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

winkle · winkle

Hi all....it's me again! I have come back to pick your brains.... I need to make adjustments on our next vat return and am finding this one a little trying to say the least! We use the cash accounting scheme and have set our sage software to do this. We have invoiced a customer and received payments where t...

monica25th · monica25th

Hi guys, I want to take the ICB level 3 self assessment tax return exam, but I didnt buy the text book which they have on their site, has anyone taken that exam and passed it without the book? is it hard to pass? I also had a look on ICB site, theres no past paper on that exam, so I just need some help and advice h...

DSS · DSS

Hi All I am new to this forum and have a problem with posting invoices please help...!!!Invoice total is 142.60 but customer paid only 128.00(shows on bank statement). What is more Supplier is VAT registered and VAT number is on invoice but there is no VAT breakdown on it just gross amount.How to post...

buckland10 · buckland10

The company I work for has just registered for VAT and as a result is looking to claim back some of the VAT on set-up costs prior to registration, such as ovens (it's a caterer) and other equipment. So many of the smaller purchases have receipts but not VAT receipts. Is there nothing I can do, apart from g...

Blacker9999 · Blacker9999

Folks, Wanna keep this simple. Can a director pay himself weekly on the PAYE system? Ronnie

joeacca · joeacca

Hello I know the first sale of a shared ownership property is treated as zero rated income and any sale after that is exempt - if you have 'person constructing' or 'person converting' status. We are purchasing properties (previously occupied as a single occupancy dwelling) and converting them...

Noola · Noola

I will be taking over the bookkeepers job in 2 weeks and was just wondering, apart from the VAT returns etc is there anything else I will need to look out for that usually occurs at the end of the tax year or the end of the business year?

Sirocco · Sirocco

Can someone help me? I do the bookkeeping for a small ltd co. (t/over sub 100k) with a sole director. I have just been presented with an invoice for c9k +Vat for a purchase made by the director for his use (ie a non business purchase), paid for out of the co. bank account. He is not in position to to refund th...

littlebookkeeper · littlebookkeeper

Hi, I have a meeting this evening with a potential client and this is the first SA tax return one I have since passing the ICB self assessment exam, so I am lacking in confidence a bit and don't want to look stupid!!! I just wanted to run this by you all and would be grateful if some of you could point out...

Invest · Invest

.......the VAT element is unknow until the final account is raised? We would pay the required deposit amount on the pro forma for say 'hotel & restaurant group booking' but the whole bill may not all be subject to VAT. How would I record the payment amount on a cash accounting scheme in this instan...

class71 · class71

Afternoon All, I've hit a problem that I can seem to find an answer to. I'm doing some year end accounts but was unfortunate to take off the accounts when they were in a right pickle and things were been posted correctly or not at all !! However, I can't seem to work out why my VAT liability account is the cor...

googoomae · googoomae

Can somebody please help. I use sage for my VAT returns however this time when I calculate it comes up with the message 1745 transactions found but 918 unreconciled and before period. The question is do I include these or not and if not why? Thanks all in advance

Julie Hall · Julie Hall

Hi there, I have a client who collects debts for their client (debt management company) my client has paid an invoice relating to baliffs/high court fees which have VAT (on behalf of their client) on and has then charged their client these fee with VAT on, normally all court fee are classed as disburse...

AICB · AICB

A new (in both senses) subcontractor has started doing work for my client. I think it's the first time he's been verified by HMRC and this process puts him into the High Deduction bracket. Is there anything I could suggest that he could do, that would help him be assessed for the lower deduction band...

Wella · Wella

Has any one done year end accounts for a bed and breakfast establishment? This particular B&B has three dedicated bedrooms, a lounge for guests, and a small office, which is pretty straight forward, with regard to expenses, repairs & renewals etc. which are directly associated with thes...

saraunderwood · saraunderwood

Hi all, One of my client's has had an accident in his company car which was the fault of the other driver. Repairs have been completed as agreed with the other driver's insurance company. However, the client has now received an invoice from the insurance company for the VAT element of the cost of the rep...

becksy · becksy

I have some work to do for small hairdressers, which is operated as a sole trader partnership with two partners. They have one employed staff doing 37.5 per week and has been there coming for 4 years. The person employed is not always covering her pay, and can be often sick, or absent of a day. In this c...

Rusty · Rusty

A client has just sent me a VAT only invoice. They failed to put VAT on the invoice which was for expenses. Could anyone tell me how to raise a VAT only invoice in Quickbooks so that I don't throw all the figures out? They have cashed the payment for the original amount. Many thanks.

Wella · Wella

Hi All Hoping some one will confirm that I have understood HMRC correctly. My client is on VAT cash accounting and has paid a pro forma invoice to pre pay for goods. My understanding is that, with cash accounting, the tax point is created on the date goods or services are paid for, and that the purchase an...

Suffolker · Suffolker

I was just wondering if it is possible for me to register as an agent online to file vat returns without actually having a clients vat return to file at the moment? I have afew clients who in the future will be wanting their returns filed online but not quite yet. I thought I would see if I could register as...

Topic		Started By	Replies	Views	Last Post
	Cash accounting (Preview) Hi all....it's me again! I have come back to pick your brains.... I need to make adjustments on our next vat return and am finding this one a little trying to say the least! We use the cash accounting scheme and have set our sage software to do this. We have invoiced a customer and received payments where t...	winkle	3	1848	Thu Oct 28 16:44 2010 by winkle
	ICB level 3 self assessment tax return HELP (Preview) Hi guys, I want to take the ICB level 3 self assessment tax return exam, but I didnt buy the text book which they have on their site, has anyone taken that exam and passed it without the book? is it hard to pass? I also had a look on ICB site, theres no past paper on that exam, so I just need some help and advice h...	monica25th	4	2026	Thu Oct 28 10:16 2010 by monica25th
	Purchase VAT invoices (Preview) Hi All I am new to this forum and have a problem with posting invoices please help...!!!Invoice total is 142.60 but customer paid only 128.00(shows on bank statement). What is more Supplier is VAT registered and VAT number is on invoice but there is no VAT breakdown on it just gross amount.How to post...	DSS	14	4622	Wed Oct 27 09:31 2010 by fin6y
	Invoices for VAT Return (Preview) The company I work for has just registered for VAT and as a result is looking to claim back some of the VAT on set-up costs prior to registration, such as ovens (it's a caterer) and other equipment. So many of the smaller purchases have receipts but not VAT receipts. Is there nothing I can do, apart from g...	buckland10	5	5527	Tue Oct 26 19:14 2010 by Donna CBK
	Director Vs PAYE (Preview) Folks, Wanna keep this simple. Can a director pay himself weekly on the PAYE system? Ronnie	Blacker9999	3	1954	Tue Oct 26 15:25 2010 by ADAS
	Shared Ownership sale - zero rated (Preview) Hello I know the first sale of a shared ownership property is treated as zero rated income and any sale after that is exempt - if you have 'person constructing' or 'person converting' status. We are purchasing properties (previously occupied as a single occupancy dwelling) and converting them...	joeacca	1	1302	Wed Oct 20 09:16 2010 by RobH
	Is there anything else to look out for? (Preview) I will be taking over the bookkeepers job in 2 weeks and was just wondering, apart from the VAT returns etc is there anything else I will need to look out for that usually occurs at the end of the tax year or the end of the business year?	Noola	0	1387	Mon Oct 18 11:27 2010 by Noola
	Non business purchases by Ltd Co. (Preview) Can someone help me? I do the bookkeeping for a small ltd co. (t/over sub 100k) with a sole director. I have just been presented with an invoice for c9k +Vat for a purchase made by the director for his use (ie a non business purchase), paid for out of the co. bank account. He is not in position to to refund th...	Sirocco	12	2712	Fri Oct 15 21:55 2010 by Stardoe
	First potential self assessment client, yikes! (Preview) Hi, I have a meeting this evening with a potential client and this is the first SA tax return one I have since passing the ICB self assessment exam, so I am lacking in confidence a bit and don't want to look stupid!!! I just wanted to run this by you all and would be grateful if some of you could point out...	littlebookkeeper	2	1512	Fri Oct 8 18:25 2010 by littlebookkeeper
	How should I account for VAT on a cash accounting scheme whereby a pro forma invoice is receieved but .... (Preview) .......the VAT element is unknow until the final account is raised? We would pay the required deposit amount on the pro forma for say 'hotel & restaurant group booking' but the whole bill may not all be subject to VAT. How would I record the payment amount on a cash accounting scheme in this instan...	Invest	3	1452	Fri Oct 8 15:01 2010 by attilabenko
	VAT Liability account in Sage (Preview) Afternoon All, I've hit a problem that I can seem to find an answer to. I'm doing some year end accounts but was unfortunate to take off the accounts when they were in a right pickle and things were been posted correctly or not at all !! However, I can't seem to work out why my VAT liability account is the cor...	class71	7	7451	Wed Oct 6 20:14 2010 by Stardoe
	Vat on Sage - Urgent help needed!!! (Preview) Can somebody please help. I use sage for my VAT returns however this time when I calculate it comes up with the message 1745 transactions found but 918 unreconciled and before period. The question is do I include these or not and if not why? Thanks all in advance	googoomae	8	6186	Wed Oct 6 17:08 2010 by PhilMcTankup
	VAT on Baliffs Costs (Preview) Hi there, I have a client who collects debts for their client (debt management company) my client has paid an invoice relating to baliffs/high court fees which have VAT (on behalf of their client) on and has then charged their client these fee with VAT on, normally all court fee are classed as disburse...	Julie Hall	3	1448	Tue Oct 5 22:05 2010 by RobH
	CIS sub-contractors: ways to get reduced deductions (Preview) A new (in both senses) subcontractor has started doing work for my client. I think it's the first time he's been verified by HMRC and this process puts him into the High Deduction bracket. Is there anything I could suggest that he could do, that would help him be assessed for the lower deduction band...	AICB	2	1549	Tue Oct 5 18:58 2010 by AICB
	B&B Expenses (Preview) Has any one done year end accounts for a bed and breakfast establishment? This particular B&B has three dedicated bedrooms, a lounge for guests, and a small office, which is pretty straight forward, with regard to expenses, repairs & renewals etc. which are directly associated with thes...	Wella	4	5311	Tue Oct 5 16:11 2010 by Wella
	VAT on car insurance claim (Preview) Hi all, One of my client's has had an accident in his company car which was the fault of the other driver. Repairs have been completed as agreed with the other driver's insurance company. However, the client has now received an invoice from the insurance company for the VAT element of the cost of the rep...	saraunderwood	7	15310	Tue Sep 28 12:32 2010 by Wella
	Redundancy and chair rental (Preview) I have some work to do for small hairdressers, which is operated as a sole trader partnership with two partners. They have one employed staff doing 37.5 per week and has been there coming for 4 years. The person employed is not always covering her pay, and can be often sick, or absent of a day. In this c...	becksy	4	2080	Tue Sep 28 11:49 2010 by becksy
	Quickbooks 2006 Pro (Preview) A client has just sent me a VAT only invoice. They failed to put VAT on the invoice which was for expenses. Could anyone tell me how to raise a VAT only invoice in Quickbooks so that I don't throw all the figures out? They have cashed the payment for the original amount. Many thanks.	Rusty	4	1820	Fri Sep 24 11:39 2010 by Merlion ABS
	VAT + Pro Forma Invoice + Cash Accounting (Preview) Hi All Hoping some one will confirm that I have understood HMRC correctly. My client is on VAT cash accounting and has paid a pro forma invoice to pre pay for goods. My understanding is that, with cash accounting, the tax point is created on the date goods or services are paid for, and that the purchase an...	Wella	5	7596	Wed Sep 22 08:14 2010 by Wella
	Registering As A VAT Agent (Preview) I was just wondering if it is possible for me to register as an agent online to file vat returns without actually having a clients vat return to file at the moment? I have afew clients who in the future will be wanting their returns filed online but not quite yet. I thought I would see if I could register as...	Suffolker	8	1943	Fri Sep 17 17:16 2010 by Suffolker
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