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

Trojan1970 · Trojan1970

Hi There - one of my clients has registered for VAT and opted to use the Flat Rate Scheme, which I have no experience of (I don't advise her, she has someone else for that). I'm using Sage Instant Accounts and need to know how to set up the flat rate scheme but have posted in the Software section about tha...

Peasie · Peasie

I have a client that has gone over the VAT threshold in February this year. What is the easiest way to register for VAT? Let me explain a bit further - I deal with their PAYE and Self Assessment with HMRC directly as I'm authorised to do so as an Agent. But, how would I go about registering them for VAT online...

PW1980 · PW1980

Hi All, I'm sure similar questions have been asked lots of times previously but after searching the forum for over an hour, I can't quite find the answers I'm looking for.I'm due to meet with a new client [Ltd co] that is based in UK but the service his company provides is manly to businesses based outsi...

wattie1973 · wattie1973

Is there an equation to work out what the settlement amount is if somebody has given you the total value of what is owed. We owe £21262.03 of which we get 2.50% early settlement payment, obviously the VAT content is worked out on the nett value if settlement is taken. We have a lot of invoices to add up m...

Loan from family member · QBE Book-Keeping

Hello I have a client who is wanting to take on a loan from a family member in order to do a course at University. How should this be treated? Could it be claimed as a legitimate expense? Could it be used as taxable benefit? Is it notjust taking a loan from a bank? Will the family member be classed as a legitim...

SuzanneD · SuzanneD

Hello! Does anyone know what the income threshold is on renting out part of your home as office space? A client of mine is paying rent to her mother for the use of a home office, but wants to know how much her mother can earn from this before she is liable to pay tax. Advice please!! Thank u.

woody88 · woody88

Morning all, I thought my knowledge of which items are vatable or not was quite good until I recently met with the owner of a local deli. They have provided a few items that they sell to check if they have been doing their VAT correctly since they started 2 years ago. The Items to be check are:Chocolate cak...

sapwise · sapwise

Hi Experts, Hope you guys doing well. I am self employed. My sole propretiorship company is based in Hungary. My company have contract of understanding with US Client in USA that my company works for his customer in Hungary. Type of service is ERP Consulting. My company raises invoice to US Client. U...

Palawan · Palawan

hi all I don't have any training for payroll but I see the wage slips on our system. I see for two individuals income tax is being added, not deducted, from their gross salary! Gross salary: 300 Income tax: 30 Net: 330. Would there ever be a reason for that to happen !?

linda19 · linda19

Can i claim Vat on mileage expenses ie. an expense claim form 600 mile at 45p , if so was the calcualtion on this please ?

PrakashShah · PrakashShah

Remember when answering that the business is an internet retailer and holds absolutely no stock... So, here are some scenarios with some questions that I'd like to get some crystal clear answers for! If I can make the scenarios any clearer, please let me know, but I suspect I'm already stretched well...

KTC · KTC

Hi, When calculating income tax & NI for PAYE, does the fact that the employment is on a fixed length contract comes into the calculation, or do the HMRC work on the basis you'll be earning at the same rate until the end of the tax year and refund you tax and or NI paid afterwards if that turns out not to b...

SuzanneD · SuzanneD

Help! Am doing my first VAT return for client who is an Estate Agent. They have not been charging VAT on the following: (They were not registered for VAT for their first year, and didn't realise that now they are, that VAT is chargable!) Rental commissions received Landlord & Admin Fees Tenant Fee...

karenb · karenb

Hi all can't find any threads re Forbes so apologies if I have missed it. Basically have just taken on a new client that have been used Forbes Payroll, unfortunately the previous bookkeeper isn't around to brain pick. Payroll processing seems pretty straightforward but I am strugglling to set it up...

Jo Gordon · Jo Gordon

Can anyone tell me very briefly, how CT and dividends work from a company's point of view? I have no intentions of passing this on to clients, I'd just like to get it right in my own head. I know that if a company pays a dividend, it deducts 10% and pays out the 90%. What then happens to that 10%? Is it paid t...

Dangermouse · Dangermouse

Are payments for travel reimbursement by HM Courts and Tribunals Service taxable for self assessment purposes? A quick search on Google and HMRC didn't come up with anything, so thought I'd ask here before I ring up.

CrystalClaire · CrystalClaire

Hi I have a client that is a LTD Company and Registered for VAT thay are selling a vehicle that when purchased had no VAT element on the invoice as it was purchased from a private individual. They are now selling this vehicle and the question is: Do they now have to Rate the Vehicle for VAT As they are sell...

kjmcculloch83 · kjmcculloch83

I have a client who fell below the deregistration threshold for VAT last year, and will do the same this year. They are in the building trade and have lost a lot of contracts recently. They've changed from doing a lot of subcontracting to doing private jobs. I have completed most of the VAT7 form, but I...

JoBooth · JoBooth

Hi, My husband has a Ltd company and is looking to lease a new car. The car in mind has a list price of £27,195 and 125 C02 emissions which on HMRC's website gives a tax valuation of £1,100 per annum. Would it be advised to a personal lease and claim back mileage at 45 pence per mile or to do a business lease and...

ShellArtist · ShellArtist

Hi Guys, I want to become Sole Trader (self emplymend). I will be working as Comics Book artist for US based Companies. Here are my questions : 1. They Send me "Voucher and work made for hire agreement" and "COMPANY NAME Services Agreement", is that fine for Sole Trader or I shoul...

Topic		Started By	Replies	Views	Last Post
	VAT Flat Rate Scheme - tips please! (Preview) Hi There - one of my clients has registered for VAT and opted to use the Flat Rate Scheme, which I have no experience of (I don't advise her, she has someone else for that). I'm using Sage Instant Accounts and need to know how to set up the flat rate scheme but have posted in the Software section about tha...	Trojan1970	3	1015	Mon Mar 12 20:16 2012 by Trojan1970
	VAT - applying to register online (on behalf of someone else) (Preview) I have a client that has gone over the VAT threshold in February this year. What is the easiest way to register for VAT? Let me explain a bit further - I deal with their PAYE and Self Assessment with HMRC directly as I'm authorised to do so as an Agent. But, how would I go about registering them for VAT online...	Peasie	2	832	Mon Mar 12 00:05 2012 by Peasie
	Potential New Client - Help Needed. (Preview) Hi All, I'm sure similar questions have been asked lots of times previously but after searching the forum for over an hour, I can't quite find the answers I'm looking for.I'm due to meet with a new client [Ltd co] that is based in UK but the service his company provides is manly to businesses based outsi...	PW1980	1	780	Thu Mar 8 22:46 2012 by leshoward
	VAT Settlement (Preview) Is there an equation to work out what the settlement amount is if somebody has given you the total value of what is owed. We owe £21262.03 of which we get 2.50% early settlement payment, obviously the VAT content is worked out on the nett value if settlement is taken. We have a lot of invoices to add up m...	wattie1973	3	1133	Thu Mar 8 19:05 2012 by wattie1973
	Loan from family member (Preview) Hello I have a client who is wanting to take on a loan from a family member in order to do a course at University. How should this be treated? Could it be claimed as a legitimate expense? Could it be used as taxable benefit? Is it notjust taking a loan from a bank? Will the family member be classed as a legitim...	QBE Book-Keeping	4	1243	Wed Mar 7 15:53 2012 by Wella
	Threshold on Rental Income (Preview) Hello! Does anyone know what the income threshold is on renting out part of your home as office space? A client of mine is paying rent to her mother for the use of a home office, but wants to know how much her mother can earn from this before she is liable to pay tax. Advice please!! Thank u.	SuzanneD	1	1398	Wed Mar 7 14:11 2012 by Don Tax
	VAT on Food Items (Preview) Morning all, I thought my knowledge of which items are vatable or not was quite good until I recently met with the owner of a local deli. They have provided a few items that they sell to check if they have been doing their VAT correctly since they started 2 years ago. The Items to be check are:Chocolate cak...	woody88	7	7222	Wed Mar 7 04:28 2012 by Rhianrach
	VAT question on Invoice VAT Tax (Preview) Hi Experts, Hope you guys doing well. I am self employed. My sole propretiorship company is based in Hungary. My company have contract of understanding with US Client in USA that my company works for his customer in Hungary. Type of service is ERP Consulting. My company raises invoice to US Client. U...	sapwise	1	8306	Sat Mar 3 03:24 2012 by Shamus
	Income tax added? (Preview) hi all I don't have any training for payroll but I see the wage slips on our system. I see for two individuals income tax is being added, not deducted, from their gross salary! Gross salary: 300 Income tax: 30 Net: 330. Would there ever be a reason for that to happen !?	Palawan	1	915	Fri Mar 2 06:37 2012 by Tom McClelland
	Vat on Fuel (Preview) Can i claim Vat on mileage expenses ie. an expense claim form 600 mile at 45p , if so was the calcualtion on this please ?	linda19	2	1314	Thu Mar 1 23:31 2012 by linda19
	VAT question on vouchers and discounts - internet retail - might be a tough q. VAT internet sales vouchers (Preview) Remember when answering that the business is an internet retailer and holds absolutely no stock... So, here are some scenarios with some questions that I'd like to get some crystal clear answers for! If I can make the scenarios any clearer, please let me know, but I suspect I'm already stretched well...	PrakashShah	1	9161	Wed Feb 29 16:29 2012 by Wella
	Income tax & NI on fixed length contract (Preview) Hi, When calculating income tax & NI for PAYE, does the fact that the employment is on a fixed length contract comes into the calculation, or do the HMRC work on the basis you'll be earning at the same rate until the end of the tax year and refund you tax and or NI paid afterwards if that turns out not to b...	KTC	11	2036	Sat Feb 25 12:48 2012 by Rhianrach
	VAT for Estate Agent (Preview) Help! Am doing my first VAT return for client who is an Estate Agent. They have not been charging VAT on the following: (They were not registered for VAT for their first year, and didn't realise that now they are, that VAT is chargable!) Rental commissions received Landlord & Admin Fees Tenant Fee...	SuzanneD	1	1998	Thu Feb 23 23:31 2012 by RobRJBS
	Forbes Payroll Software (Preview) Hi all can't find any threads re Forbes so apologies if I have missed it. Basically have just taken on a new client that have been used Forbes Payroll, unfortunately the previous bookkeeper isn't around to brain pick. Payroll processing seems pretty straightforward but I am strugglling to set it up...	karenb	0	802	Tue Feb 21 21:29 2012 by karenb
	Corp Tax and dividends (Preview) Can anyone tell me very briefly, how CT and dividends work from a company's point of view? I have no intentions of passing this on to clients, I'd just like to get it right in my own head. I know that if a company pays a dividend, it deducts 10% and pays out the 90%. What then happens to that 10%? Is it paid t...	Jo Gordon	2	1003	Wed Feb 22 05:22 2012 by Jo Gordon
	Are HMCTS payments for travel taxable? (Preview) Are payments for travel reimbursement by HM Courts and Tribunals Service taxable for self assessment purposes? A quick search on Google and HMRC didn't come up with anything, so thought I'd ask here before I ring up.	Dangermouse	2	1738	Wed Feb 22 02:23 2012 by Dangermouse
	VAT On Commercial Van Sale (Preview) Hi I have a client that is a LTD Company and Registered for VAT thay are selling a vehicle that when purchased had no VAT element on the invoice as it was purchased from a private individual. They are now selling this vehicle and the question is: Do they now have to Rate the Vehicle for VAT As they are sell...	CrystalClaire	1	1088	Wed Feb 22 00:46 2012 by leshoward
	Deregister for VAT (Preview) I have a client who fell below the deregistration threshold for VAT last year, and will do the same this year. They are in the building trade and have lost a lot of contracts recently. They've changed from doing a lot of subcontracting to doing private jobs. I have completed most of the VAT7 form, but I...	kjmcculloch83	3	2870	Tue Feb 21 15:02 2012 by kjmcculloch83
	Personal Lease v Business Lease (Preview) Hi, My husband has a Ltd company and is looking to lease a new car. The car in mind has a list price of £27,195 and 125 C02 emissions which on HMRC's website gives a tax valuation of £1,100 per annum. Would it be advised to a personal lease and claim back mileage at 45 pence per mile or to do a business lease and...	JoBooth	4	1988	Mon Feb 20 02:44 2012 by JoBooth
	Sole Trader and for US Companies "work made for hire" (Preview) Hi Guys, I want to become Sole Trader (self emplymend). I will be working as Comics Book artist for US based Companies. Here are my questions : 1. They Send me "Voucher and work made for hire agreement" and "COMPANY NAME Services Agreement", is that fine for Sole Trader or I shoul...	ShellArtist	1	995	Fri Feb 17 20:38 2012 by gbm
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