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

Don Tax · Don Tax

Hi I'm doing an SA for a part time gym instructor and his first accounts have a turnover of £2000. It is better to claim actual expenses and 10% capital allowances as the value of the car introduced was £20K and there is 25% business use. I nearly reverted to the 40ppm being concerned that he may get fleece...

dsavickij · dsavickij

Hi, I just started studying accounts and I am confused about VAT As i understand VAT is charged on the net amount if an early payment discount is given, so if 5% dicount is given on £100 order the VAT is only charged on £95 even if the payment is received after the early payment date. I understand all that b...

gustavo · gustavo

HI All, I am back again with a question. Whats the best tax code to put if we want to re employ someone again? As we are a small business, we dont pay holidays to all the employees (what ever accrued/left). Sometimes, the employees come back and ask for their holidays to be paid. Now the issue, we could sta...

ProBowlUK · ProBowlUK

Executors of a person's will have instructions to split the estate 50/50 to family and a charity. The estate includes a house (estimated value £320,000). Will the charity be liable for any Tax, VAT, Stamp Duty, Inheritance Tax ? If so, is any of it recoverable by the charity ? -- Edited by ProBo...

pinkdon · pinkdon

Hi, I'm really hoping someone can help. We are a small restaurant, VAT registered, and have just ran a Groupon promotion. I'm unsure how I show this in our Sage accounts. We are invoiced once a month from Groupon which show's the value of redeemed vouchers, their commision and VAT. As I understand it, w...

gustavo · gustavo

HI all, I just noticed when i did my last payroll, that one of the employees on 747l didnt pay any tax. He joined us on 30th aug and on his p46 he is ticked Box A and was his first salary with us. I thought, he would be taxed as he was on 747l. Also , can someone explain what is tax code K. An example would be approp...

MonicaG · MonicaG

Hi everyone, Sage 50 I am starting a new job and my first issue is that the employee before me has done something wrong and I will have to fix it. She has posted an invoice from a customer and said paid on the account, in the last quarter, but the costumer only paid this quarter. What is there to do? Thank you...

Amanda · Amanda

Hi Everyone, I have a client who exports and imports goods, that part is ok with the VAT. The problem we have is hes hire a stand at a show in Germany, now the last time he did it Germany show charged us VAT at 19% and it took forever to reclaim it back. However he is doing the show again and has booked the stan...

Palawan · Palawan

A couple of questions about the liability adjustment feature in Quickbooks (QB) and its proper use. I'm not sure if I have used it in the correct way and really appreciate your thoughts: 1. A pension liability payment was overpaid by mistake by £500 and so the pension provider reduced the next months...

djzolla · djzolla

Hi there I have made a little mistake and paid the HMRC 20p too much in July for PAYE. As I am doing the books within Sage 50 Accounts I am a little stuck on what to do. Do I just adjust the books for August taking into account the 20p ie. I substract the 20p off of the PAYE in August? Any info would be appreciated...

KMBbooks · KMBbooks

Hi, I'm doing the usual monthly payroll journal, but for some reason can't get them to balance. I'm sure it's something I've just been staring at for too long, but grateful for some help! Wherever I look, the figures are right from the Payroll report and my CR side for August total is correct. There is a £...

Don Tax · Don Tax

http://www.litrg.org.uk/News/2011/hmrc-service-standards

Sweetpea · Sweetpea

Hello, I started to study Payroll not long ago. I am very close to send the last assignment to my tutor than register for my exam. Before I do that I would like to do some exercises for manual calculations to make sure I am ready for my exam. I have been looking online but could not find any books with Payrol...

Terri · Terri

Today I posted out 100 flyers to businesses in my area, offering not only a bookkeeping service but now that I am qualified to do payroll - I am also offering that service. I do find payroll interesting and really hope that I get a few clients. I have been looking at 12 pay and moneysoft payroll manager a...

Toepoke · Toepoke

Good evening all. I have just registered and I hope I am doing this right or I probably won't get many responses. I am helping a friend get started with her new mobile hairdressing business and will be doing her accounts and tax return. I have set up her initial record keeping schedules for her exp...

linda19 · linda19

Hi, Which N/C do i post the chq for the monthly PAYE to? Is it 2210. Do i have to split the amounts each month for Tax & Ni Thank you

KEELY · KEELY

i would like some advice. My niece has started doing some part time work for a promotions company wher her average monthly salary is aroun £120.00. However the agency has requested that she submit a monthly invoice to them, thus meaning they are treating her as self employed. When she got paid they...

smudge · smudge

Hello, Hi normally where exporting and removing VAT we ship purchases ourselves and therefore have the proof. From my understanding for this to happen we must do so within three months of invoicing, declare at full value and have proof of export from the shippers, I have a client who wants to export hi...

MariaReed · MariaReed

Hi Just a quickie and prob very easy. I think I know the answer, just need it confirmed to me. I'm looking at a Virgin media bill and deciding what I can reclaim VAT wise. The call charges are easy - the invoice details the VAT element separately. I'm finding the service charge - which is made up of line rent...

sage123 · sage123

Hi All, I got a slight issue. One of the employees has demanded that his wages should be 2000 pm, irrespective of what he earns due to his mortgage application and the need for a fixed amount as salary. He is on an hourly rate and does normally 275 hours pm @6.85. So, he is promised to pay bak the difference w...

Topic		Started By	Replies	Views	Last Post
	BMW Z4 qualms (Preview) Hi I'm doing an SA for a part time gym instructor and his first accounts have a turnover of £2000. It is better to claim actual expenses and 10% capital allowances as the value of the car introduced was £20K and there is 25% business use. I nearly reverted to the 40ppm being concerned that he may get fleece...	Don Tax	4	1305	Sun Sep 25 23:07 2011 by Don Tax
	VAT confusion (Preview) Hi, I just started studying accounts and I am confused about VAT As i understand VAT is charged on the net amount if an early payment discount is given, so if 5% dicount is given on £100 order the VAT is only charged on £95 even if the payment is received after the early payment date. I understand all that b...	dsavickij	4	6787	Sat Sep 24 11:42 2011 by Peasie
	re employing someone left last month (Preview) HI All, I am back again with a question. Whats the best tax code to put if we want to re employ someone again? As we are a small business, we dont pay holidays to all the employees (what ever accrued/left). Sometimes, the employees come back and ask for their holidays to be paid. Now the issue, we could sta...	gustavo	10	14925	Fri Sep 23 19:45 2011 by Tom McClelland
	Charitable bequests (Preview) Executors of a person's will have instructions to split the estate 50/50 to family and a charity. The estate includes a house (estimated value £320,000). Will the charity be liable for any Tax, VAT, Stamp Duty, Inheritance Tax ? If so, is any of it recoverable by the charity ? -- Edited by ProBo...	ProBowlUK	4	1664	Thu Sep 22 16:04 2011 by YLB-HO
	Groupon (Preview) Hi, I'm really hoping someone can help. We are a small restaurant, VAT registered, and have just ran a Groupon promotion. I'm unsure how I show this in our Sage accounts. We are invoiced once a month from Groupon which show's the value of redeemed vouchers, their commision and VAT. As I understand it, w...	pinkdon	0	1899	Wed Sep 21 12:25 2011 by pinkdon
	New employee (Preview) HI all, I just noticed when i did my last payroll, that one of the employees on 747l didnt pay any tax. He joined us on 30th aug and on his p46 he is ticked Box A and was his first salary with us. I thought, he would be taxed as he was on 747l. Also , can someone explain what is tax code K. An example would be approp...	gustavo	4	2530	Tue Sep 20 21:56 2011 by gustavo
	Invoice posting and recording as paid when the customer hasn't, what to do? (Preview) Hi everyone, Sage 50 I am starting a new job and my first issue is that the employee before me has done something wrong and I will have to fix it. She has posted an invoice from a customer and said paid on the account, in the last quarter, but the costumer only paid this quarter. What is there to do? Thank you...	MonicaG	6	1594	Mon Sep 19 12:42 2011 by Susie Sue
	VAT - UK company charging VAT for services in Germany (Preview) Hi Everyone, I have a client who exports and imports goods, that part is ok with the VAT. The problem we have is hes hire a stand at a show in Germany, now the last time he did it Germany show charged us VAT at 19% and it took forever to reclaim it back. However he is doing the show again and has booked the stan...	Amanda	7	3823	Sun Sep 18 13:02 2011 by Wella
	Payroll and Pension liabilities (Preview) A couple of questions about the liability adjustment feature in Quickbooks (QB) and its proper use. I'm not sure if I have used it in the correct way and really appreciate your thoughts: 1. A pension liability payment was overpaid by mistake by £500 and so the pension provider reduced the next months...	Palawan	0	2754	Sat Sep 17 15:15 2011 by Palawan
	Paid HMRC too much (Preview) Hi there I have made a little mistake and paid the HMRC 20p too much in July for PAYE. As I am doing the books within Sage 50 Accounts I am a little stuck on what to do. Do I just adjust the books for August taking into account the 20p ie. I substract the 20p off of the PAYE in August? Any info would be appreciated...	djzolla	2	1043	Fri Sep 16 20:57 2011 by djzolla
	Payroll journal annoying me! (Preview) Hi, I'm doing the usual monthly payroll journal, but for some reason can't get them to balance. I'm sure it's something I've just been staring at for too long, but grateful for some help! Wherever I look, the figures are right from the Payroll report and my CR side for August total is correct. There is a £...	KMBbooks	4	1303	Fri Sep 16 12:25 2011 by KMBbooks
	HMRC Service Standards - Joint Statement (Preview) http://www.litrg.org.uk/News/2011/hmrc-service-standards	Don Tax	0	1124	Fri Sep 16 11:20 2011 by Don Tax
	Payroll exercises (Preview) Hello, I started to study Payroll not long ago. I am very close to send the last assignment to my tutor than register for my exam. Before I do that I would like to do some exercises for manual calculations to make sure I am ready for my exam. I have been looking online but could not find any books with Payrol...	Sweetpea	4	7037	Fri Sep 9 15:17 2011 by Sweetpea
	Woo Hoo - Payroll! (Preview) Today I posted out 100 flyers to businesses in my area, offering not only a bookkeeping service but now that I am qualified to do payroll - I am also offering that service. I do find payroll interesting and really hope that I get a few clients. I have been looking at 12 pay and moneysoft payroll manager a...	Terri	8	2044	Thu Sep 8 13:53 2011 by Tom McClelland
	Motor expenses (Preview) Good evening all. I have just registered and I hope I am doing this right or I probably won't get many responses. I am helping a friend get started with her new mobile hairdressing business and will be doing her accounts and tax return. I have set up her initial record keeping schedules for her exp...	Toepoke	3	1209	Thu Sep 8 01:25 2011 by Don Tax
	PAYE - Line 50 (Preview) Hi, Which N/C do i post the chq for the monthly PAYE to? Is it 2210. Do i have to split the amounts each month for Tax & Ni Thank you	linda19	2	1351	Wed Sep 7 18:21 2011 by linda19
	tax as self employed (Preview) i would like some advice. My niece has started doing some part time work for a promotions company wher her average monthly salary is aroun £120.00. However the agency has requested that she submit a monthly invoice to them, thus meaning they are treating her as self employed. When she got paid they...	KEELY	9	1602	Tue Sep 6 14:25 2011 by AICB
	proof of export outside of EU in order to zero rate (Preview) Hello, Hi normally where exporting and removing VAT we ship purchases ourselves and therefore have the proof. From my understanding for this to happen we must do so within three months of invoicing, declare at full value and have proof of export from the shippers, I have a client who wants to export hi...	smudge	5	2031	Mon Sep 5 19:11 2011 by smudge
	VAT on Virgin Media invoices - what can I reclaim? (Preview) Hi Just a quickie and prob very easy. I think I know the answer, just need it confirmed to me. I'm looking at a Virgin media bill and deciding what I can reclaim VAT wise. The call charges are easy - the invoice details the VAT element separately. I'm finding the service charge - which is made up of line rent...	MariaReed	3	10823	Sun Sep 4 16:42 2011 by MariaReed
	Payroll journals (Preview) Hi All, I got a slight issue. One of the employees has demanded that his wages should be 2000 pm, irrespective of what he earns due to his mortgage application and the need for a fixed amount as salary. He is on an hourly rate and does normally 275 hours pm @6.85. So, he is promised to pay bak the difference w...	sage123	6	1940	Thu Sep 1 19:14 2011 by sage123
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