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

Peasie · Peasie

I have a mobile phone that I use for personal use as well as for business.I pay £45 a month which means most of my calls and texts are included in the £45. Am I allowed to include any of this against my tax bill? I'm getting my business calls for free because of this monthly charge - so they aren't really free....

bigfaceuk · bigfaceuk

Hi everyone I just formed a company at the end of December 2010, and have a question about VAT registration. I've been trading as a sole trader ( self - employed ) for about 4 years before incorporating my first company, in last December, just before incorporation, my last 12 months turnover was very c...

Silly Digits · Silly Digits

I have a new client who has registered for VAT as it went over the 70K limit. How do I work out the VAT on sales. The date of registration is before they went over 70K limit by a few days. Do I just take of the 70K and then VAT on balance or work out from the registration date?

Peasie · Peasie

I've been given a code for Self Assessment and another one for Corporation Tax. Can I now apply online to get the codes for PAYE & VAT or is more letter writing required? I have no intention of using the Corporation Tax code just now but I thought I'd apply for them all at the same time to save any hassle...

linda19 · linda19

When posting the Vat Chq payment to sage , which nominal code should it got to? Is it N/C 2202? Should there be the same amount to offset it to ?

ck1974 · ck1974

Hi there, thanks again for all the advice Ive been given on this forum. A friend of mine has closed her cafe and sold the assets for 5K which are on the accounts as being worth £20k, she knows she cant claim depreciation for the year in which they are sold but how will she account for the difference ? She does...

linda19 · linda19

I Have a Client who sells materials to Vessels, they could be anywhere ? I am not sure where the ship is at the time! Do i put this to T9 Code Sales Excluding Vat?

Tracey2711 · Tracey2711

Hi Been asked to look into tax returns for a sole trader. What forms will he need and what will they be for? I know he has already done a vat return and ok with this, but mentioned what will I owe tax? how is it calculated? Many thanks

Ammers · Ammers

Hi everyone, long time no speak, just a quick question, when doing a P32 entry, What does the Letter M stand for when is prefix's the amount. I presume it means Minus, just wanted to double check as normally is R for refund. Does anyone know? Thanks AnnMarie

MissyMay · MissyMay

Hello everyone I am a newbie. I would be very grateful if someone could help me out. Our buisness has currently turned over £65,000 in 7 months, so I'm conscious of the fact that VAT registration is looming. We are currently writing a quotation for approximately £30,000. My question is this: Cle...

Lumpy · Lumpy

Does anyone have any information on HMRC's requirements for storing documents as scanned digital images rather than the hard copy, please. TIA

Peasie · Peasie

Need some advice for my nephew. He's having bother with the various registration forms and I said I'd give him a hand filling them in if he came and visited me tomorrow afternoon to see if they could be done online. It's just the order of doing things. Box 17 on form CWF1 asks"Please tick this box if y...

Merlion ABS · Merlion ABS

Seeing as our Gov't have increased VAT and fuel duty at the same time, don't you think they should increase the mileage rates now in line to reflect this additional cost?

mah801 · mah801

Hi all, Have been browsing this forum trying to figure out an answer to my situation but I can't seem to get my head around it. I run an employment agency (Ltd), I voluntarily got VAT-registered recently. My workers have their own limited companies. My company provides workers to clients and then af...

FP125 · FP125

I rent out a property and I submit a self assessment for this income ( I also work as an employee for a company ) My net rent receipts were £5210. I presumed I would pay 20% tax on this - around £1042 My bill has come in for £1600! The main thing I can see is underpaid tax for the year 09-10 (£491) but I paid this am...

JOE90JR · JOE90JR

Hi guys, can you help with this (I hope) simple question. If you trade in a company van do you need to pay the output vat ? What if the company (Ltd company) was not vat registered, so did not claim the input, at the time of purchase but is VAT registered now when the van was part ex'd. Cheers in advance ...

Amber690 · Amber690

Hi there, How do i treat depreciation on the Tax Return for cars and equipment? Cheers Amanda

Melley · Melley

Hello Everyone, I've just registered here because I have found your forum quite helpful while filling in my business return. I wondered if any of you professionals out there could help me please. I ran a small business from Sept 2006 til Nov 2009 when I ceased trading as it was non-profitable. My accou...

Amber690 · Amber690

Hi peeps, When you pay tax on account (Jan & July) and you submit your return online am i right in saying that the online calculation doesn't take into account payments made? So when i tell them how much they owe should i removed the payment made in just July or Jan & July? Cheers Amanda

Noola · Noola

I'm getting confused as to what filing online means. I have rang HMRC for more information on this but it makes no sense still. Am I already filing online by submitting P45 and P46 through the IR secure mailbox on payroll or is there something else I need to do?

Topic		Started By	Replies	Views	Last Post
	Mobile phone (monthly contract) - used for business and personal (Preview) I have a mobile phone that I use for personal use as well as for business.I pay £45 a month which means most of my calls and texts are included in the £45. Am I allowed to include any of this against my tax bill? I'm getting my business calls for free because of this monthly charge - so they aren't really free....	Peasie	15	12732	Thu Feb 17 08:32 2011 by HendyPhilhendy
	VAT threshold calculation question (Preview) Hi everyone I just formed a company at the end of December 2010, and have a question about VAT registration. I've been trading as a sole trader ( self - employed ) for about 4 years before incorporating my first company, in last December, just before incorporation, my last 12 months turnover was very c...	bigfaceuk	8	7573	Thu Feb 17 00:24 2011 by MarkS
	VAT calculation (Preview) I have a new client who has registered for VAT as it went over the 70K limit. How do I work out the VAT on sales. The date of registration is before they went over 70K limit by a few days. Do I just take of the 70K and then VAT on balance or work out from the registration date?	Silly Digits	1	1612	Thu Feb 17 00:16 2011 by MarkS
	Agent Codes (Preview) I've been given a code for Self Assessment and another one for Corporation Tax. Can I now apply online to get the codes for PAYE & VAT or is more letter writing required? I have no intention of using the Corporation Tax code just now but I thought I'd apply for them all at the same time to save any hassle...	Peasie	1	1595	Wed Feb 16 13:10 2011 by BudgetB
	Posting VAT Payment to Sage (Preview) When posting the Vat Chq payment to sage , which nominal code should it got to? Is it N/C 2202? Should there be the same amount to offset it to ?	linda19	2	4242	Tue Feb 15 15:31 2011 by linda19
	Cafe closing down (Preview) Hi there, thanks again for all the advice Ive been given on this forum. A friend of mine has closed her cafe and sold the assets for 5K which are on the accounts as being worth £20k, she knows she cant claim depreciation for the year in which they are sold but how will she account for the difference ? She does...	ck1974	0	1224	Thu Feb 10 12:09 2011 by ck1974
	The Correct T Code on Line 50 (Preview) I Have a Client who sells materials to Vessels, they could be anywhere ? I am not sure where the ship is at the time! Do i put this to T9 Code Sales Excluding Vat?	linda19	5	1698	Wed Feb 9 15:53 2011 by Wella
	Sole Trader - when should he do his tax return? (Preview) Hi Been asked to look into tax returns for a sole trader. What forms will he need and what will they be for? I know he has already done a vat return and ok with this, but mentioned what will I owe tax? how is it calculated? Many thanks	Tracey2711	8	2387	Tue Feb 8 21:20 2011 by Tracey2711
	P32 entry (Preview) Hi everyone, long time no speak, just a quick question, when doing a P32 entry, What does the Letter M stand for when is prefix's the amount. I presume it means Minus, just wanted to double check as normally is R for refund. Does anyone know? Thanks AnnMarie	Ammers	0	2232	Mon Feb 7 15:20 2011 by Ammers
	When to charge VAT (Preview) Hello everyone I am a newbie. I would be very grateful if someone could help me out. Our buisness has currently turned over £65,000 in 7 months, so I'm conscious of the fact that VAT registration is looming. We are currently writing a quotation for approximately £30,000. My question is this: Cle...	MissyMay	12	4852	Sun Feb 6 22:08 2011 by MarkS
	Digital Documents (Preview) Does anyone have any information on HMRC's requirements for storing documents as scanned digital images rather than the hard copy, please. TIA	Lumpy	1	1236	Sat Feb 5 23:27 2011 by HendyPhilhendy
	Registering for CIS, self employment, self assessment & CWF1 form (Preview) Need some advice for my nephew. He's having bother with the various registration forms and I said I'd give him a hand filling them in if he came and visited me tomorrow afternoon to see if they could be done online. It's just the order of doing things. Box 17 on form CWF1 asks"Please tick this box if y...	Peasie	4	6595	Sat Feb 5 09:54 2011 by HendyPhilhendy
	Mileage Rates (Preview) Seeing as our Gov't have increased VAT and fuel duty at the same time, don't you think they should increase the mileage rates now in line to reflect this additional cost?	Merlion ABS	11	3652	Thu Feb 3 20:13 2011 by Merlion ABS
	VAT newbie - few perplexing questions (Preview) Hi all, Have been browsing this forum trying to figure out an answer to my situation but I can't seem to get my head around it. I run an employment agency (Ltd), I voluntarily got VAT-registered recently. My workers have their own limited companies. My company provides workers to clients and then af...	mah801	2	2235	Thu Feb 3 08:30 2011 by mah801
	Self Assessment Figure Owed - Can't Work it Out! Help Me - Please! (Preview) I rent out a property and I submit a self assessment for this income ( I also work as an employee for a company ) My net rent receipts were £5210. I presumed I would pay 20% tax on this - around £1042 My bill has come in for £1600! The main thing I can see is underpaid tax for the year 09-10 (£491) but I paid this am...	FP125	14	4566	Mon Jan 31 20:42 2011 by FP125
	VAT on Van Sale (Preview) Hi guys, can you help with this (I hope) simple question. If you trade in a company van do you need to pay the output vat ? What if the company (Ltd company) was not vat registered, so did not claim the input, at the time of purchase but is VAT registered now when the van was part ex'd. Cheers in advance ...	JOE90JR	1	2558	Mon Jan 31 18:43 2011 by gbm
	Depreciation - Help! (Preview) Hi there, How do i treat depreciation on the Tax Return for cars and equipment? Cheers Amanda	Amber690	18	3892	Mon Jan 31 16:04 2011 by Amber690
	Using Andica Software to fill in short self-assessment tax return (Preview) Hello Everyone, I've just registered here because I have found your forum quite helpful while filling in my business return. I wondered if any of you professionals out there could help me please. I ran a small business from Sept 2006 til Nov 2009 when I ceased trading as it was non-profitable. My accou...	Melley	8	5650	Mon Jan 31 15:14 2011 by Wella
	Tax payments on account (Preview) Hi peeps, When you pay tax on account (Jan & July) and you submit your return online am i right in saying that the online calculation doesn't take into account payments made? So when i tell them how much they owe should i removed the payment made in just July or Jan & July? Cheers Amanda	Amber690	2	1303	Mon Jan 31 14:24 2011 by Amber690
	Filing Online (Preview) I'm getting confused as to what filing online means. I have rang HMRC for more information on this but it makes no sense still. Am I already filing online by submitting P45 and P46 through the IR secure mailbox on payroll or is there something else I need to do?	Noola	2	1614	Mon Jan 31 13:08 2011 by BudgetB
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