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

Nimac · Nimac

I have recieved an invoice from Southern Ireland for a conference a few of the employees are going to. They have charged VAT on the invoice which of course they have to do. I have agreed with them to pay the invoice in sterling. My question is can i reclaim the VAT on my next VAT return and which T code would...

Lois · Lois

Hi, I am new to this and doing the ICB Level 1 and need some help please. The query I have is where do I post the expense of sending a purchase return to the supplier (in this case £8 postage) and subsequently the reimbursement of the £8 by the supplier in the form of a postal order which is then cashed? My inc...

aceal · aceal

Hi I'm a new member and would appreciate some advice. I'm an accountant who has recently taken over compiling a charity vat return. Using the previous accountants method all input vat is reclaimed. There is little if any output vat. The charity is grant funded (local authority) and contracted inc...

linda19 · linda19

I Have a client who sending materials to Freight Ships and therefore he doesnt charge vat , but which box would i use on sage so it enters this in the correct box on the VAT return. Please

chatcat · chatcat

To claim or not to claim, that is the question.I'm trying to get my head round how to deal with claiming back VAT on fuel for a limited company, VAT registered BUT below the VAT threshold, small amount of business travel all of which is done in the Director's personal car.On this HMRC web page http://w...

lots to learn · lots to learn

Hi I am wondering if anyone can help. I have the VAT return due for a client who is a Consultant engineer supplying his services to businesses within the EU. Firstly, am I right to understand that as he is supplying B2B that the place of supply is the receiving country and therefore outside the scope of VA...

Mellie · Mellie

Hi..this is the first time i have used this and i would appreciate any help with my studies.... I understand the correction of journals where i have to put the account right but if there is VAT is this a seperate entry and do i enter this alongside a suspense a/c? for example.....purchase for 100 + vat for...

MissyMay · MissyMay

Hi Everyone Is there any bright spark out there that knows anything about import taxes? I am purchashing goods from China and selling them online. I know what the rates for import taxes/VAT on the goods I am selling are. My question is this. How exactly does import duty work? To simplify. I buy goods...

Stardoe · Stardoe

Hi all, One of my clients pays his wife a wage from the company (Limited). He is the Director and he pays her about £35,000 a year. (She doesn't actually do anything in the company except for a bit of filing now and then). She is currently on maternity leave and I have put her on maternity pay as a normal...

Mycroft · Mycroft

Hi Can anybody provide me with some advice please? I have a client who has sold the property he used to own with his (now ex) wife. He moved out of the marital home some years ago but allowed his wife and children to continue to live there while he rented elsewhere. The property has now been sold and he has...

Silly Digits · Silly Digits

Hi all, what is the best way to do this. My client started business in February 2011. Only done a couple of jobs before 5 April 2011. Needs to fill in a tax return. Bought lots of tools etc before trading and also a few larger assets. Am I correct in saying that the small tools will have to be put in 2010/...

kismetkaz · kismetkaz

Any help appreciated on this - I have just started acting for a post office. as they also run a shop, the salary is treated as trading income. The post master receives a P60 with the total income on, which includes commission etc. Class 1 NIC totals £1752.61, which I take to be 11% on £15932 which is ea...

Janem · Janem

I went to perform a VAT return on Sage and when I went to enter the figures on the HMRC website the error message appeared when VAT figures dont match with your output/input figures. At the time I went through the VAT report but could not find any discrepancy I have since found the error on SAGE (. AN EXTRA...

woody88 · woody88

Morning all, I have to complete a CIS Monthly Return for a new client for the MOnth Ended 5th October 2011 due by 19th October 2011. They do yet have the online ability to submit online, is it still possible to submit CIS Returns manually, as I thought all CIS had to be completed online. I guess if I cann...

morgwick · morgwick

Hello, could anyone advise me whether the payroll scheme for a sole trader needs to be closed down when he becomes a limited company, and then open up a new scheme in the limited company name? Or can the scheme run as normal? I've not done payroll for a limited company before. Other than the director bein...

class71 · class71

Hello, Please can someone help .... I've just taken on a client who supply IT contractors to Swiss companies. They have not been charging VAT, which I think is ok. But when it comes to EC Sales List, I'm confused. As Switzerland are not part of the EU but have been advised to treat VAT the same as any other...

Suzie · Suzie

A friend has asked me (as a bookkeeper) if she can claim an essential repair to her care as a business expense. She is a beautician and needs the car to visit clients and to get to her salon. I said yes but her boyfriend says no. Which of us is correct?

chellawson · chellawson

Ive been looking at the Sage payroll packages and Im a bit confused on which one to get. My training CD has been deleted due to a kind collegue installing new software which was an upgrade not a full program so have no sage payroll at all now . Have looked at Sage payroll instant and sage 50, but there are s...

Louisa10 · Louisa10

Can anybody help please? We are a vat registered company, and I think we have been doing some of our invoices to customers wrong. We put our costs on the invoice with vat, so thats ok, but we often also use the services of a garage. That garage invoice us with VAT added, which we pay (& claim vat back...

Suzie · Suzie

Can someone who owns a limited company and takes a salary as a director also take drawings?

Topic		Started By	Replies	Views	Last Post
	VAT on purchases from Southern Ireland (Preview) I have recieved an invoice from Southern Ireland for a conference a few of the employees are going to. They have charged VAT on the invoice which of course they have to do. I have agreed with them to pay the invoice in sterling. My question is can i reclaim the VAT on my next VAT return and which T code would...	Nimac	1	1932	Wed Oct 26 17:54 2011 by RobRJBS
	Purchase returns and postage costs associated with the returns (Preview) Hi, I am new to this and doing the ICB Level 1 and need some help please. The query I have is where do I post the expense of sending a purchase return to the supplier (in this case £8 postage) and subsequently the reimbursement of the £8 by the supplier in the form of a postal order which is then cashed? My inc...	Lois	0	564	Wed Oct 26 12:22 2011 by Lois
	Charity vat return (Preview) Hi I'm a new member and would appreciate some advice. I'm an accountant who has recently taken over compiling a charity vat return. Using the previous accountants method all input vat is reclaimed. There is little if any output vat. The charity is grant funded (local authority) and contracted inc...	aceal	2	1412	Wed Oct 26 11:22 2011 by leshoward
	Vat - Freight Goods (Preview) I Have a client who sending materials to Freight Ships and therefore he doesnt charge vat , but which box would i use on sage so it enters this in the correct box on the VAT return. Please	linda19	0	1044	Tue Oct 25 11:37 2011 by linda19
	Why does HMRC think not claiming any VAT on fuel would be a "useful option". (Preview) To claim or not to claim, that is the question.I'm trying to get my head round how to deal with claiming back VAT on fuel for a limited company, VAT registered BUT below the VAT threshold, small amount of business travel all of which is done in the Director's personal car.On this HMRC web page http://w...	chatcat	7	2511	Sat Oct 22 11:41 2011 by chatcat
	VAT on services to EU (Preview) Hi I am wondering if anyone can help. I have the VAT return due for a client who is a Consultant engineer supplying his services to businesses within the EU. Firstly, am I right to understand that as he is supplying B2B that the place of supply is the receiving country and therefore outside the scope of VA...	lots to learn	5	1308	Fri Oct 21 12:11 2011 by lots to learn
	Journal Corrections and VAT (Preview) Hi..this is the first time i have used this and i would appreciate any help with my studies.... I understand the correction of journals where i have to put the account right but if there is VAT is this a seperate entry and do i enter this alongside a suspense a/c? for example.....purchase for 100 + vat for...	Mellie	4	1255	Fri Oct 21 06:56 2011 by Mellie
	Does anyone know anything about import taxes? (Preview) Hi Everyone Is there any bright spark out there that knows anything about import taxes? I am purchashing goods from China and selling them online. I know what the rates for import taxes/VAT on the goods I am selling are. My question is this. How exactly does import duty work? To simplify. I buy goods...	MissyMay	2	1287	Thu Oct 20 10:48 2011 by Tom McClelland
	Director's wife's wages (Preview) Hi all, One of my clients pays his wife a wage from the company (Limited). He is the Director and he pays her about £35,000 a year. (She doesn't actually do anything in the company except for a bit of filing now and then). She is currently on maternity leave and I have put her on maternity pay as a normal...	Stardoe	15	4562	Wed Oct 19 20:55 2011 by Stardoe
	Capital gains and seperation (Preview) Hi Can anybody provide me with some advice please? I have a client who has sold the property he used to own with his (now ex) wife. He moved out of the marital home some years ago but allowed his wife and children to continue to live there while he rented elsewhere. The property has now been sold and he has...	Mycroft	2	982	Wed Oct 19 16:26 2011 by Mycroft
	Self Assessment Tax Return (Preview) Hi all, what is the best way to do this. My client started business in February 2011. Only done a couple of jobs before 5 April 2011. Needs to fill in a tax return. Bought lots of tools etc before trading and also a few larger assets. Am I correct in saying that the small tools will have to be put in 2010/...	Silly Digits	8	2022	Tue Oct 18 15:49 2011 by Helz
	HELP PLEASE - SUB POSTMASTER AND CLASS 4 NIC (Preview) Any help appreciated on this - I have just started acting for a post office. as they also run a shop, the salary is treated as trading income. The post master receives a P60 with the total income on, which includes commission etc. Class 1 NIC totals £1752.61, which I take to be 11% on £15932 which is ea...	kismetkaz	3	2866	Tue Oct 18 15:18 2011 by Don Tax
	Error with a VAT posting on SAGE (Preview) I went to perform a VAT return on Sage and when I went to enter the figures on the HMRC website the error message appeared when VAT figures dont match with your output/input figures. At the time I went through the VAT report but could not find any discrepancy I have since found the error on SAGE (. AN EXTRA...	Janem	2	4671	Tue Oct 18 14:58 2011 by Figurate
	Manual CIS Monthly Return (Preview) Morning all, I have to complete a CIS Monthly Return for a new client for the MOnth Ended 5th October 2011 due by 19th October 2011. They do yet have the online ability to submit online, is it still possible to submit CIS Returns manually, as I thought all CIS had to be completed online. I guess if I cann...	woody88	12	5803	Tue Oct 18 09:04 2011 by Tom McClelland
	Payroll - Sole Trader turned Limited Company (Preview) Hello, could anyone advise me whether the payroll scheme for a sole trader needs to be closed down when he becomes a limited company, and then open up a new scheme in the limited company name? Or can the scheme run as normal? I've not done payroll for a limited company before. Other than the director bein...	morgwick	12	3594	Mon Oct 17 21:30 2011 by Truemanbrown
	EU Sales List - Swiss Company (Preview) Hello, Please can someone help .... I've just taken on a client who supply IT contractors to Swiss companies. They have not been charging VAT, which I think is ok. But when it comes to EC Sales List, I'm confused. As Switzerland are not part of the EU but have been advised to treat VAT the same as any other...	class71	1	7383	Mon Oct 17 21:07 2011 by BudgetB
	Claiming for vehicle repairs (Preview) A friend has asked me (as a bookkeeper) if she can claim an essential repair to her care as a business expense. She is a beautician and needs the car to visit clients and to get to her salon. I said yes but her boyfriend says no. Which of us is correct?	Suzie	3	1337	Sun Oct 16 16:06 2011 by Suzie
	Sage Payroll - Which one? (Preview) Ive been looking at the Sage payroll packages and Im a bit confused on which one to get. My training CD has been deleted due to a kind collegue installing new software which was an upgrade not a full program so have no sage payroll at all now . Have looked at Sage payroll instant and sage 50, but there are s...	chellawson	11	1873	Sat Oct 15 21:20 2011 by chellawson
	VAT on Invoices - Confusion (Preview) Can anybody help please? We are a vat registered company, and I think we have been doing some of our invoices to customers wrong. We put our costs on the invoice with vat, so thats ok, but we often also use the services of a garage. That garage invoice us with VAT added, which we pay (& claim vat back...	Louisa10	13	2132	Sat Oct 15 16:15 2011 by Don Tax
	Salary and drawings (Preview) Can someone who owns a limited company and takes a salary as a director also take drawings?	Suzie	9	1531	Fri Oct 14 21:35 2011 by Figurate
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