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

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

monica25th · monica25th

Hi guys, I hope someone could help me on this. Lets say that I have rents receivale £6,000, and I also have the following expense, Insurance £300, Letting fees £700, office expense £20, and repairs and maintenance £4000 (which includes £3,800 for a new kitchen). so what shall I do with those numbers?...

Cealls · Cealls

Hi everyone, I have started doing book keeping privately and the girl who used to do it before me has paid off the suppliers as a "payment on account" - therefore not really showing exactly what is paid off and what isnt.. now there is confusion from one of the suppliers about that is paid of...

James Morgan · James Morgan

Hi Guys, can any one tell me how to consider VAT in below case. There is Yahoo invoice with following details - Sub Total £10.08,VAT (19.00%) £1.91 and Total Charge £11.99.

Noola · Noola

I have a receipt for fuel for the sum of £33.59. Underneath this is also sweets for 63p, milkshake for £1.32 and a sandwich for £2.99. The total is £38.53. I calculated £5.00 for VAT on the fuel so that would be £28.59 exclusive of VAT then £4.94 for subsistence. But on the receipt underneath it has calc...

Noola · Noola

Am I right in saying you can't claim VAT back for this?

ck1974 · ck1974

Hi there, this is my first post so any help would be gratefully received. I have just run my year end and the total sales as per the vat returns is 312k, sales as per the p&l are only £310K. Does anyone know why the two are different, Ive been through and checked all the information, the two should match...

Topic		Started By	Replies	Views	Last Post
	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	4715	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	1596	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	1497	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	4039	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	1747	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	1865	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	3339	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	2367	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	1466	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	2254	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	2859	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	12039	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	3547	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	1512	Fri Nov 19 10:59 2010 by Wella
	Property income treatment HELP please (Preview) Hi guys, I hope someone could help me on this. Lets say that I have rents receivale £6,000, and I also have the following expense, Insurance £300, Letting fees £700, office expense £20, and repairs and maintenance £4000 (which includes £3,800 for a new kitchen). so what shall I do with those numbers?...	monica25th	10	2223	Fri Nov 19 10:48 2010 by Wella
	Payment on account confusion (Preview) Hi everyone, I have started doing book keeping privately and the girl who used to do it before me has paid off the suppliers as a "payment on account" - therefore not really showing exactly what is paid off and what isnt.. now there is confusion from one of the suppliers about that is paid of...	Cealls	2	1212	Fri Nov 19 09:58 2010 by Cealls
	VAT Calculation (Preview) Hi Guys, can any one tell me how to consider VAT in below case. There is Yahoo invoice with following details - Sub Total £10.08,VAT (19.00%) £1.91 and Total Charge £11.99.	James Morgan	4	1726	Thu Nov 18 13:03 2010 by James Morgan
	VAT on subsistence receipt (Preview) I have a receipt for fuel for the sum of £33.59. Underneath this is also sweets for 63p, milkshake for £1.32 and a sandwich for £2.99. The total is £38.53. I calculated £5.00 for VAT on the fuel so that would be £28.59 exclusive of VAT then £4.94 for subsistence. But on the receipt underneath it has calc...	Noola	2	2922	Fri Nov 12 21:10 2010 by Amanda
	Just to double check - Post Office Receipts (Preview) Am I right in saying you can't claim VAT back for this?	Noola	2	1393	Fri Nov 12 16:58 2010 by Ann-marie
	Difference between VAT sales value and total sales on P & L (Preview) Hi there, this is my first post so any help would be gratefully received. I have just run my year end and the total sales as per the vat returns is 312k, sales as per the p&l are only £310K. Does anyone know why the two are different, Ive been through and checked all the information, the two should match...	ck1974	7	3737	Wed Nov 10 20:52 2010 by Merlion ABS
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