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

Amanda · Amanda

Hi Everyone, Hope you all have had a good Christmas! Is there VAT on flights or is it exempt like Stamps etc. I seem to recall that it is exempt, but need it clarifying. Having a blonde moment!!! Cheers,

applewood · applewood

Can anyone help. If l quote a customer before the new vat change, what happens when i have to invoice stage payments and they roll over to the new vat year help? Tks Kind regards Wendy

Wella · Wella

Hoping someone might be able to answer this for me. I have just done a Partnership SA Return and the personal returns for the Partners. The Partners are already authorised clients of mine, so I can file online once the declarations have been signed but the Partnership isn't yet, although the request...

tonys · tonys

Hi, Am I right in saying that all my sales on Monday 3rd of Jan will be 17.5% VAT then on Tuesday 4th 20%? We only invoice our credit customers at month end, so I will have to charge at different rates for Jan from the Tuesday. Normally we just invoice date all Jan's invoices at 31 st Jan and often, for the sam...

Noola · Noola

Do you still calculate holiday entitlement even if people have alot of time off? For people who's attendance is usually good and they have say 3 days off one week. Would you still calculate holiday entitlement for the full week?

clare92 · clare92

Hi All, My client buys cars, does them up, then sells them on. He has recently sold a car (on which he originally paid VAT on when he bought it) When he sold it he accepted a commercial vehicle as a part exchange. How does this get recorded in Sage? and what is the correct route for the VAT? The transaction is...

Peasie · Peasie

What National Insurance changes are going to still be implemented as a result of Labour's budgets? The rates for this year are : Table A - Employee 11%, Employer 12.8% Table D (contracted out) - Employee 9.4%, Employer 9.1% What are these rates going to change to from April 2011? I know there was a 1% inc...

BannanaMan · BannanaMan

Hi Just what I didn't want on a Friday morning. I've just been stumped by a clients question. They bought into a limited company and they had to take out a personal loan to fund the purchase of the shares. I'm just completing their personal tax return and they have asked if they can claim tax relief on the...

Stardoe · Stardoe

Hi guys, One of my clients has a customer that pays in advance for the work he has done. He pays on the first of the month by standing order. Am I right in requesting that the customer changes his standing order for 1st January to include the 20% VAT, even though the rate doesn't actually change until 4th...

Noola · Noola

I have an invoice for the purchase of a new vehicle which was £4425.53 plus VAT £774.47 so the total amount was £5200. There was also a buyers fee for £292.77 plus VAT £51.23 so the total amount was £344.00 A new keeper transfer fee for 21.28 plus VAT £3.72 so the total was £25.00 A deposit handling fee for...

RossDunn · RossDunn

I have a client who has just refurbished a one bedroom annex attached to their house. They have asked me if they could use the Rent a Room Relief against any income received each year. This seems fine as they live in the property, but just wanted to check as the annex has a seperate entrance to the house...

chrisp · chrisp

I have a friend who is due a refund of VAT for his last quarter but has recently changed his business bank account from NatWest to Lloyds. If you have online VAT with HMRC is there the facility to change the company bank details online? If not, who or where should my friend contact at HMRC to change thei...

Julie Hall · Julie Hall

Hi there, few queries. I look after the accounts for a retail shop i.e. I presume I can claim the VAT back straight away on any refunds or bounced credit card payments due the the immediate cash/payment nature of the business, as I know that you would normally have to wait 6 months re VAT if on standard a...

Gav · Gav

Hi, Sorry if this is a simple question, but i'm struggling to understand the exact definition of net rent. Say I received rents from a client of £10,000 and deducted expenses of say insurance, repairs, solicitors etc of £5,000. would my net rent therefore be £5,000. But, what if I invested £2000 that y...

Peasie · Peasie

I've been asked to do a self assessment return for someone that is in the CIS scheme. I've never understood how these people are not employees, but that's besides the point. What I want to know is this - this return is for the year ending 5th April 2010. My invoice to him will be raised in December 2010 - but...

Julie Hall · Julie Hall

Hi there, I have a client who has registered their VAT with ebay so not charged vat on their invoice for luxembourg any ideas what sage code to use, i.e T8 for T24 as it is not really goods that have been provided but a service. Thanks

Beachbreak · Beachbreak

I have a client who is a sole trader and has bought a van and a motorbike for his business. He doesn't use them for personal use, he has his own car for that. Am I right in thinking that the van can be claimed 100% as a capital allowance as part of AIA as it's commercial but the motorbike is treated as a car so WD...

KEELY · KEELY

I am doing the accounts for a company who has just part exchanged their vehicle for a new vehicle there is vat on the new vehicle which if i am right in saying can be recoverd in full and then no vat reclaimable on the monthly repayments. However as the part exhcange is a sale of an asset is vat payable by the...

Nicola27 · Nicola27

So nobody has ever explained what to do regarding VAT payments on sage to me. I am guessing that for the Quarter i would journal what I have in Purchase Tax and Sales Tax and post that to VAT liability and then post the cheque payment to HMRC to VAT liability also? Am i correct If not.....help!

RossDunn · RossDunn

Happy Sunday. I complete several monthly payrolls for my clients, but was asked on friday to set-up a new paye scheme for an existing client who wants to employ their first member staff. I think there is an incentive to set-up new paye scheme's at present and remember reading something a few months bac...

Topic		Started By	Replies	Views	Last Post
	Is there VAT on flights? (Preview) Hi Everyone, Hope you all have had a good Christmas! Is there VAT on flights or is it exempt like Stamps etc. I seem to recall that it is exempt, but need it clarifying. Having a blonde moment!!! Cheers,	Amanda	7	112007	Tue Dec 28 21:35 2010 by Amanda
	vat (Preview) Can anyone help. If l quote a customer before the new vat change, what happens when i have to invoice stage payments and they roll over to the new vat year help? Tks Kind regards Wendy	applewood	2	2126	Fri Dec 24 18:16 2010 by applewood
	Partnership Self Assessment (Preview) Hoping someone might be able to answer this for me. I have just done a Partnership SA Return and the personal returns for the Partners. The Partners are already authorised clients of mine, so I can file online once the declarations have been signed but the Partnership isn't yet, although the request...	Wella	3	1715	Mon Dec 20 09:44 2010 by Wella
	VAT change date (Preview) Hi, Am I right in saying that all my sales on Monday 3rd of Jan will be 17.5% VAT then on Tuesday 4th 20%? We only invoice our credit customers at month end, so I will have to charge at different rates for Jan from the Tuesday. Normally we just invoice date all Jan's invoices at 31 st Jan and often, for the sam...	tonys	1	1617	Thu Dec 16 17:52 2010 by RobH
	Holiday pay and bad attendance (Preview) Do you still calculate holiday entitlement even if people have alot of time off? For people who's attendance is usually good and they have say 3 days off one week. Would you still calculate holiday entitlement for the full week?	Noola	2	1758	Wed Dec 15 17:15 2010 by BackOfficeGroup
	VAT on selling cars (Preview) Hi All, My client buys cars, does them up, then sells them on. He has recently sold a car (on which he originally paid VAT on when he bought it) When he sold it he accepted a commercial vehicle as a part exchange. How does this get recorded in Sage? and what is the correct route for the VAT? The transaction is...	clare92	2	2083	Wed Dec 15 17:06 2010 by HendyPhilhendy
	National Insurance from April 2011 (Preview) What National Insurance changes are going to still be implemented as a result of Labour's budgets? The rates for this year are : Table A - Employee 11%, Employer 12.8% Table D (contracted out) - Employee 9.4%, Employer 9.1% What are these rates going to change to from April 2011? I know there was a 1% inc...	Peasie	19	17099	Sat Dec 11 00:12 2010 by Peasie
	Is interest on a loan allowable? (Preview) Hi Just what I didn't want on a Friday morning. I've just been stumped by a clients question. They bought into a limited company and they had to take out a personal loan to fund the purchase of the shares. I'm just completing their personal tax return and they have asked if they can claim tax relief on the...	BannanaMan	2	1617	Fri Dec 10 10:18 2010 by BannanaMan
	Advance payment - VAT rate change (Preview) Hi guys, One of my clients has a customer that pays in advance for the work he has done. He pays on the first of the month by standing order. Am I right in requesting that the customer changes his standing order for 1st January to include the 20% VAT, even though the rate doesn't actually change until 4th...	Stardoe	4	2358	Thu Dec 9 21:39 2010 by Stardoe
	VAT on new vehicle and services part paid cheque and card!!! Help (Preview) I have an invoice for the purchase of a new vehicle which was £4425.53 plus VAT £774.47 so the total amount was £5200. There was also a buyers fee for £292.77 plus VAT £51.23 so the total amount was £344.00 A new keeper transfer fee for 21.28 plus VAT £3.72 so the total was £25.00 A deposit handling fee for...	Noola	1	1210	Thu Dec 9 19:59 2010 by semsley
	Rent a Room or a Trade Income? (Preview) I have a client who has just refurbished a one bedroom annex attached to their house. They have asked me if they could use the Rent a Room Relief against any income received each year. This seems fine as they live in the property, but just wanted to check as the annex has a seperate entrance to the house...	RossDunn	1	1368	Wed Dec 8 16:58 2010 by Stuartbham
	Quick Question - VAT refund due - need to change bank account details (Preview) I have a friend who is due a refund of VAT for his last quarter but has recently changed his business bank account from NatWest to Lloyds. If you have online VAT with HMRC is there the facility to change the company bank details online? If not, who or where should my friend contact at HMRC to change thei...	chrisp	3	5966	Wed Dec 8 16:11 2010 by BackOfficeGroup
	Bad debt VAT relief on Retail Shop (Preview) Hi there, few queries. I look after the accounts for a retail shop i.e. I presume I can claim the VAT back straight away on any refunds or bounced credit card payments due the the immediate cash/payment nature of the business, as I know that you would normally have to wait 6 months re VAT if on standard a...	Julie Hall	3	1335	Wed Dec 8 16:09 2010 by BackOfficeGroup
	Definition of Net Rent? (Preview) Hi, Sorry if this is a simple question, but i'm struggling to understand the exact definition of net rent. Say I received rents from a client of £10,000 and deducted expenses of say insurance, repairs, solicitors etc of £5,000. would my net rent therefore be £5,000. But, what if I invested £2000 that y...	Gav	3	7329	Wed Dec 8 10:47 2010 by RobH
	CIS Self assessment return (Preview) I've been asked to do a self assessment return for someone that is in the CIS scheme. I've never understood how these people are not employees, but that's besides the point. What I want to know is this - this return is for the year ending 5th April 2010. My invoice to him will be raised in December 2010 - but...	Peasie	7	2936	Wed Dec 8 07:20 2010 by Jen81
	Sage VAT code re ebay fees (Preview) Hi there, I have a client who has registered their VAT with ebay so not charged vat on their invoice for luxembourg any ideas what sage code to use, i.e T8 for T24 as it is not really goods that have been provided but a service. Thanks	Julie Hall	5	5480	Wed Dec 8 02:54 2010 by Quentin Pain
	Advice needed on Capital Allowances claims for Vans and Motorbikes (Preview) I have a client who is a sole trader and has bought a van and a motorbike for his business. He doesn't use them for personal use, he has his own car for that. Am I right in thinking that the van can be claimed 100% as a capital allowance as part of AIA as it's commercial but the motorbike is treated as a car so WD...	Beachbreak	8	9314	Tue Dec 7 19:40 2010 by Beachbreak
	VAT ON SALE OF VEHICLE (Preview) I am doing the accounts for a company who has just part exchanged their vehicle for a new vehicle there is vat on the new vehicle which if i am right in saying can be recoverd in full and then no vat reclaimable on the monthly repayments. However as the part exhcange is a sale of an asset is vat payable by the...	KEELY	5	9198	Tue Dec 7 13:58 2010 by RobH
	New to VAT (Preview) So nobody has ever explained what to do regarding VAT payments on sage to me. I am guessing that for the Quarter i would journal what I have in Purchase Tax and Sales Tax and post that to VAT liability and then post the cheque payment to HMRC to VAT liability also? Am i correct If not.....help!	Nicola27	3	1487	Mon Dec 6 16:22 2010 by Nicola27
	New employer - NI Savings (Preview) Happy Sunday. I complete several monthly payrolls for my clients, but was asked on friday to set-up a new paye scheme for an existing client who wants to employ their first member staff. I think there is an incentive to set-up new paye scheme's at present and remember reading something a few months bac...	RossDunn	2	1454	Mon Dec 6 15:02 2010 by RossDunn
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