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

Haler · Haler

Hello There, Hoping for your esteemed advice. I have been working away on a trial balance for a friend with no hicups or so I thought. He never kept records so I just downloaded his entire bank transactions into a spreadsheet and created another column with a drop down list to classify each and every one...

woody88 · woody88

I have a customer who until recently only traded as a Motorcycle repair centre. However, today he has told me he will also be buying Motorbikes and trikes and doing them up to sell too. He is VAT Registered and currently charges VAT on all of his repair work. My question is how do I deal with the VAT on a sale...

chatcat · chatcat

The HMRC website says here http://www.hmrc.gov.uk/incometax/relief-subs.htm that:It may be that in order to do your job you need to have your name included on a professional register or to have a special licence. Or it could be that it's very helpful to belong to an organisation whose activitie...

Newbie66 · Newbie66

Is there anyone out there who can help me! Am helping out a friend who has set up a ltd company. The company has registered for VAT and now a VAT return has to be submitted for the period 01 Aug - 30 Sep 2011. My main confusion...(panic) arises from the fact that she started raising invoices before this peri...

fabs79 · fabs79

Hi All, just want to double check that I understood the AIA correctly. I'm helping a client with his 2010-2011 SA Tax Return and I'm dealing with tools that he uses in his self-employment (started on 6th April 2010). He purchased new tools worth £3,500 during the year, but he also owned tools worth £90...

Zak · Zak

Hi Book-keepers I'm doing some book-keeping for someone and have been researching NI class 2 and 4. I have been on the HMRCHer earnings will probably be enough to mean she needs to pay class 2 NI- £2.50 per weekIf they are over £7000 she needs to pay 9% on her profits for class 4 NI- is this right? 9%! sounds...

meah48 · meah48

Hello, can anyone help me please, I have started at a new company who have been doing their CIS returns manually and for one sub-contractor they have been wrong for this tax year because of the VAT on their invoices and they have been making lots of part payments on them as well. I have a figure paid to the...

Beverley · Beverley

Hi I've recently taken on a client who charges delivery but does not include vat on it. is delivery vatable?

AICB · AICB

A query on behalf of a former client (who dumped me to give my work to a horse groom as it would be cheaper!) The VAT Return was submitted online with correct VAT owing, but boxes 6 and 7 also included the VAT elements, rather than excluding them. Is this a capital crime? The VAT Helpdesk told her to comp...

woody88 · woody88

Has anybody submitted a late P11d Form before? I have a perspective client who needs to submit a P11d for one employee relating to the 2010 Tax Year - the P11d should have been nil, but if they do not submit it their employees tax code will be incorrect and HMRC have said they cannot change it until the P1...

linda19 · linda19

I have a new client - public house and just doing the vat return. I get a z reading from the till every day wich i have entered in to the 4000 nominal as a gross amount? is that correct? Will the z reading have Vat on the total amount. They dont serve any food , just the usual crisps and nuts. ? Thanks

abiola · abiola

Hi all, registered a company (LTD) on the 24th of March 2009 and had some regulatory pre trading expenditure that i paid for on behalf of the company. The invoices of the expenditure were all addressed to the company. The company was not trading at this point. I then put through this expenditure on my p...

Keith · Keith

Hi I am a Bookkeeper, I have just taken on a non-profit making busines that cares and rehomes animals. they are striving for charity status. i have been asked to complete their VAT return, I know donations are out of scope. The question is: They hold online auctions is the money raised in this way lia...

chellawson · chellawson

I decided to buy sage 50 payroll which I am very happy with now and been practicing for my exam. Im doing the ICB paper Johan Marketing. All the figures for the clients are correct and the P35 figures are correct but the P35 deduction sheet is missing the last two clients so the figures are wrong on this. ...

Susie Sue · Susie Sue

Hi everyone, Just got a total brain block and now totally confused myself! If you are paying an employee under the tax and NI thresholds is it right you don't have to inform HMRC that they are working for you? or have I made this up! All help gratefully received Cheers

Wella · Wella

My turn Getting OCD about trying to answer my own question. Hope someone else can come up with an answer. The scenario: A very specialist training company uses a combination of internal staff, and external consultants from within the industry to deliver training. Many of the courses require trav...

SK123 · SK123

I have just taken a lease on a shop. As part of the agreement I have lodged a deposit of six months rent + VAT which is to be held by the landlord's solicitor for the duration of the lease (five years). Obviously, I would like to recover the VAT element on my next return but am not sure whether I'm entitled to d...

linda19 · linda19

Hi could anyone tell me if i am able to put the vat through on from the buisness credit card receipts, if its a personal expense the director bought ? Thanks

Marky65 · Marky65

Hi Whilst waiting for clients to send me information (might be a long wait) I thought that I would get started on my own self assessment and I have a query regarding the Gift Aid I make a regular monthly payment to my church (registered charity) through the envelope giving scheme (same amout each week p...

don · don

hi there im new to all this and wondered if anyone could help i have just registered self employed and am buying goods but am having to pay vat only im not charging my customer vat as i am not registered do i need to register for vat is it compulsory or can i still claim back what i have paid out? many thanks

Topic		Started By	Replies	Views	Last Post
	Tricky Trial Balance, VAT question please help (Preview) Hello There, Hoping for your esteemed advice. I have been working away on a trial balance for a friend with no hicups or so I thought. He never kept records so I just downloaded his entire bank transactions into a spreadsheet and created another column with a drop down list to classify each and every one...	Haler	11	5124	Fri Nov 11 10:48 2011 by Haler
	VAT on Sale of Motorcycles (Preview) I have a customer who until recently only traded as a Motorcycle repair centre. However, today he has told me he will also be buying Motorbikes and trikes and doing them up to sell too. He is VAT Registered and currently charges VAT on all of his repair work. My question is how do I deal with the VAT on a sale...	woody88	1	4564	Fri Nov 11 10:02 2011 by leshoward
	Tax relief for professional fees and subscriptions for a company director (Preview) The HMRC website says here http://www.hmrc.gov.uk/incometax/relief-subs.htm that:It may be that in order to do your job you need to have your name included on a professional register or to have a special licence. Or it could be that it's very helpful to belong to an organisation whose activitie...	chatcat	2	1673	Tue Nov 8 09:21 2011 by chatcat
	VAT Return Panic (Preview) Is there anyone out there who can help me! Am helping out a friend who has set up a ltd company. The company has registered for VAT and now a VAT return has to be submitted for the period 01 Aug - 30 Sep 2011. My main confusion...(panic) arises from the fact that she started raising invoices before this peri...	Newbie66	4	1293	Mon Nov 7 19:56 2011 by Newbie66
	Annual Investment Allowance on Tools AIA WDA Tools (Preview) Hi All, just want to double check that I understood the AIA correctly. I'm helping a client with his 2010-2011 SA Tax Return and I'm dealing with tools that he uses in his self-employment (started on 6th April 2010). He purchased new tools worth £3,500 during the year, but he also owned tools worth £90...	fabs79	1	2793	Mon Nov 7 03:35 2011 by YLB-HO
	Class 4 NI class 2 class 4 NI (Preview) Hi Book-keepers I'm doing some book-keeping for someone and have been researching NI class 2 and 4. I have been on the HMRCHer earnings will probably be enough to mean she needs to pay class 2 NI- £2.50 per weekIf they are over £7000 she needs to pay 9% on her profits for class 4 NI- is this right? 9%! sounds...	Zak	6	9466	Mon Nov 7 03:19 2011 by YLB-HO
	CIS Payments (Preview) Hello, can anyone help me please, I have started at a new company who have been doing their CIS returns manually and for one sub-contractor they have been wrong for this tax year because of the VAT on their invoices and they have been making lots of part payments on them as well. I have a figure paid to the...	meah48	4	2542	Sun Nov 6 14:48 2011 by meah48
	Delivery Charge (Preview) Hi I've recently taken on a client who charges delivery but does not include vat on it. is delivery vatable?	Beverley	2	1664	Thu Nov 3 20:17 2011 by Beverley
	VAT Return (Preview) A query on behalf of a former client (who dumped me to give my work to a horse groom as it would be cheaper!) The VAT Return was submitted online with correct VAT owing, but boxes 6 and 7 also included the VAT elements, rather than excluding them. Is this a capital crime? The VAT Helpdesk told her to comp...	AICB	7	1525	Thu Nov 3 15:35 2011 by AICB
	Late P11d (Preview) Has anybody submitted a late P11d Form before? I have a perspective client who needs to submit a P11d for one employee relating to the 2010 Tax Year - the P11d should have been nil, but if they do not submit it their employees tax code will be incorrect and HMRC have said they cannot change it until the P1...	woody88	2	1498	Wed Nov 2 20:40 2011 by Truemanbrown
	Vat on Pub Sales (Preview) I have a new client - public house and just doing the vat return. I get a z reading from the till every day wich i have entered in to the 4000 nominal as a gross amount? is that correct? Will the z reading have Vat on the total amount. They dont serve any food , just the usual crisps and nuts. ? Thanks	linda19	5	1476	Wed Nov 2 11:02 2011 by linda19
	company expenditure put into personal account (Preview) Hi all, registered a company (LTD) on the 24th of March 2009 and had some regulatory pre trading expenditure that i paid for on behalf of the company. The invoices of the expenditure were all addressed to the company. The company was not trading at this point. I then put through this expenditure on my p...	abiola	1	789	Wed Nov 2 09:55 2011 by kjmcculloch83
	Charity auctions (Preview) Hi I am a Bookkeeper, I have just taken on a non-profit making busines that cares and rehomes animals. they are striving for charity status. i have been asked to complete their VAT return, I know donations are out of scope. The question is: They hold online auctions is the money raised in this way lia...	Keith	3	1335	Wed Nov 2 09:50 2011 by leshoward
	P35 Deduction sheet (Preview) I decided to buy sage 50 payroll which I am very happy with now and been practicing for my exam. Im doing the ICB paper Johan Marketing. All the figures for the clients are correct and the P35 figures are correct but the P35 deduction sheet is missing the last two clients so the figures are wrong on this. ...	chellawson	5	1238	Tue Nov 1 18:19 2011 by AICB
	When to inform HMRC (Preview) Hi everyone, Just got a total brain block and now totally confused myself! If you are paying an employee under the tax and NI thresholds is it right you don't have to inform HMRC that they are working for you? or have I made this up! All help gratefully received Cheers	Susie Sue	5	1608	Tue Nov 1 17:31 2011 by Tom McClelland
	Expenses or Disbursements - Who Pays? (Preview) My turn Getting OCD about trying to answer my own question. Hope someone else can come up with an answer. The scenario: A very specialist training company uses a combination of internal staff, and external consultants from within the industry to deliver training. Many of the courses require trav...	Wella	4	2015	Fri Oct 28 18:43 2011 by Wella
	Rent deposit (Preview) I have just taken a lease on a shop. As part of the agreement I have lodged a deposit of six months rent + VAT which is to be held by the landlord's solicitor for the duration of the lease (five years). Obviously, I would like to recover the VAT element on my next return but am not sure whether I'm entitled to d...	SK123	5	3400	Fri Oct 28 16:02 2011 by Spamkebab
	Vat on Directors personal expenses (Preview) Hi could anyone tell me if i am able to put the vat through on from the buisness credit card receipts, if its a personal expense the director bought ? Thanks	linda19	4	1817	Thu Oct 27 13:40 2011 by NickCraggs
	Gift Aid (Preview) Hi Whilst waiting for clients to send me information (might be a long wait) I thought that I would get started on my own self assessment and I have a query regarding the Gift Aid I make a regular monthly payment to my church (registered charity) through the envelope giving scheme (same amout each week p...	Marky65	9	3417	Thu Oct 27 13:37 2011 by NickCraggs
	Vat question please help?????????? (Preview) hi there im new to all this and wondered if anyone could help i have just registered self employed and am buying goods but am having to pay vat only im not charging my customer vat as i am not registered do i need to register for vat is it compulsory or can i still claim back what i have paid out? many thanks	don	4	1278	Thu Oct 27 10:15 2011 by Truemanbrown
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