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

asinfish · asinfish

I am new to QB and not confident how the VAT returns work. I have taken on a client with no hand over from the previous bookkeeper. The VAT return was run for the qtr ended 30.04.2011 just before I took over, but I am not sure the bookkeeper pressed "FILE RETURN" in QB. How can I check? I have print...

JohnBoy · JohnBoy

I have a client who fits car audio equipment and AC in commercial vehicles. He's been asked to go out to Greece next month to train some guys for some installation work that needs doing.My question is where does he stand with charging VAT?

Amanda · Amanda

Hi Everyone, My client had a small amount to pay on P11D he is a Ltd Company and I use Sage instants. My question is I've put the P11 D on as a Bank Payment posted to the DLA account but now I am having second thoughts and think its posted to the wrong Nom code? Can someone pleae advise which nom code it should...

gbm · gbm

We have a limited company client which hasn't traded but has a PAYE scheme. No employees, just directors (who didn't receive a wage). In the past, in these circumstances, it has been our understanding that as there were no P11 entries, you cannot submit a NIL P35. Instead, we have wrote to HMRC stati...

Vicki Newman · Vicki Newman

Hello I am just starting up my own book keeping from home. I am AAT qualified but have been working for a company up until now. Please could someone explain if I am able to prepare and submit tax returns for soletraders? Whilst at college I studied Personal taxation and business taxation but I'm sure I wa...

ADAS · ADAS

Hope someone can help me with this, I'm really confused. Can a directors of a ltd company claim working tax credits, where they pay themselves a mixture of dividends and salary at the pa. Assuming they are paying themselves at the paye threshold and the balance in dividends It was my understanding tha...

setmoa · setmoa

Hi I have just started the payroll for a small company and one of the employees is also a director. I have entered them onto Sage Payroll for the months of April and May 2011 as a director and it has come up as taking no national insurance from them at all so far. Is this correct? Any help would be appreciated...

woody88 · woody88

Hi all, This is my first post on here, but i've been hanging around this forum for around a month now and am still learning. I am AAT qualified but have just started my first job in practice and feel out of my depth as the exam questions are different to the real thing. I've been working a few days a week fo...

james1975 · james1975

I have a couple of questions I could really use some help with, so if anyone knows the answer Id be most appreciative. I registered for VAT on 1st April this year. Have been a sole trader for 4 years. I bought goods x 2 from the EU (germany) during this time., one paid for including VAT( they/I didnt have m...

morgwick · morgwick

Hi, does anyone know if a dispensation for expenses (to avoid completing P11d's) can be backdated to the last tax year?

Stardoe · Stardoe

Hi everyone, 1. I have already submitted a clients P35 and P14s to HMRC. However, on double checking the amounts actually paid (yes, I know I should have done this before submitting!) I have discovered that one of the employees has been paid £650 (net) more for the financial year than I have recorde...

Jerksi · Jerksi

My company was created 2 years ago. I buy and sell houses and I run a major construction business. During the past 12 months my construction business has really taken off and I have completed a lot of major projects.I keep receiving fines from HMRC for VAT, which I routinely pay. I want to know what I shou...

Noola · Noola

I have a receipt for a business mobile that has been upgraded to a new handset. The receipt is a zero amount so would I just file this in purchases or somewhere else? Or would you account for it even though its zero?

Agnes_ · Agnes_

Hi, just had a call from a client, she needs an overpaid tax return, she went from emplyment to another, but was given BR code. She has P60 and P45. And being honest, I've never done it before, and struggling to find where to start... Is there any form from HMRC to fill? or do I need to writet a letter to HMRC...

AICB · AICB

I ask because I don't deal with tax (yet) but have been asked where a client might find a definitive answer to this: He is a management consultant. He starts work and sends an invoice for an advance payment, both in March of FY10/11. The invoice was paid and the money went into his bank in May FY11/12....

Joanna · Joanna

Hi, does anybody had the same problem as me...?I bought the van for my business in March on hire purchase agreement.The invoice I get from a dealer was bit different because it was made on the finance company and my details been on the "delivery to..".the business manager said is all correc...

Keri M · Keri M

Hi there, Does anyone know how easy or difficult it is to switch from using sage payroll to the HMRC Cd Rom? Our payroll is currently done by our accountants and we are thinking of doing it ourselves with the cd rom.

Peasie · Peasie

I'm allowed to ask questions about payroll now as I've passed ICB Payroll Management exam. Been wanting to ask about this a few weeks now but didn't want to give the game away I was already doing payroll. (One of the businesses is the family plumbing company and the other is for my brother's wife). Thing...

debzinkent · debzinkent

I've had to enter an invoice as a journal as it's an inter-company transaction, so therefore there will be no "payment". I initially did Cr other company, dr Expense account and VAT liability account. Then I decided that perhaps it should be the Purchase tax control account rather than t...

Lilac Bookkeeping · Lilac Bookkeeping

Hi All Wonder if you can help. I am the bookkeeper for a Ltd Co and the directors have asked me to produce a budget for payroll for the year. The only problem is I dont believe I can budget for PAYE and NIC (Employee and Employer's). Do I have to use HMRC tax tables to try and work out future PAYE and NIC's for t...

Topic		Started By	Replies	Views	Last Post
	Filing a VAT return in Quick Books 2010 pro (Preview) I am new to QB and not confident how the VAT returns work. I have taken on a client with no hand over from the previous bookkeeper. The VAT return was run for the qtr ended 30.04.2011 just before I took over, but I am not sure the bookkeeper pressed "FILE RETURN" in QB. How can I check? I have print...	asinfish	4	1282	Fri Jun 17 15:10 2011 by mushroom
	Training in Greece - VAT Charging (Preview) I have a client who fits car audio equipment and AC in commercial vehicles. He's been asked to go out to Greece next month to train some guys for some installation work that needs doing.My question is where does he stand with charging VAT?	JohnBoy	3	3395	Wed Jun 15 12:43 2011 by JohnBoy
	Need some help on Sage P11D (Preview) Hi Everyone, My client had a small amount to pay on P11D he is a Ltd Company and I use Sage instants. My question is I've put the P11 D on as a Bank Payment posted to the DLA account but now I am having second thoughts and think its posted to the wrong Nom code? Can someone pleae advise which nom code it should...	Amanda	2	5532	Mon Jun 13 18:02 2011 by Amanda
	Would you submit a P35 in these circumstances? (Preview) We have a limited company client which hasn't traded but has a PAYE scheme. No employees, just directors (who didn't receive a wage). In the past, in these circumstances, it has been our understanding that as there were no P11 entries, you cannot submit a NIL P35. Instead, we have wrote to HMRC stati...	gbm	9	4482	Mon Jun 13 09:46 2011 by gbm
	Tax and AAT qualification (Preview) Hello I am just starting up my own book keeping from home. I am AAT qualified but have been working for a company up until now. Please could someone explain if I am able to prepare and submit tax returns for soletraders? Whilst at college I studied Personal taxation and business taxation but I'm sure I wa...	Vicki Newman	3	2593	Sat Jun 11 12:22 2011 by Anderson Accountancy
	Tax Credits (Preview) Hope someone can help me with this, I'm really confused. Can a directors of a ltd company claim working tax credits, where they pay themselves a mixture of dividends and salary at the pa. Assuming they are paying themselves at the paye threshold and the balance in dividends It was my understanding tha...	ADAS	10	13580	Fri Jun 10 21:57 2011 by ADAS
	Directors NIC?? (Preview) Hi I have just started the payroll for a small company and one of the employees is also a director. I have entered them onto Sage Payroll for the months of April and May 2011 as a director and it has come up as taking no national insurance from them at all so far. Is this correct? Any help would be appreciated...	setmoa	4	3442	Thu Jun 9 21:30 2011 by semsley
	Corporation Tax Help (Preview) Hi all, This is my first post on here, but i've been hanging around this forum for around a month now and am still learning. I am AAT qualified but have just started my first job in practice and feel out of my depth as the exam questions are different to the real thing. I've been working a few days a week fo...	woody88	6	2070	Thu Jun 9 12:42 2011 by gbm
	EU Purchases (Preview) I have a couple of questions I could really use some help with, so if anyone knows the answer Id be most appreciative. I registered for VAT on 1st April this year. Have been a sole trader for 4 years. I bought goods x 2 from the EU (germany) during this time., one paid for including VAT( they/I didnt have m...	james1975	2	1106	Fri Jun 3 10:55 2011 by Dalbir
	Can A Dispensation be Back Dated? (Preview) Hi, does anyone know if a dispensation for expenses (to avoid completing P11d's) can be backdated to the last tax year?	morgwick	3	2146	Fri Jun 3 04:36 2011 by Merlion ABS
	Amending P14 & P35 (Preview) Hi everyone, 1. I have already submitted a clients P35 and P14s to HMRC. However, on double checking the amounts actually paid (yes, I know I should have done this before submitting!) I have discovered that one of the employees has been paid £650 (net) more for the financial year than I have recorde...	Stardoe	6	3933	Thu Jun 2 17:35 2011 by Stardoe
	How to do VAT and annual company accounts (completely clueless) (Preview) My company was created 2 years ago. I buy and sell houses and I run a major construction business. During the past 12 months my construction business has really taken off and I have completed a lot of major projects.I keep receiving fines from HMRC for VAT, which I routinely pay. I want to know what I shou...	Jerksi	13	10877	Tue May 31 19:28 2011 by semsley
	contract mobile upgrade (Preview) I have a receipt for a business mobile that has been upgraded to a new handset. The receipt is a zero amount so would I just file this in purchases or somewhere else? Or would you account for it even though its zero?	Noola	1	927	Tue May 31 10:36 2011 by Shamus
	overpaid tax return? (Preview) Hi, just had a call from a client, she needs an overpaid tax return, she went from emplyment to another, but was given BR code. She has P60 and P45. And being honest, I've never done it before, and struggling to find where to start... Is there any form from HMRC to fill? or do I need to writet a letter to HMRC...	Agnes_	17	1837	Sat May 28 18:54 2011 by gbm
	PAYE. When does the taxable event occur? (Preview) I ask because I don't deal with tax (yet) but have been asked where a client might find a definitive answer to this: He is a management consultant. He starts work and sends an invoice for an advance payment, both in March of FY10/11. The invoice was paid and the money went into his bank in May FY11/12....	AICB	9	7336	Fri May 20 17:47 2011 by AICB
	reclaim VAT on hire purchase (Preview) Hi, does anybody had the same problem as me...?I bought the van for my business in March on hire purchase agreement.The invoice I get from a dealer was bit different because it was made on the finance company and my details been on the "delivery to..".the business manager said is all correc...	Joanna	5	14528	Thu May 19 21:24 2011 by Shamus
	Changing from Sage payroll to HMRC CD Rom (Preview) Hi there, Does anyone know how easy or difficult it is to switch from using sage payroll to the HMRC Cd Rom? Our payroll is currently done by our accountants and we are thinking of doing it ourselves with the cd rom.	Keri M	8	2567	Thu May 19 20:57 2011 by Susie Sue
	Filing end of Year returns from Payroll Manager (Preview) I'm allowed to ask questions about payroll now as I've passed ICB Payroll Management exam. Been wanting to ask about this a few weeks now but didn't want to give the game away I was already doing payroll. (One of the businesses is the family plumbing company and the other is for my brother's wife). Thing...	Peasie	14	3362	Thu May 19 13:06 2011 by annepebo
	How does the VAT return treat a journal? (Preview) I've had to enter an invoice as a journal as it's an inter-company transaction, so therefore there will be no "payment". I initially did Cr other company, dr Expense account and VAT liability account. Then I decided that perhaps it should be the Purchase tax control account rather than t...	debzinkent	3	2729	Thu May 19 13:03 2011 by debzinkent
	Budgeting for payroll (Preview) Hi All Wonder if you can help. I am the bookkeeper for a Ltd Co and the directors have asked me to produce a budget for payroll for the year. The only problem is I dont believe I can budget for PAYE and NIC (Employee and Employer's). Do I have to use HMRC tax tables to try and work out future PAYE and NIC's for t...	Lilac Bookkeeping	6	3450	Thu May 19 11:18 2011 by Lilac Bookkeeping
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