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

MariaReed · MariaReed

Hi, A client wants his company to buy him a suit for meeting new clients and the like. I've been reading on HMRC re clothes and have gathered that however this is done, i.e ownership passes to the director or not, suit bears company logo or not, unless a dispensation is applied for and allowed a P11d will h...

Marky65 · Marky65

Hi I have just picked up a client to do the bookkeeping for, he is a painter & decorator who issues invoices to his clients and when they are paid they have the 20% CIS tax deducted from the labour only. He has received most of of his CIS payment and deduction statements but not all of them, am I corre...

Rahdi Rah Rah · Rahdi Rah Rah

Hi I dont understand journals, I need to post wages onto Sage but people are telling me the only way to do this is buy using journals, I dont have a clue how to use journals or what data to input. I have searched everything online but nothing is useful, can anyone on here help me please. Thank you

Sammy76 · Sammy76

Looking for a bit of advice on my own tax return. From April 2010 till Jan I was employed but I was on maternity leave. I was payed a very slightly (£2 a week) enhanced SMP and had tax & NI deducted, though very small amounts. On my last tax return (2009-10) I had been employed for some of it and claimed m...

Aleksandra · Aleksandra

Hi, I have a couple of questions regarding VAT and I would be very grateful if you guys helped me... 1.What is the method of correcting a following error - services from EU which are subject to 'reverse charge' were submitted as goods acquisitions on a VAT return (transactions worth no more than £500) ?...

StuartAnder · StuartAnder

Hi Sorry so this question. Im starting a business soon selling cosmetic items (self employed, not a limited company), I will be charged VAT by my suppliers. My turnover will be well under the registration threshold, but can i still register to reclaim the VAT charged from my suppliers?? Thanks stu...

Dennis · Dennis

hi everyone, I havent use the forum for sometime, but i need your help so i m back. Can someone please help me. scenario Salary 24000k pa, and this is the first job since April, what code should I use and how is the tax calculated. I have used 767L the emergency code as there is no P45 and is statement A, howe...

AICB · AICB

Hello all, Back in April I ordered Sage Patroll 2012 in Easy Steps (by Gillian Gilert) from Amazon. Since then, delivery has been put back and back every month. When the estimated delivery date slipped yet again to 7 April 2012, I lost faith and canceled. Does anyone have a recommedation for guiding a n...

Vix606 · Vix606

Hi, the business I work for is relocating and the proprietor has agreed to sell some of his equipment to the new tenants (they are both mechanics). He received part payment of the price agreed and provided the buyer with a letter as means of receipt, however I noted that there is no mention of VAT on it, a...

Kate · Kate

Hi all, I've just stumbled onto your website and wondered if anybody can give me some advice on the following. I do accounts for 3 family run businesses which are all run and based here in the UK. One of the business is purely on-line selling and they want to set an affiliate program so other people can sel...

Nikki · Nikki

Hello... I could do with some advice.. I am trying to help someone with their books. He is a ltd company builder. He has a van that he hasn't put into the business. The van is Duel Fuel Petrol/LPG He only uses it for business. What % of VAT can he claim on the fuel? and is it different for the Petrol and the LP...

sarahleighton · sarahleighton

One of my clients has recently started letting out a residential flat above his office. I phoned the VAT Office yesterday and confirmed that this income is exempt of VAT - but which code do I use in SAGE - T2 or T9? Using T2 includes this amount in box 6 so when grossed up gives an inaccurate VAT figure for b...

KEELY · KEELY

Hi I have just started doing the bookkeeping for a company who buys there goods from China and the company I work for sells its goods to customers all over the world, I havent done this type of accounts before and want someone to tell me if I am accounting for vat correctly. Firstly on the companys sales a...

jenand · jenand

I have an expense receipt and the VAT on it is still at 17.5% (dated July 2011). When posting this payment should I use T1 and change the VAT amount or use T5 for 17.5%?

Mikey1956 · Mikey1956

Hi everyone Whilst looking for an answer to what I hope is a straightforward question I have found this great looking forum and thought I would pop in to ask the question and then stick around to hopefully help others. Before I post question I think I ought to give brief intro, my name is Mike and I run my ow...

numbnumber · numbnumber

I have sage V15 on my laptop to do one client's accounts. I have just started work for a new client and they have bought V17 and installed it on their computer and want me to have it on my laptop so I can work from home. I fear that if I install V17 it will overight V15 and I will not be able to work on the origin...

Janem · Janem

A purchase has been made for goods from an EU supplier. I went to input the invoice in the usual way ( Suppliers / batch invoices) I went to use the T8 vat code, as this was what I was advised by another bookkeeper but an alert message came up in SAGE saying I should not use this code. I did press save and it did s...

favour · favour

Hi all, I have just started bookkeeping practice, and would like to know, how much I can charge a client for doing their payroll per employee or hour -- Edited by favour on Saturday 20th of August 2011 12:00:54 AM

Silly Digits · Silly Digits

A client who is a chip shop has issued a gift voucher which has now been used by the customer. How is this treated mainly for VAT purposes. Is it included in turnover when the customer has used the voucher??

Ask Andrina · Ask Andrina

Hi, can anyone please recommend a good free payroll system that does everything including directors or an inexpensive one for small business with less than 5 employees? I'm used to working on Sage, but my clients don't necessarily want to purchase this. Many thanks

Topic		Started By	Replies	Views	Last Post
	Suit & Logo for Director - confirmation of my thoughts required please (Preview) Hi, A client wants his company to buy him a suit for meeting new clients and the like. I've been reading on HMRC re clothes and have gathered that however this is done, i.e ownership passes to the director or not, suit bears company logo or not, unless a dispensation is applied for and allowed a P11d will h...	MariaReed	1	1450	Thu Sep 1 13:17 2011 by gbm
	CIS Deduction (Preview) Hi I have just picked up a client to do the bookkeeping for, he is a painter & decorator who issues invoices to his clients and when they are paid they have the 20% CIS tax deducted from the labour only. He has received most of of his CIS payment and deduction statements but not all of them, am I corre...	Marky65	8	11312	Wed Aug 31 16:05 2011 by ADAS
	Journals (Preview) Hi I dont understand journals, I need to post wages onto Sage but people are telling me the only way to do this is buy using journals, I dont have a clue how to use journals or what data to input. I have searched everything online but nothing is useful, can anyone on here help me please. Thank you	Rahdi Rah Rah	5	2802	Wed Aug 31 14:23 2011 by Anderson Accountancy
	Personal tax return (Preview) Looking for a bit of advice on my own tax return. From April 2010 till Jan I was employed but I was on maternity leave. I was payed a very slightly (£2 a week) enhanced SMP and had tax & NI deducted, though very small amounts. On my last tax return (2009-10) I had been employed for some of it and claimed m...	Sammy76	2	1123	Wed Aug 31 14:20 2011 by Anderson Accountancy
	A couple of VAT questions... (Preview) Hi, I have a couple of questions regarding VAT and I would be very grateful if you guys helped me... 1.What is the method of correcting a following error - services from EU which are subject to 'reverse charge' were submitted as goods acquisitions on a VAT return (transactions worth no more than £500) ?...	Aleksandra	4	1148	Wed Aug 31 14:17 2011 by Anderson Accountancy
	VAT Registration (Preview) Hi Sorry so this question. Im starting a business soon selling cosmetic items (self employed, not a limited company), I will be charged VAT by my suppliers. My turnover will be well under the registration threshold, but can i still register to reclaim the VAT charged from my suppliers?? Thanks stu...	StuartAnder	3	1010	Wed Aug 31 14:13 2011 by Anderson Accountancy
	Payroll, and Tax Code (Preview) hi everyone, I havent use the forum for sometime, but i need your help so i m back. Can someone please help me. scenario Salary 24000k pa, and this is the first job since April, what code should I use and how is the tax calculated. I have used 767L the emergency code as there is no P45 and is statement A, howe...	Dennis	5	3976	Wed Aug 31 08:52 2011 by Tom McClelland
	Sage Payroll 2012 - book recommendation sought. (Preview) Hello all, Back in April I ordered Sage Patroll 2012 in Easy Steps (by Gillian Gilert) from Amazon. Since then, delivery has been put back and back every month. When the estimated delivery date slipped yet again to 7 April 2012, I lost faith and canceled. Does anyone have a recommedation for guiding a n...	AICB	2	1503	Tue Aug 30 19:22 2011 by AICB
	Sale of Equipment (Preview) Hi, the business I work for is relocating and the proprietor has agreed to sell some of his equipment to the new tenants (they are both mechanics). He received part payment of the price agreed and provided the buyer with a letter as means of receipt, however I noted that there is no mention of VAT on it, a...	Vix606	2	1220	Mon Aug 29 19:58 2011 by Vix606
	Tax implications for affiliates. (Preview) Hi all, I've just stumbled onto your website and wondered if anybody can give me some advice on the following. I do accounts for 3 family run businesses which are all run and based here in the UK. One of the business is purely on-line selling and they want to set an affiliate program so other people can sel...	Kate	2	881	Mon Aug 29 14:14 2011 by YLB-HO
	HELP NEEDED!!!!! Duel Fuel Van (Preview) Hello... I could do with some advice.. I am trying to help someone with their books. He is a ltd company builder. He has a van that he hasn't put into the business. The van is Duel Fuel Petrol/LPG He only uses it for business. What % of VAT can he claim on the fuel? and is it different for the Petrol and the LP...	Nikki	1	759	Sat Aug 27 18:37 2011 by woody88
	T2 or T9 for residential rental income (Preview) One of my clients has recently started letting out a residential flat above his office. I phoned the VAT Office yesterday and confirmed that this income is exempt of VAT - but which code do I use in SAGE - T2 or T9? Using T2 includes this amount in box 6 so when grossed up gives an inaccurate VAT figure for b...	sarahleighton	2	4662	Sat Aug 27 07:59 2011 by sarahleighton
	vat on overseas supplies (Preview) Hi I have just started doing the bookkeeping for a company who buys there goods from China and the company I work for sells its goods to customers all over the world, I havent done this type of accounts before and want someone to tell me if I am accounting for vat correctly. Firstly on the companys sales a...	KEELY	13	6916	Fri Aug 26 23:41 2011 by KEELY
	T1 or T9 for 17.5% VAT?? (Preview) I have an expense receipt and the VAT on it is still at 17.5% (dated July 2011). When posting this payment should I use T1 and change the VAT amount or use T5 for 17.5%?	jenand	7	2543	Fri Aug 26 19:15 2011 by Wella
	Self Assessment & Payments on Account (Preview) Hi everyone Whilst looking for an answer to what I hope is a straightforward question I have found this great looking forum and thought I would pop in to ask the question and then stick around to hopefully help others. Before I post question I think I ought to give brief intro, my name is Mike and I run my ow...	Mikey1956	4	2174	Wed Aug 24 10:14 2011 by Mikey1956
	Different Versions of Sage (Preview) I have sage V15 on my laptop to do one client's accounts. I have just started work for a new client and they have bought V17 and installed it on their computer and want me to have it on my laptop so I can work from home. I fear that if I install V17 it will overight V15 and I will not be able to work on the origin...	numbnumber	2	1606	Tue Aug 23 21:56 2011 by Figurate
	EU purchases and SAGE VAT (Preview) A purchase has been made for goods from an EU supplier. I went to input the invoice in the usual way ( Suppliers / batch invoices) I went to use the T8 vat code, as this was what I was advised by another bookkeeper but an alert message came up in SAGE saying I should not use this code. I did press save and it did s...	Janem	2	2342	Tue Aug 23 09:12 2011 by Janem
	charge rate Payroll (Preview) Hi all, I have just started bookkeeping practice, and would like to know, how much I can charge a client for doing their payroll per employee or hour -- Edited by favour on Saturday 20th of August 2011 12:00:54 AM	favour	3	1773	Sat Aug 20 13:03 2011 by Shamus
	Voucher (Preview) A client who is a chip shop has issued a gift voucher which has now been used by the customer. How is this treated mainly for VAT purposes. Is it included in turnover when the customer has used the voucher??	Silly Digits	3	1394	Thu Aug 18 13:28 2011 by Silly Digits
	Payroll systems (Preview) Hi, can anyone please recommend a good free payroll system that does everything including directors or an inexpensive one for small business with less than 5 employees? I'm used to working on Sage, but my clients don't necessarily want to purchase this. Many thanks	Ask Andrina	4	961	Wed Aug 17 14:36 2011 by Ask Andrina
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