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

still-learning · still-learning

Hi all hope you can help me here ! I have looked through the forum but still cant quite find what I need - basically a customer paid us a large deposit for which we paid the VAT on I am now in the next vat quarter and he has supplied us with a VAT Code so his invoice is T4 and he doesnt pay the vat ! How do I correct th...

Noola · Noola

If you have underdeclared that means you owe HMRC? So this figure gets added to Box 1 for output tax? If you have overdeclared that means that HMRC owe you so you add this figure to Box 4 for input tax? Is this right? Thanks!

ADAS · ADAS

I had an interesting contact from a potential client today, who was looking for a UK based payroll agency. But I passed because I didn't know how to handle the following scenario: An EU company employees a member of staff who works exclusively in the Uk? The individual wasn't a sub-contractor or self-...

Diona · Diona

Hello I found some information in the forum about VAT Returns - Box 7: your total purchases excluding VAT: "You enter the total amount of purchases that are standard, zero rated or exempt. You do not include anything that is outside the scope of VAT. Remember also that purchases from non VAT regi...

LizzieT · LizzieT

Hi All, After a bit of advice if anyone has any experience of the following. I have a customer I do the VAT returns for his business for. As a completely seperate entity he has just converted an old stable block within his property (knocked to the ground and rebuilt) into a dwelling, with the aim of usin...

paulbarfoot · paulbarfoot

Hello, I hope someone can offer some advice. We run a small computer and technical service company and are on the flat rate VAT scheme as most of our turnover is on services. We plan to start a radio advertising campain, including be placed on the radio stations website. Is there anyway we can claim the V...

jillhicks · jillhicks

I have just started using moneysoft payroll. I have a client who has all part time staff who work different hours on during the week. They have a set number of hours holiday per year and take it off as hours. Is there any way I could track this in money soft as it looks to me as if you can only do days. Jill...

jillemily · jillemily

Any help on the following would be much appreciated. My husband started a new job in August '10 and he gave his P45 to the payroll person but it was his P45 from the previous tax year 09/10 as he was self employed inbetween. So the amount on the P45 had already been declared on his self assesment for 2009/10...

Diona · Diona

Could you give me please a sample of weekly hours breakdown for a self employed(builder)? Thanks a lot !

woody88 · woody88

Afternoon all, I use TaxCalc to produce Personal and Corporation Tax Returns and have a query relating to the small companies rate of 20%. When I completed a simple Limited Companies CT600 the software stated that as there was no tax due, the tax rate shown on the return has to be 28% due to a HMRC filing e...

AICB · AICB

I've looked online but can't find out whether a private limited company with 3 directors (and no other employees) is legally obliged to provide each of them with a printed payslip each month. If not, is it sufficient to maintain a spreasheet record showing just the Tax and NIC paymable, and paid, ea...

Lorraine · Lorraine

I have just this week began working for a new company, and have just come to post the VAT payment to the bank and I notice that the VAT Journal (the liabilities and control accounts Sage 2200-2202) is dated 3rd May instead on the end of the quarter which should have been 30th April. Would the easie...

boohoo · boohoo

Hi, Please can someone help me. I have started a new job whoever did the previous year's payroll processing didn't upgrade the software after 08/09. Therefore it looks like too much NI has been deducted and paid to IR for 10/11 (n/mind 09/10). What is the best way to approach sorting this out? Many th...

RuthA · RuthA

I've got one of those questions where I thought I knew the answer but I've seen something that is making me question myself, so I though I'd see what other people think. If a director takes out a personal loan and pays all of the funds from the loan into the company, then the repayments for the loan come fro...

chatcat · chatcat

Hi, In the last three months, our small company has branched out into selling goods on eBay and posting them to customers. Now the time approaches to fill in my VAT form. My question is, should the cost of the stamps I buy to post the items to customers be included in the total for Box 7 (Purchases excludin...

sarahleighton · sarahleighton

Hi All, Just wondering if anyone could please help me with a query on the VAT secondhand margin scheme. My client has bought an iPhone under this scheme so no VAT has been paid on the purchase. When he sells this on should he charge VAT on the full amount or should he purely charge VAT on the markup? Any help...

asinfish · asinfish

I am doing my first online submission of a CIS return. I thought I understood it but a little confused due to a report from the accounts programme a client is using. HMRC require the total payment made to the sub contractor, cost of materials, and total tax deducted. If subcontractor earnt £400 and was s...

Noola · Noola

I can't see anything on the HMRC website about this. Can we claim back VAT on this as there is no proof that calls made are actually for business purposes. Thanks in advance!

buckland10 · buckland10

Hi, the directors of the company I work for have calculated their mileage for the last financial year and I've been told that if I have VAT receipts for the fuel they purchased then I could use these to claim back the VAT on the mileage. Is this correct? If so, how do I show this in the accounts (I use Libe...

Wella · Wella

Any thoughts on the following At the end of every month client does a report of his turnover for a rolling 12 month period, to make sure he stays under the VAT threshold. He has a 5th April year end. When the sales figures were adjusted for last 25 days of April at the beginning of the year, and the first f...

Topic		Started By	Replies	Views	Last Post
	Cash Vat Accounting on sage - vat journals ?? (Preview) Hi all hope you can help me here ! I have looked through the forum but still cant quite find what I need - basically a customer paid us a large deposit for which we paid the VAT on I am now in the next vat quarter and he has supplied us with a VAT Code so his invoice is T4 and he doesnt pay the vat ! How do I correct th...	still-learning	3	2155	Thu Jun 30 13:51 2011 by Dalbir
	Quick vat return question (Preview) If you have underdeclared that means you owe HMRC? So this figure gets added to Box 1 for output tax? If you have overdeclared that means that HMRC owe you so you add this figure to Box 4 for input tax? Is this right? Thanks!	Noola	3	935	Thu Jun 30 11:35 2011 by BudgetB
	Overseas Company and UK Payroll Scheme? (Preview) I had an interesting contact from a potential client today, who was looking for a UK based payroll agency. But I passed because I didn't know how to handle the following scenario: An EU company employees a member of staff who works exclusively in the Uk? The individual wasn't a sub-contractor or self-...	ADAS	3	926	Thu Jun 30 09:34 2011 by Haysden
	VAT Returns - Box 7: your total purchases excluding VAT (Preview) Hello I found some information in the forum about VAT Returns - Box 7: your total purchases excluding VAT: "You enter the total amount of purchases that are standard, zero rated or exempt. You do not include anything that is outside the scope of VAT. Remember also that purchases from non VAT regi...	Diona	7	26796	Wed Jun 29 12:44 2011 by Wella
	Reclaiming VAT on a 'self build' (Preview) Hi All, After a bit of advice if anyone has any experience of the following. I have a customer I do the VAT returns for his business for. As a completely seperate entity he has just converted an old stable block within his property (knocked to the ground and rebuilt) into a dwelling, with the aim of usin...	LizzieT	4	4618	Wed Jun 29 12:42 2011 by leshoward
	Flat Rate VAT scheme, can I claim VAT back on Website\Radio Advertising (Preview) Hello, I hope someone can offer some advice. We run a small computer and technical service company and are on the flat rate VAT scheme as most of our turnover is on services. We plan to start a radio advertising campain, including be placed on the radio stations website. Is there anyway we can claim the V...	paulbarfoot	3	2313	Tue Jun 28 18:46 2011 by gbm
	moneysoft payroll (Preview) I have just started using moneysoft payroll. I have a client who has all part time staff who work different hours on during the week. They have a set number of hours holiday per year and take it off as hours. Is there any way I could track this in money soft as it looks to me as if you can only do days. Jill...	jillhicks	6	3719	Fri Jun 24 16:31 2011 by Don Tax
	Wrong P45 used! (Preview) Any help on the following would be much appreciated. My husband started a new job in August '10 and he gave his P45 to the payroll person but it was his P45 from the previous tax year 09/10 as he was self employed inbetween. So the amount on the P45 had already been declared on his self assesment for 2009/10...	jillemily	5	2708	Fri Jun 24 15:43 2011 by Don Tax
	Weekly hours breakdown for a self employed (Preview) Could you give me please a sample of weekly hours breakdown for a self employed(builder)? Thanks a lot !	Diona	7	6284	Fri Jun 24 15:27 2011 by Don Tax
	TaxCalc Corporation Tax Rate Error (Preview) Afternoon all, I use TaxCalc to produce Personal and Corporation Tax Returns and have a query relating to the small companies rate of 20%. When I completed a simple Limited Companies CT600 the software stated that as there was no tax due, the tax rate shown on the return has to be 28% due to a HMRC filing e...	woody88	2	1670	Fri Jun 24 15:16 2011 by Don Tax
	A basic question about payslips (Preview) I've looked online but can't find out whether a private limited company with 3 directors (and no other employees) is legally obliged to provide each of them with a printed payslip each month. If not, is it sufficient to maintain a spreasheet record showing just the Tax and NIC paymable, and paid, ea...	AICB	20	6685	Fri Jun 24 11:01 2011 by AICB
	VAT JOURNAL (Preview) I have just this week began working for a new company, and have just come to post the VAT payment to the bank and I notice that the VAT Journal (the liabilities and control accounts Sage 2200-2202) is dated 3rd May instead on the end of the quarter which should have been 30th April. Would the easie...	Lorraine	2	2405	Fri Jun 24 09:50 2011 by Lorraine
	NI problems (Preview) Hi, Please can someone help me. I have started a new job whoever did the previous year's payroll processing didn't upgrade the software after 08/09. Therefore it looks like too much NI has been deducted and paid to IR for 10/11 (n/mind 09/10). What is the best way to approach sorting this out? Many th...	boohoo	3	1090	Thu Jun 23 23:14 2011 by boohoo
	Directors personal loans (Preview) I've got one of those questions where I thought I knew the answer but I've seen something that is making me question myself, so I though I'd see what other people think. If a director takes out a personal loan and pays all of the funds from the loan into the company, then the repayments for the loan come fro...	RuthA	2	5903	Thu Jun 23 19:22 2011 by RuthA
	Does the cost of posting goods to customers appear in Box 7 on the VAT return? (Preview) Hi, In the last three months, our small company has branched out into selling goods on eBay and posting them to customers. Now the time approaches to fill in my VAT form. My question is, should the cost of the stamps I buy to post the items to customers be included in the total for Box 7 (Purchases excludin...	chatcat	6	2235	Thu Jun 23 10:19 2011 by Julie Hall
	VAT 2nd Hand Margin Scheme (Preview) Hi All, Just wondering if anyone could please help me with a query on the VAT secondhand margin scheme. My client has bought an iPhone under this scheme so no VAT has been paid on the purchase. When he sells this on should he charge VAT on the full amount or should he purely charge VAT on the markup? Any help...	sarahleighton	6	1308	Wed Jun 22 20:34 2011 by sarahleighton
	CIS online return (Preview) I am doing my first online submission of a CIS return. I thought I understood it but a little confused due to a report from the accounts programme a client is using. HMRC require the total payment made to the sub contractor, cost of materials, and total tax deducted. If subcontractor earnt £400 and was s...	asinfish	4	10681	Tue Jun 21 15:42 2011 by kjabook
	Mobile Phone top up (Preview) I can't see anything on the HMRC website about this. Can we claim back VAT on this as there is no proof that calls made are actually for business purposes. Thanks in advance!	Noola	4	7080	Tue Jun 21 09:43 2011 by BudgetB
	Claiming VAT Back on Mileage (Preview) Hi, the directors of the company I work for have calculated their mileage for the last financial year and I've been told that if I have VAT receipts for the fuel they purchased then I could use these to claim back the VAT on the mileage. Is this correct? If so, how do I show this in the accounts (I use Libe...	buckland10	5	6547	Sat Jun 18 18:25 2011 by Stardoe
	VAT Registration Threshold (Preview) Any thoughts on the following At the end of every month client does a report of his turnover for a rolling 12 month period, to make sure he stays under the VAT threshold. He has a 5th April year end. When the sales figures were adjusted for last 25 days of April at the beginning of the year, and the first f...	Wella	13	2372	Fri Jun 17 18:53 2011 by Shamus
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