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

Peasie · Peasie

Been having a bit of bother acting as an agent for two clients - the only ones I have. They don't show up in my client list. They are there when I log-in to the PAYE Desktop Viewer so I know they have been authorised. These clients were authorised using the paper forms, then a code would be sent out to them and...

Beverley · Beverley

Hi - has anybody ever had to do an overstated amendment for VAT? I have recently taken on a client and their previous vat return overstated sales by 9k, I know you have to fill in a form which I have. my question is on the actual vat return do I put the amended figures or the actual figures which relate the thi...

Pickle · Pickle

Some livestock has been sold at a market gross 869.00 then theres charges such as commission, washing and vat, net amount he banked being 821.97. I am doing the bookkeeping manually in excel and was wondering how I would record this? Would it be 869 on the income page and then the expenses along with t...

marudnis · marudnis

Hello, as I'm the rookie bookkeeper now [ but still learning] I have the following question. My boss employs 12 people as part-time staff. Their weekly wages are £96. Now, what would happen if he gave them a rise up to £105 a week? I mean, for now the employees don not qualifiy to any contributions and pen...

Peasie · Peasie

I have passed the Payroll exam from the ICB - but I worry about real life situations I have no idea how things operate. For instance, employees are entitled to 28 days holiday a year (or 5.6 weeks) - what would happen in the following situation. An employee starts work on the 1st December. At Christmas t...

kjmcculloch83 · kjmcculloch83

Some of you will know I have a new client who should have registered for VAT in April and hasn't. I'm doing the registration now. I understand that he can claim for goods he has bought up to 3 years before registration provided he still owns them, and services for 6 months. As he is a retail premises, how...

ADAS · ADAS

Are these reclaimable against tax on an accruals basis or a paid basis? I have a situation where subs have been paid in advance for a few years.. Thanks for any help.

Aleksandra · Aleksandra

Hi, I am trying to set up direct debit for both PAYE and CIS. Is it correct that the deductions for CIS + PAYE and NI should be enter together as one figure on the DD form? Thanks a lot. Aleksandra

spurs1952 · spurs1952

Would I be correct in saying that wages correctly paid (ie they meet all the respective mandatory requirements) under Student P38S do not appear on the P35 annual return. or P14s etc assuming that they are always under the relevant pay and nat. insurance thresholds. I'm pretty sure this is so but it'...

ClawzCTR · ClawzCTR

I have been getting on really well with my new employer recently, so much so he's just throwing more and more work my way, which is ACE!!! BUT... he threw me the Capital Gains tax query to me last week. Knowing nothing about it I had to do some research into it. Having understood it for the most part im sti...

meldowie · meldowie

Hi everyone. My head is about to explode with this issue and I have asked an Accountant but I'm still not 100% clear on this issue so I was wondering if someone on this forum may be able to help? A new client of ours owns 2 "Pool" Cars and then 2 Company cars. The drivers of the Pool cars expense F...

woody88 · woody88

Afternoon all, I have a query relating to the difference in Sales at the year end, due to accounting for VAT on a Flat Rate % basis. Example Sales Figures Net Vat Gross 10,000 2,000 12,000 Flat Rate % of 10% Therefore VAT paid to HMRC is £ 1,200. My question is where does...

RachaelD · RachaelD

Please can someone tell me whether the rent a sole trader on a domestic property abroad can be claimed as a business expense for tax and whether this is classed as a standard rated supply of services in the EC

stella1310 · stella1310

Hi, do you get a tax relief if you buy assets for the company? in this case property. as a investment to gain rent from it?

Newbie66 · Newbie66

I don't know an awful lot about this but I can I just check a few things with the people that know out there! If I buy purchases from the US and pay import VAT and customs duty am I right in thinking that I can reclaim the import VAT that I pay but not the customs duty. Can I reclaim it as long as I have a C79? Would...

AICB · AICB

Hello all, hot question: Self-employed, sole trader Client owns a flat; he lets it out to week & weekend visitors. He read up about fire safety and decided to buy a roll-up fire escape ladder for the inventory. It's a portable bag, so it's not really a fixture or fitting. Can the cost of this be...

Pickle · Pickle

I was wondering of voluntary vat can be paid quarterly like normal vat or if it has to be paid annually?

cath343 · cath343

Hi, I have a query about posting CIS deductions on sage line 50. We are a contractor who has 20% deducted from us and also deduct 20% from subcontractors who work for us. For our subcontractors we always post the invoice, then credit the 20% to nominal code 2212 and then process a bank payment when payin...

jsgraver · jsgraver

anyone know if it is possible to back date an application for the flat rate scheme as my new client turnover is in excess of 150,000? thanks

pmcclure · pmcclure

I hope to get some business from a local cafe, but it seems the vat on take away food etc seems to be a grey area. Does anyone do bookkeeping for a cafe and if so how do manage the vat on the take away element of sales. Would it be worthwhile using the vat flat rate scheme? I think its 12.5% of turnover Thanks Pet...

Topic		Started By	Replies	Views	Last Post
	HMRC - online authorisations - is this the best way? (Preview) Been having a bit of bother acting as an agent for two clients - the only ones I have. They don't show up in my client list. They are there when I log-in to the PAYE Desktop Viewer so I know they have been authorised. These clients were authorised using the paper forms, then a code would be sent out to them and...	Peasie	1	989	Fri Oct 14 17:18 2011 by Marky65
	Vat amendment (Preview) Hi - has anybody ever had to do an overstated amendment for VAT? I have recently taken on a client and their previous vat return overstated sales by 9k, I know you have to fill in a form which I have. my question is on the actual vat return do I put the amended figures or the actual figures which relate the thi...	Beverley	5	2302	Fri Oct 14 10:50 2011 by Beverley
	Simple vat question (Preview) Some livestock has been sold at a market gross 869.00 then theres charges such as commission, washing and vat, net amount he banked being 821.97. I am doing the bookkeeping manually in excel and was wondering how I would record this? Would it be 869 on the income page and then the expenses along with t...	Pickle	3	1086	Fri Oct 14 10:30 2011 by Wella
	NICs and stuff - new employees (Preview) Hello, as I'm the rookie bookkeeper now [ but still learning] I have the following question. My boss employs 12 people as part-time staff. Their weekly wages are £96. Now, what would happen if he gave them a rise up to £105 a week? I mean, for now the employees don not qualifiy to any contributions and pen...	marudnis	6	1577	Fri Oct 14 07:56 2011 by Tom McClelland
	Simple wages question(s) - holiday pay (Preview) I have passed the Payroll exam from the ICB - but I worry about real life situations I have no idea how things operate. For instance, employees are entitled to 28 days holiday a year (or 5.6 weeks) - what would happen in the following situation. An employee starts work on the 1st December. At Christmas t...	Peasie	10	1902	Thu Oct 13 17:08 2011 by Don Tax
	VAT Registration (Preview) Some of you will know I have a new client who should have registered for VAT in April and hasn't. I'm doing the registration now. I understand that he can claim for goods he has bought up to 3 years before registration provided he still owns them, and services for 6 months. As he is a retail premises, how...	kjmcculloch83	3	1169	Thu Oct 13 12:41 2011 by pinkdon
	Tax Relief on Professional Sub? (Preview) Are these reclaimable against tax on an accruals basis or a paid basis? I have a situation where subs have been paid in advance for a few years.. Thanks for any help.	ADAS	2	1000	Wed Oct 12 20:21 2011 by ADAS
	CIS/PAYE Direct Debit (Preview) Hi, I am trying to set up direct debit for both PAYE and CIS. Is it correct that the deductions for CIS + PAYE and NI should be enter together as one figure on the DD form? Thanks a lot. Aleksandra	Aleksandra	9	2640	Wed Oct 12 12:20 2011 by Tom McClelland
	P38S STUDENT FORM - does its info go on the P35? (Preview) Would I be correct in saying that wages correctly paid (ie they meet all the respective mandatory requirements) under Student P38S do not appear on the P35 annual return. or P14s etc assuming that they are always under the relevant pay and nat. insurance thresholds. I'm pretty sure this is so but it'...	spurs1952	0	1672	Tue Oct 11 16:15 2011 by spurs1952
	Capital Gains tax and property... (Preview) I have been getting on really well with my new employer recently, so much so he's just throwing more and more work my way, which is ACE!!! BUT... he threw me the Capital Gains tax query to me last week. Knowing nothing about it I had to do some research into it. Having understood it for the most part im sti...	ClawzCTR	6	1132	Tue Oct 11 13:38 2011 by Don Tax
	VAT on Mileage Company Car & Pool Car (Preview) Hi everyone. My head is about to explode with this issue and I have asked an Accountant but I'm still not 100% clear on this issue so I was wondering if someone on this forum may be able to help? A new client of ours owns 2 "Pool" Cars and then 2 Company cars. The drivers of the Pool cars expense F...	meldowie	4	3536	Mon Oct 10 10:18 2011 by gustavo
	Year End Posting for Flat Rate Scheme (FRS) - Sales Difference (Preview) Afternoon all, I have a query relating to the difference in Sales at the year end, due to accounting for VAT on a Flat Rate % basis. Example Sales Figures Net Vat Gross 10,000 2,000 12,000 Flat Rate % of 10% Therefore VAT paid to HMRC is £ 1,200. My question is where does...	woody88	2	1969	Sun Oct 9 14:02 2011 by woody88
	Accomodation Expenses in the EC (Preview) Please can someone tell me whether the rent a sole trader on a domestic property abroad can be claimed as a business expense for tax and whether this is classed as a standard rated supply of services in the EC	RachaelD	1	996	Sun Oct 9 13:48 2011 by YLB-HO
	Tax relief when buying assett for company? (Preview) Hi, do you get a tax relief if you buy assets for the company? in this case property. as a investment to gain rent from it?	stella1310	1	7186	Wed Oct 5 17:46 2011 by Wella
	Import VAT (Preview) I don't know an awful lot about this but I can I just check a few things with the people that know out there! If I buy purchases from the US and pay import VAT and customs duty am I right in thinking that I can reclaim the import VAT that I pay but not the customs duty. Can I reclaim it as long as I have a C79? Would...	Newbie66	3	1607	Thu Sep 29 22:23 2011 by ADAS
	Income from client's own property: allowable expense? (Preview) Hello all, hot question: Self-employed, sole trader Client owns a flat; he lets it out to week & weekend visitors. He read up about fire safety and decided to buy a roll-up fire escape ladder for the inventory. It's a portable bag, so it's not really a fixture or fitting. Can the cost of this be...	AICB	2	863	Wed Sep 28 23:24 2011 by AICB
	Can voluntary vat be paid quarterly? (Preview) I was wondering of voluntary vat can be paid quarterly like normal vat or if it has to be paid annually?	Pickle	1	1301	Wed Sep 28 21:52 2011 by Shamus
	CIS Payments and deductions (Preview) Hi, I have a query about posting CIS deductions on sage line 50. We are a contractor who has 20% deducted from us and also deduct 20% from subcontractors who work for us. For our subcontractors we always post the invoice, then credit the 20% to nominal code 2212 and then process a bank payment when payin...	cath343	1	2246	Wed Sep 28 15:43 2011 by Marky65
	joining flat rate scheme (Preview) anyone know if it is possible to back date an application for the flat rate scheme as my new client turnover is in excess of 150,000? thanks	jsgraver	11	2370	Wed Sep 28 13:29 2011 by Don Tax
	Running a cafe + Vat (Preview) I hope to get some business from a local cafe, but it seems the vat on take away food etc seems to be a grey area. Does anyone do bookkeeping for a cafe and if so how do manage the vat on the take away element of sales. Would it be worthwhile using the vat flat rate scheme? I think its 12.5% of turnover Thanks Pet...	pmcclure	5	9216	Mon Sep 26 16:40 2011 by spurs1952
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