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

Amy_123 · Amy_123

Hi, As I am writing this post, I feel really depressed as the future looks very bleak... especially after reading the article in the news today about unemployment figures increasing month after month. I have been made redundant 4 months ago, and after trying every day since, have been unsuccessf...

QBE Book-Keeping · QBE Book-Keeping

Can somebody explain Partnership Taxation? I think that the Partnership is not liable to tax, but each partner is taxed on their share of any profit. Is this correct? If this is correct, then my Partnership has made a small loss, they will not be taxed. Correct?? With regards drawings they have made...

RobRJBS · RobRJBS

Hi all, I have a client that failed to file CIS returns for the last 3 years. All the returns were nil but even so, as you can imagine, the penalties imposed by HMRC are substantial! Has anyone else seen this and more importantly has anyone had the penalties removed? Thanks

woody88 · woody88

Afternoon all, It's a bit quiet on here today, I wonder if everyone's too busy with the January deadline to post. My query is what is legally (or HMRC view) requried for an Inovice to be Valid for VAT purposes, i.e for the purchaser to reclaim the VAT. And does this differ between a Sole Trader or Part...

sue45 · sue45

Hi All I'm a newby to this forum so thanks in advance for any help anybody can give to me!! We have a couple of guys who do work for us under CIS but we want to employ them on PAYE. How do we go about it? Thanks Sue

DeanoFTM · DeanoFTM

Has anyone had any problems with the HMRC online submission when filing 'No PAYE/NICs payment due' for quarterly payments? I done one on 11/12/11 no problem but since yesterday I am not getting a submission approved page and instead I am getting a ' Sorry but the page you are trying to reach cannot be fo...

SarahMM · SarahMM

Hello I was wondering if you could provide an answer to a VAT query I have. If a VAT registered Company purchases an item on behalf of an employee and pays £120.00 (£100 + £20 VAT). Should the recharge to the employee be £120.00 (£100 + £20 VAT), or £144.00 (£120 + £24 VAT)? Many thanks Sarah

Silly Digits · Silly Digits

I have a client who is giving away a prize to a magazine for a competition. How is this treated eg for VAT. eg raising an invoice, reclaiming input tax, paying output tax etc. Thank u

LorraineHB · LorraineHB

I need help!! I have been asked to help a friend sort out the VAT for a local social club. They are due a VAT inspection next week and have not submitted a VAT return since Dec 2010 - due to the secretary finishing and the new one not knowing what to do. They paid the assessment VAT. On the system he claimed...

Vicki Newman · Vicki Newman

Hello I have a new client who is a sub contractor and has 20% CIS deducted from his wages. I am trying to figure out how to record thisin my system, I am using VT Transaction+. I'm guessing that on the actual self assessment you would include the gross amount on the wage slip to the total taxable profits a...

buckland10 · buckland10

Hi, an employee left the company at the beginning of October and is now due a bonus. As he is now not active on our payroll system and has received his P45, how do I run his bonus through payroll? Regards...

alexh · alexh

Hi. I am currently in the process of transferring our accounts over from quickbooks to SAGE. I decided that I would start from April so I could run the two concurrently and check all the figure work. I am now ready to do the first VAT but our quater is March - May, I have pulled Marches figures off quickbook...

Jo Gordon · Jo Gordon

I could really use a good text book to work through on tax - personal, business and corporation tax. Looking on the ICB website there's a Self Assessment Tax Returns manual, but it's pretty expensive at £60.00. Would anyone recommend this, and if not, is there something you would? My other thou...

jenand · jenand

Hi, I work for a UK company and one of our customers in RO Ireland has requested a Tax clearance certificate. We have several customers in IE but this has not been requested before now. I have done a google search but can not find any usefull info. Can anyone point me int the right direction. Not sure if it i...

Palawan · Palawan

My manager has paid an employee twice in error. However, the second payment was NOT done as a payroll payment but simply as a direct disbursement -write cheque - and assigned to the payroll expense account. So, at least the payroll liabilities have not been calculated twice which I think makes thing...

Aleksandra · Aleksandra

Hi, My client offered that he is willing to pay for a subcontractor's course,would it be tax deductable expense? I don't think it would, but I thought I ask you guys just in case.

emfconsultancy · emfconsultancy

Hi all Can someone please remind me how to post a fuel scale charge in Sage - without the wizard! It is such a long time ago since I last did this I have forgotten how to do it. Thanks Elaine

kimrs007 · kimrs007

Hi Guys, i was wandering if anyone could give me the official answer for what should be included on a vat receipt for you to be able to claim the vat back on it? date and vat reg number obviously, but does it also need to specify the vat rate i.e. 20% charged? I have been searching the internet and cant get a...

morgwick · morgwick

Hi could anyone advise me on the correct treatment for VAT on the following transaction. My client is VAT registered and runs a taxi company. On 11/1/11 client sold at auction a car as follows Sale price - £1625 Sale VAT - £0 Commission - £120 VAT on Commission - £24 Net money received - £1481 Would client...

ADAS · ADAS

What is the SA penalty if someone files a return, say two years late? I believe if someone is a year late they will be liable to £100 + £900 + £300 + £300= £1600. Assuming the £300 was greater than 5% of the tax due. Does the total fine stop there or is there further penalties incurred for year two?

Topic		Started By	Replies	Views	Last Post
	Help needed!!!! (Preview) Hi, As I am writing this post, I feel really depressed as the future looks very bleak... especially after reading the article in the news today about unemployment figures increasing month after month. I have been made redundant 4 months ago, and after trying every day since, have been unsuccessf...	Amy_123	14	2526	Fri Dec 16 18:54 2011 by Amy_123
	Partnership Taxation (Preview) Can somebody explain Partnership Taxation? I think that the Partnership is not liable to tax, but each partner is taxed on their share of any profit. Is this correct? If this is correct, then my Partnership has made a small loss, they will not be taxed. Correct?? With regards drawings they have made...	QBE Book-Keeping	1	1509	Fri Dec 16 13:29 2011 by YLB-HO
	CIS penalties (Preview) Hi all, I have a client that failed to file CIS returns for the last 3 years. All the returns were nil but even so, as you can imagine, the penalties imposed by HMRC are substantial! Has anyone else seen this and more importantly has anyone had the penalties removed? Thanks	RobRJBS	6	3060	Thu Dec 15 20:23 2011 by RobRJBS
	Valid VAT Invoice (Preview) Afternoon all, It's a bit quiet on here today, I wonder if everyone's too busy with the January deadline to post. My query is what is legally (or HMRC view) requried for an Inovice to be Valid for VAT purposes, i.e for the purchaser to reclaim the VAT. And does this differ between a Sole Trader or Part...	woody88	4	3394	Thu Dec 15 19:11 2011 by Truemanbrown
	CIS to PAYE (Preview) Hi All I'm a newby to this forum so thanks in advance for any help anybody can give to me!! We have a couple of guys who do work for us under CIS but we want to employ them on PAYE. How do we go about it? Thanks Sue	sue45	1	3510	Thu Dec 15 13:37 2011 by Robert Pearce
	HMRC No Tax/NI Due Online Submission (Preview) Has anyone had any problems with the HMRC online submission when filing 'No PAYE/NICs payment due' for quarterly payments? I done one on 11/12/11 no problem but since yesterday I am not getting a submission approved page and instead I am getting a ' Sorry but the page you are trying to reach cannot be fo...	DeanoFTM	1	1269	Wed Dec 14 22:28 2011 by Susie Sue
	VAT of Goods recharged to Employees (Preview) Hello I was wondering if you could provide an answer to a VAT query I have. If a VAT registered Company purchases an item on behalf of an employee and pays £120.00 (£100 + £20 VAT). Should the recharge to the employee be £120.00 (£100 + £20 VAT), or £144.00 (£120 + £24 VAT)? Many thanks Sarah	SarahMM	1	1812	Wed Dec 14 18:11 2011 by Wella
	Prizes (Preview) I have a client who is giving away a prize to a magazine for a competition. How is this treated eg for VAT. eg raising an invoice, reclaiming input tax, paying output tax etc. Thank u	Silly Digits	1	1596	Tue Dec 13 12:00 2011 by Count1314
	VAT on SAGE (Preview) I need help!! I have been asked to help a friend sort out the VAT for a local social club. They are due a VAT inspection next week and have not submitted a VAT return since Dec 2010 - due to the secretary finishing and the new one not knowing what to do. They paid the assessment VAT. On the system he claimed...	LorraineHB	0	843	Wed Dec 7 21:21 2011 by LorraineHB
	CIS Payments (Preview) Hello I have a new client who is a sub contractor and has 20% CIS deducted from his wages. I am trying to figure out how to record thisin my system, I am using VT Transaction+. I'm guessing that on the actual self assessment you would include the gross amount on the wage slip to the total taxable profits a...	Vicki Newman	23	11893	Mon Dec 5 16:15 2011 by Wella
	Ex-Employee Bonus (Preview) Hi, an employee left the company at the beginning of October and is now due a bonus. As he is now not active on our payroll system and has received his P45, how do I run his bonus through payroll? Regards...	buckland10	3	1435	Mon Dec 5 13:22 2011 by RobRJBS
	Opening balance on SAGE VAT (Preview) Hi. I am currently in the process of transferring our accounts over from quickbooks to SAGE. I decided that I would start from April so I could run the two concurrently and check all the figure work. I am now ready to do the first VAT but our quater is March - May, I have pulled Marches figures off quickbook...	alexh	3	2111	Mon Dec 5 09:41 2011 by ClareB4
	Brushing up on tax knowledge (Preview) I could really use a good text book to work through on tax - personal, business and corporation tax. Looking on the ICB website there's a Self Assessment Tax Returns manual, but it's pretty expensive at £60.00. Would anyone recommend this, and if not, is there something you would? My other thou...	Jo Gordon	5	1186	Sat Dec 3 09:16 2011 by Wella
	Tax Clearance Certificate (Preview) Hi, I work for a UK company and one of our customers in RO Ireland has requested a Tax clearance certificate. We have several customers in IE but this has not been requested before now. I have done a google search but can not find any usefull info. Can anyone point me int the right direction. Not sure if it i...	jenand	3	5064	Sat Dec 3 09:11 2011 by Wella
	Employee paid twice (Preview) My manager has paid an employee twice in error. However, the second payment was NOT done as a payroll payment but simply as a direct disbursement -write cheque - and assigned to the payroll expense account. So, at least the payroll liabilities have not been calculated twice which I think makes thing...	Palawan	6	1561	Fri Dec 2 20:19 2011 by Stardoe
	Subcontractor's Training (Preview) Hi, My client offered that he is willing to pay for a subcontractor's course,would it be tax deductable expense? I don't think it would, but I thought I ask you guys just in case.	Aleksandra	4	1608	Fri Dec 2 10:15 2011 by Donna CBK
	Sage journal for scale charge (Preview) Hi all Can someone please remind me how to post a fuel scale charge in Sage - without the wizard! It is such a long time ago since I last did this I have forgotten how to do it. Thanks Elaine	emfconsultancy	2	6603	Thu Dec 1 14:51 2011 by emfconsultancy
	What should be on a valid VAT receipt? (Preview) Hi Guys, i was wandering if anyone could give me the official answer for what should be included on a vat receipt for you to be able to claim the vat back on it? date and vat reg number obviously, but does it also need to specify the vat rate i.e. 20% charged? I have been searching the internet and cant get a...	kimrs007	2	3134	Thu Dec 1 12:34 2011 by kimrs007
	VAT on sale of car (Taxi Company) (Preview) Hi could anyone advise me on the correct treatment for VAT on the following transaction. My client is VAT registered and runs a taxi company. On 11/1/11 client sold at auction a car as follows Sale price - £1625 Sale VAT - £0 Commission - £120 VAT on Commission - £24 Net money received - £1481 Would client...	morgwick	8	1721	Tue Nov 29 19:37 2011 by leshoward
	Self Assessment Penalties (Preview) What is the SA penalty if someone files a return, say two years late? I believe if someone is a year late they will be liable to £100 + £900 + £300 + £300= £1600. Assuming the £300 was greater than 5% of the tax due. Does the total fine stop there or is there further penalties incurred for year two?	ADAS	4	1224	Tue Nov 29 17:25 2011 by ADAS
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