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

Julie Hall · Julie Hall

Hi there, I look after a retail company and they purchase some vatable goods from Brussels and they have also supplied their VAT number, so I know I use tax code T8 on sage, but in the set up box for T8 I know it needs to be linked to 17.5% but under the T8 code in the box should I also input the VAT rate of 17.5% o...

Stardoe · Stardoe

Evening everyone! I have a tricky one. One of my clients purchased some goods from a company in Dublin and paid for it by credit card. When I came across the invoice to post, it had the Irish 21% VAT included. I was pretty certain that this should have been zero rated and when I telephoned them they adm...

Noola · Noola

Can you claim VAT back on this? It has a VAT number on the receipt.

Sophie · Sophie

Hello! In the Self assessment for 2008-2009 I have not claimed any expenses because my incomes were low. With the personal allowance I had to pay only 39 GBP in taxes. However, may I include these expenses, incl. laptop, in my Self assessment for 2009-2010 and where? I am filing online. Thank you.

Brent · Brent

Guys, can someone offer me some advice. When it comes to working out benefit in kind on an employee, where an emloyer pays slightly less than the cost it would be to the employee. Is there some set principle to working out the value of the benefit in kind ? I appreciate any advice.

AICB · AICB

Can anyone steer me in the right direction please? I'm going round in endless circles and can't see the way out. I want to post Sub-contractor invoices into Sage 50 so that individual remittances can later be recorded. (Earlier, these invoices had been processed separately using 12Pay. This rec...

G-Girl · G-Girl

Hi - I have received an invoice to day for an on-line subscription for the period 01.01.2011 - 31.12.2011. The invoice is payable under their normal payment terms of 30 days. My question is that if I pay the invoice in this VAT quarter how do I stand on re-claiming 20% prior to it being brought in.

Noola · Noola

I have reminders that I should start online filing new starters and leavers by April 2011 but I'm a bit confused. Isn't that what we do with the IR Secure mailbox in Sage Payroll? What do they mean by this?

limpbizkit · limpbizkit

hi to allim new to this ,so please bare with me.i have recently bought an long run business of 23 years (pizzeria) were was vat registered .at the time of the signing procedure i have not took over the vat number .the account was showing above 2000 a week taking but due to numerous chipys opened who does pi...

Gav · Gav

My client is a self employed interior decorator and registered for VAT, she has given me a pile of fuel receips along with all her other invoices for her VAT return which is due soon. Would I just calculate the VAT on these as normal as with any other invoice? Her car is also used for private use. I have hea...

Noola · Noola

I have a letter saying that the invoice has been paid in full for Roofing Services but no invoice (it does say receipt at the top) and it has no VAT or VAT number on it. Can you claim back VAT on this? If we do would I have to find out if the company is registered for VAT?

MarkT · MarkT

hi everyone I use the flat rate rate and have been working this out at 9.5% for the last few years which was the correct percentage for my businesss I have just found out that the rate was reduced from dec 08 to jan 10 to 8.5% then was increased to 10% on jan 2010 i have paid it at 9.5% for this entire period I w...

Julie Hall · Julie Hall

Hi there, I have a retail client who has an ebay shop and their ebay fees are approx 1000 month, and I do not reclaim any VAT as the invoice comes from Luxembourg so I have input on sage as a T2 exempt status, would appreciate it if someone could let me know if they think this is correct or should it be as a T7 i.e...

buckland10 · buckland10

Hi, one of the directors of the company I work for bought a birthday gift for another director for £45. What expense account should this be posted to and what are the VAT implications? Thanks!

morgwick · morgwick

Hi, I have a sole trader who is registered for VAT (an art shop). They have also decided to rent out two flats. Before they rented them out, they refurbished the flats costing over £5000 and they have reclaimed the VAT on these invoices. Is this correct?

Gav · Gav

I am in the process of calculating a VAT return for a client, on the bank statements it is obvious what some transactions are, i.e. ESSO = Fuel and so forth. But I dont have all the corresponding receipts, would it be ok to include such transactions in the VAT return calculation as im pretty sure that they...

monica25th · monica25th

Hi guys, If I am self employed, and I got a car, and the car is 80% used for business, and the CO2 is 150g/km, cost me £8,000. and I know the depreciation is £600 per year. Now I just want to know how do I treat this depreciation? I think its not allowable expense, but do I include the depreciation in the capita...

Stardoe · Stardoe

Hi everyone, I have a question about VAT reverse charge. One of my clients has a Yahoo marketing account which is a rolling account (i.e. he adds funds to it occasionally) and the invoice shows this funds addition and the current balance on his account. Only the added funds show any VAT e.g. 60.00 plus...

Sirocco · Sirocco

I use Sage Instant Accounts V14 to record VAT transactions. I use the cash accounting scheme and the Vat liability has been calculated and recorded using the Sage transfer wizard. I then transfer the figures to the HMRC online form and file the return. I have now registered to use the flat rate scheme...

monica25th · monica25th

anyone can help at all? Under what cricumstances can capital allowance (including AIA) be claimed against the income from residential lettings? thanks Monica

Topic		Started By	Replies	Views	Last Post
	Sage Tax Code T8 Help (Preview) Hi there, I look after a retail company and they purchase some vatable goods from Brussels and they have also supplied their VAT number, so I know I use tax code T8 on sage, but in the set up box for T8 I know it needs to be linked to 17.5% but under the T8 code in the box should I also input the VAT rate of 17.5% o...	Julie Hall	4	9157	Sat Dec 4 21:51 2010 by Julie Hall
	VAT on invoice from Dublin (Preview) Evening everyone! I have a tricky one. One of my clients purchased some goods from a company in Dublin and paid for it by credit card. When I came across the invoice to post, it had the Irish 21% VAT included. I was pretty certain that this should have been zero rated and when I telephoned them they adm...	Stardoe	7	8407	Fri Dec 3 18:13 2010 by Stardoe
	Motor Spares and VAT (Preview) Can you claim VAT back on this? It has a VAT number on the receipt.	Noola	1	1243	Fri Dec 3 13:02 2010 by ethem
	Expenses from 2008-2009 carried forward in 2009-2010? (Preview) Hello! In the Self assessment for 2008-2009 I have not claimed any expenses because my incomes were low. With the personal allowance I had to pay only 39 GBP in taxes. However, may I include these expenses, incl. laptop, in my Self assessment for 2009-2010 and where? I am filing online. Thank you.	Sophie	3	1415	Tue Nov 30 17:55 2010 by Stardoe
	Benefit In Kind (Preview) Guys, can someone offer me some advice. When it comes to working out benefit in kind on an employee, where an emloyer pays slightly less than the cost it would be to the employee. Is there some set principle to working out the value of the benefit in kind ? I appreciate any advice.	Brent	2	1537	Mon Nov 29 15:10 2010 by moxby
	Help! Entering sub-contractor (CIS) invoices into Sage 50 (Preview) Can anyone steer me in the right direction please? I'm going round in endless circles and can't see the way out. I want to post Sub-contractor invoices into Sage 50 so that individual remittances can later be recorded. (Earlier, these invoices had been processed separately using 12Pay. This rec...	AICB	6	11975	Sat Nov 27 00:21 2010 by AICB
	20% VAT on an invoice received today (Preview) Hi - I have received an invoice to day for an on-line subscription for the period 01.01.2011 - 31.12.2011. The invoice is payable under their normal payment terms of 30 days. My question is that if I pay the invoice in this VAT quarter how do I stand on re-claiming 20% prior to it being brought in.	G-Girl	16	4835	Fri Nov 26 22:11 2010 by Quentin Pain
	HMRC Online Filing (Preview) I have reminders that I should start online filing new starters and leavers by April 2011 but I'm a bit confused. Isn't that what we do with the IR Secure mailbox in Sage Payroll? What do they mean by this?	Noola	1	1696	Fri Nov 26 15:18 2010 by Peasie
	start up entrepreneur and vat registered business (Preview) hi to allim new to this ,so please bare with me.i have recently bought an long run business of 23 years (pizzeria) were was vat registered .at the time of the signing procedure i have not took over the vat number .the account was showing above 2000 a week taking but due to numerous chipys opened who does pi...	limpbizkit	3	1588	Fri Nov 26 09:06 2010 by kjmcculloch
	VAT on Fuel?? (Preview) My client is a self employed interior decorator and registered for VAT, she has given me a pile of fuel receips along with all her other invoices for her VAT return which is due soon. Would I just calculate the VAT on these as normal as with any other invoice? Her car is also used for private use. I have hea...	Gav	4	4143	Thu Nov 25 02:16 2010 by Quentin Pain
	Roofing Services - VAT? (Preview) I have a letter saying that the invoice has been paid in full for Roofing Services but no invoice (it does say receipt at the top) and it has no VAT or VAT number on it. Can you claim back VAT on this? If we do would I have to find out if the company is registered for VAT?	Noola	1	1844	Wed Nov 24 12:03 2010 by AICB
	I overpaid vat on Flat rate scheme (Preview) hi everyone I use the flat rate rate and have been working this out at 9.5% for the last few years which was the correct percentage for my businesss I have just found out that the rate was reduced from dec 08 to jan 10 to 8.5% then was increased to 10% on jan 2010 i have paid it at 9.5% for this entire period I w...	MarkT	1	1953	Tue Nov 23 21:12 2010 by Truemanbrown
	Ebay Fees (Preview) Hi there, I have a retail client who has an ebay shop and their ebay fees are approx 1000 month, and I do not reclaim any VAT as the invoice comes from Luxembourg so I have input on sage as a T2 exempt status, would appreciate it if someone could let me know if they think this is correct or should it be as a T7 i.e...	Julie Hall	4	3441	Tue Nov 23 19:12 2010 by luther parker
	Birthday Gifts and VAT Reclaim (Preview) Hi, one of the directors of the company I work for bought a birthday gift for another director for £45. What expense account should this be posted to and what are the VAT implications? Thanks!	buckland10	9	2467	Tue Nov 23 13:32 2010 by buckland10
	VAT on the registered business & rental income (Preview) Hi, I have a sole trader who is registered for VAT (an art shop). They have also decided to rent out two flats. Before they rented them out, they refurbished the flats costing over £5000 and they have reclaimed the VAT on these invoices. Is this correct?	morgwick	1	1564	Tue Nov 23 08:14 2010 by adi2402
	Claiming VAT without receipts? (Preview) I am in the process of calculating a VAT return for a client, on the bank statements it is obvious what some transactions are, i.e. ESSO = Fuel and so forth. But I dont have all the corresponding receipts, would it be ok to include such transactions in the VAT return calculation as im pretty sure that they...	Gav	1	2354	Sun Nov 21 19:06 2010 by Quentin Pain
	self employed income tax calculation (Preview) Hi guys, If I am self employed, and I got a car, and the car is 80% used for business, and the CO2 is 150g/km, cost me £8,000. and I know the depreciation is £600 per year. Now I just want to know how do I treat this depreciation? I think its not allowable expense, but do I include the depreciation in the capita...	monica25th	2	2952	Sun Nov 21 17:27 2010 by Truemanbrown
	VAT Reverse Charge (Preview) Hi everyone, I have a question about VAT reverse charge. One of my clients has a Yahoo marketing account which is a rolling account (i.e. he adds funds to it occasionally) and the invoice shows this funds addition and the current balance on his account. Only the added funds show any VAT e.g. 60.00 plus...	Stardoe	8	12200	Fri Nov 19 14:34 2010 by Stardoe
	VAT flat rate scheme - Sage Instant Accounts (Preview) I use Sage Instant Accounts V14 to record VAT transactions. I use the cash accounting scheme and the Vat liability has been calculated and recorded using the Sage transfer wizard. I then transfer the figures to the HMRC online form and file the return. I have now registered to use the flat rate scheme...	Sirocco	2	3639	Fri Nov 19 12:59 2010 by Sirocco
	capital allowance (Preview) anyone can help at all? Under what cricumstances can capital allowance (including AIA) be claimed against the income from residential lettings? thanks Monica	monica25th	2	1605	Fri Nov 19 10:59 2010 by Wella
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