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

Koonstheman · Koonstheman

Bear with me, because while this may seen food and drink for most, I've not found absolute clarity to be comfortable. I will give a hypothetical example. The situation is an expense by Employee A of Company A. By contract, Company A invoices company B for these expenses. Now, Employee A comes to me with...

linda19 · linda19

I have done a Vat return, that has EC Purchases which the total amount has gone in to box 9 but has not gone to Box 7. I have checked the setting in the cinfiguration Tax Terms. I have linked Tcode 7 To Tcode is that correct ? As it is still not working ? Hope this makes sense!

Alan george · Alan george

Hi this is probably my first and last post.I deregistered about a year ago but have recently paid my accountant. Which form do I need to claim back the vat?

Noola · Noola

I have a receipt for internet services which we're used within a pharmacy. It was 2 hours at £3.00 per hour. The pharmacy is vat registered. Would I extract the VAT on this or not? Stupid question I know lol.

Stardoe · Stardoe

Hi all, One of my clients had two employees this month who were due a large tax refund, one of £922 and the other of £200 odd. Has anyone had experience of applying to HMRC for funding for tax refunds? I've come across this link :- http://www.hmrc.gov.uk/employers/payefunding.htm but not entirel...

KW · KW

Hi everyone, I'm a bit of a newbie and would welcome some input on the following question please: I have a client who is VAT registered (Flat Rate scheme). He raises a monthly invoice for management consulting to which he adds VAT. He also occasionally adds other items to the invoice (e.g. mileage 938 @...

adrift · adrift

Hi all Just doing accounts and changing to 20% VAT. I use excel and the old formula of *7/47 but can not get the 1/6 to work. IE Cell A1 £200 Cell A2 =Sum(A1*1/6) and this then works out the VAT as £33.33. But I want the VAT of £200 ie £40 Sorry if this is a simplistic mistake issue and thanks in advance for any...

buckland10 · buckland10

Hi The company I work for (company A) is setting up a new off shoot company (company B). Prior to launch we paid for domain registration on company A's debit card on company B's behalf (they knew about the purchase) for which I now need to invoice company B. Company A paid VAT on the purchase. I gather fr...

Noola · Noola

I have an invoice for a replaced windscreen. The breakdown of payments on the invoice is: VAT at 20% £141.72 Total Value £850.33 Deductable excess £708.61 Tax due from motorist £141.72 Payment due from motorist £90.40 The payment made by the company was £90.40. Can I account f...

Noola · Noola

I have a receipt for a Yale safe. Would I put this in the accounts as security, office or something else? And whichever category, would I reclaim VAT? Thanks in advance.

lubish · lubish

hello, how do we calculate tax for retail outlets. regards,

linda19 · linda19

What is the calculation to work out, how to claim the VAT back on Mileage expenses. Eg. 1296 Mile @40p = 518.40, what can i claim back on the Vat return please. Thanks Linda

Rhianrach · Rhianrach

Any payroll experts know what deductions there would be on £18500 on a standard tax code? We need to work our budget out before accepting a job :)

MissyMay · MissyMay

Hello there, I wonder if anyone can help me out on my question. My husband is self employed (sole proprietor). However, I do work for the business doing book-keeping, typing quotes, sending emails etc etc. I know it is possible to pay your wife a salary and this is classified as an expense. My quest...

Mazza64 · Mazza64

Hi All, I could do with some clarification Directors on our payroll and of our other divisions meet up once a year for a big management conference should this be treated as Staff Ent for the Directors on our payroll and Client Ent for the other division Directors not on our payroll? Thanks Mazza

Silly Digits · Silly Digits

Can anyone advise on VAT before registration for refurbishment costs. Items like paint, plaster that is really still on the premises can the VAT be reclaimed or is this classed as being used up? As I am aware that you can only reclaim for goods you still hold at registration date.

Peasie · Peasie

I've just been on the HMRC website and it is frustrating trying to read up on a subject as there are so many links you have to follow. You'll click on one link and it will lead to a page with two lines on it. It's doing my head in trying to find things. And I have a cold. A MAN COLD. So is there any publication that...

buckland10 · buckland10

Hi, I do the books for a cookery school and we have several people who help with teaching. They then invoice us. They aren't VAT registered but is the transaction included in the return as part of Total Purchases? I don't include staff on payroll. Many thanks.

Mazza64 · Mazza64

<!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 159 0;} @font-face {font-fa...

phil77 · phil77

hi iam new to this forum and iam currently studying the icb exams although have completed icb exams level 1-2 . i have a question completing the vat return where goods are taken for own use i know the method is credit purchase a/c debit drawings a/c but what about the vat entry -the vat on purchases would a...

Topic		Started By	Replies	Views	Last Post
	VAT treatment on reimbursable expenses (Preview) Bear with me, because while this may seen food and drink for most, I've not found absolute clarity to be comfortable. I will give a hypothetical example. The situation is an expense by Employee A of Company A. By contract, Company A invoices company B for these expenses. Now, Employee A comes to me with...	Koonstheman	1	3273	Sun Mar 6 12:01 2011 by gbm
	Correct Tcodes for Vat Return (Preview) I have done a Vat return, that has EC Purchases which the total amount has gone in to box 9 but has not gone to Box 7. I have checked the setting in the cinfiguration Tax Terms. I have linked Tcode 7 To Tcode is that correct ? As it is still not working ? Hope this makes sense!	linda19	1	1890	Thu Mar 3 17:51 2011 by Stardoe
	Claiming back vat after deregistration (Preview) Hi this is probably my first and last post.I deregistered about a year ago but have recently paid my accountant. Which form do I need to claim back the vat?	Alan george	6	2956	Thu Mar 3 17:35 2011 by Alan george
	Internet services (Preview) I have a receipt for internet services which we're used within a pharmacy. It was 2 hours at £3.00 per hour. The pharmacy is vat registered. Would I extract the VAT on this or not? Stupid question I know lol.	Noola	3	1447	Thu Mar 3 11:15 2011 by Noola
	Funding for tax refunds (Preview) Hi all, One of my clients had two employees this month who were due a large tax refund, one of £922 and the other of £200 odd. Has anyone had experience of applying to HMRC for funding for tax refunds? I've come across this link :- http://www.hmrc.gov.uk/employers/payefunding.htm but not entirel...	Stardoe	7	2010	Wed Mar 2 21:42 2011 by Stardoe
	VAT on an invoice (Preview) Hi everyone, I'm a bit of a newbie and would welcome some input on the following question please: I have a client who is VAT registered (Flat Rate scheme). He raises a monthly invoice for management consulting to which he adds VAT. He also occasionally adds other items to the invoice (e.g. mileage 938 @...	KW	1	1231	Tue Mar 1 19:40 2011 by gbm
	VAT formula in excel not working? (Preview) Hi all Just doing accounts and changing to 20% VAT. I use excel and the old formula of 7/47 but can not get the 1/6 to work. IE Cell A1 £200 Cell A2 =Sum(A11/6) and this then works out the VAT as £33.33. But I want the VAT of £200 ie £40 Sorry if this is a simplistic mistake issue and thanks in advance for any...	adrift	5	9092	Tue Mar 1 13:57 2011 by adrift
	VAT on Disbursement Invoices (Preview) Hi The company I work for (company A) is setting up a new off shoot company (company B). Prior to launch we paid for domain registration on company A's debit card on company B's behalf (they knew about the purchase) for which I now need to invoice company B. Company A paid VAT on the purchase. I gather fr...	buckland10	1	2048	Mon Feb 28 17:58 2011 by gbm
	Windscreen excess (Preview) I have an invoice for a replaced windscreen. The breakdown of payments on the invoice is: VAT at 20% £141.72 Total Value £850.33 Deductable excess £708.61 Tax due from motorist £141.72 Payment due from motorist £90.40 The payment made by the company was £90.40. Can I account f...	Noola	3	1742	Mon Feb 28 16:05 2011 by gbm
	VAT on a Lock company (Preview) I have a receipt for a Yale safe. Would I put this in the accounts as security, office or something else? And whichever category, would I reclaim VAT? Thanks in advance.	Noola	1	1056	Mon Feb 28 16:00 2011 by gbm
	tax for retail outlets (Preview) hello, how do we calculate tax for retail outlets. regards,	lubish	2	1098	Sat Feb 26 15:09 2011 by gbm
	Calcualtion on VAT Mileage (Preview) What is the calculation to work out, how to claim the VAT back on Mileage expenses. Eg. 1296 Mile @40p = 518.40, what can i claim back on the Vat return please. Thanks Linda	linda19	2	2268	Thu Feb 24 21:00 2011 by Haysden
	Tax (Preview) Any payroll experts know what deductions there would be on £18500 on a standard tax code? We need to work our budget out before accepting a job :)	Rhianrach	15	3436	Tue Feb 22 20:58 2011 by semsley
	Paying wife a wage (Preview) Hello there, I wonder if anyone can help me out on my question. My husband is self employed (sole proprietor). However, I do work for the business doing book-keeping, typing quotes, sending emails etc etc. I know it is possible to pay your wife a salary and this is classified as an expense. My quest...	MissyMay	13	11283	Sun Feb 20 19:58 2011 by gbm
	Directors Yearly Conference Staff Ent??? (Preview) Hi All, I could do with some clarification Directors on our payroll and of our other divisions meet up once a year for a big management conference should this be treated as Staff Ent for the Directors on our payroll and Client Ent for the other division Directors not on our payroll? Thanks Mazza	Mazza64	5	1650	Fri Feb 18 20:56 2011 by Mazza64
	VAT before registration (Preview) Can anyone advise on VAT before registration for refurbishment costs. Items like paint, plaster that is really still on the premises can the VAT be reclaimed or is this classed as being used up? As I am aware that you can only reclaim for goods you still hold at registration date.	Silly Digits	2	2252	Fri Feb 18 19:27 2011 by gbm
	Tax publications - any recommendations (Preview) I've just been on the HMRC website and it is frustrating trying to read up on a subject as there are so many links you have to follow. You'll click on one link and it will lead to a page with two lines on it. It's doing my head in trying to find things. And I have a cold. A MAN COLD. So is there any publication that...	Peasie	3	2377	Fri Feb 18 16:45 2011 by GinnyBee
	Casual Staff & VAT Returns (Preview) Hi, I do the books for a cookery school and we have several people who help with teaching. They then invoice us. They aren't VAT registered but is the transaction included in the return as part of Total Purchases? I don't include staff on payroll. Many thanks.	buckland10	2	2101	Fri Feb 18 13:51 2011 by Donna CBK
	VAT Courses (Preview) <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 159 0;} @font-face {font-fa...	Mazza64	6	8171	Thu Feb 17 19:52 2011 by Haysden
	goods for own use and vat return (Preview) hi iam new to this forum and iam currently studying the icb exams although have completed icb exams level 1-2 . i have a question completing the vat return where goods are taken for own use i know the method is credit purchase a/c debit drawings a/c but what about the vat entry -the vat on purchases would a...	phil77	3	2909	Thu Feb 17 13:22 2011 by Shamus
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