Europe how do you process a P/L invoice which is in Euros?... This is a new one on me! Their VAT returns are currently monthly and I will be working them out manually until the client moves onto Sage in April. I'm guessing I need to convert the Euros via a...	123_Lesley	0	870	Mon Mar 19 19:30 2012 by 123_Lesley
	Businesses that claim VAT but do not charge VAT (Preview) Is anyone familiar in working on VAT returns and VAT for businesses that do not charge VAT but can claim it back? I've been approached by a company who's turnover exceeds the threshold but as said, do not charge VAT but claim it back. Does this type of company have a name? or term for VAT purposes?	123_Lesley	4	2339	Sun Mar 18 05:06 2012 by 123_Lesley
	VAT Codes (Preview) Afternoon All, Sorry to have to resurface these type of questions [I know they have been discussed previously] but Im looking to make a posting rule up for Sage and stick to it.., Do these seem ok to use??? This is based on the assumption that the client Im entering for is VAT registered: · Pa...	PW1980	19	27754	Sat Mar 17 02:03 2012 by Bucks Bodger
	Vat Registration (Preview) Hi everyone, I am having my first client for the VAT and I need to registr him online. His activity will be import-export clothes, food and other things. My question is as main activity what I should pich from the list? Can be wholesale retailer ? Thank you for the help Regards	Ana	1	749	Thu Mar 15 22:28 2012 by woody88
	Entertaining/Subsistence - VAT (Preview) I've got a few scenario's which I need help clarifying between entertaining, subsistence or private. 1) At a business meal with a client but they each buy their own meal and drinks 2) At a business meeting at a pub with a client in which only drinks are purchased for both people. 3) A meal after a business...	Andy_L75	3	5819	Wed Mar 14 16:57 2012 by Wella
	First VAT return (Preview) Hi everyone, I need to fill my first VAT return for the period from November 2010 to December 2011. I was registered on December 2011 because of reached VAT threshold on November 2010. We didnt have detailed stock records, but mostly we buy 0% VAT goods. Zero rate goods - 80 % Standard rate goods - 20% ...	PawelLTD	1	1548	Tue Mar 13 15:41 2012 by leshoward
	Submitting a VAT return (Preview) I will be taking over submitting the vat return from the accountant for a client, do I need anything from them? I am registered as an agent . Georgie	Georgie	2	848	Tue Mar 13 00:44 2012 by Georgie
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