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

Peasie · Peasie

What would happen if I was late with my January payment......by one day? Is there an automatic fine or would I just be hit with interest? Because January 31st is on a Sunday it looks as though I may not have enough money in my bank account until the Monday. I could pay by credit card but they are hammering me...

morgwick · morgwick

Hi, I know that you can reclaim VAT on equipment / assets purchased within 3 years before VAT registration, but I am confused as to what amount of VAT can be reclaimed. I thought it was the amount as per the invoice, i.e. the actual amount charged at the point of purchase. However someone has told me that y...

Zigs · Zigs

Hey guys, im working on someones accounts whos an acupuncturist, she has a office and a clinic in her home, is it reasonable to charge £15 a week for each room for working from home using home as office? the rooms are soley for business use. the pension costs she has paid is her drawings therefore not an n...

Sirocco · Sirocco

I am using Sage Instant Accounts V14 to prepare quartely VAT returns and need some help! I use the Cash Accounting scheme and I have set the preferences so that only T1 tax code (now 17.5%) are included in the return. As I record payments for general expenses (fuel, consumables etc) I don't always hav...

Peasie · Peasie

Probably a stupid question but I can't find any difinitive answer by googling. Are these courses allowable against my income tax bill? I'm thinking they (Manual 1,2 & 3) aren't but am not so sure about the computer course. This is being done to increase my profit hopefully. That's me enrolled in t...

Silly Digits · Silly Digits

Hi I am about to complete a tax return online for a client using the free tax return (HMRC). My client this year has some income from foreign property. Will the free HMRC software let me submit online or do I need commercial software? Thanks

blondie · blondie

Good morning, I'm doing quarterly VAT returns, how long do i have to complete and return it? I know that if i'm doing 'Apr-June' it has to be sent in July, but what is the final date please? Any help welcome.

Zigs · Zigs

Hi Im doing the bookkeeping for builder, he had no income fror the period of the vat return as the work he had undertaken was not completed therefore no payments had made to him, however he put the amount of vat to reclaim from the purchases he had made. HMRC have said that he has to have a income figure al...

Silly Digits · Silly Digits

A client of mine has been renting out a property in USA jointly with 2 other people. An accountant is preparing the accounts for the property, but just need some guidance on how this works. Usually I would complete his self assessment tax return with employment and self employment, but this year I...

lor · lor

Just a quick question, I have been asked by someone, when is the earliest time they can file a tax return for the tax years 09/10. I know that it has to be done by 31st jan 11, but unsure when the earliest point would be. thank you in advance for your answers.

brooklh · brooklh

Hi All, I have a client who uses Sage Instant Accounts but I am not all that familiar with this system so could someone please let me have some advice? The system is of course currently set up to register VAT at 15%. However, when this changes on 1 Jan 2010, and I need to change it to 17.5%, how do I go about thi...

Rach · Rach

Hi All, new to this forum and I'm after some advice, pretty please! We are using the Employer CD Rom for payroll. We would like to give our staff a bonus for Xmas and I'm a bit stuck on the best way to go about this. The staff in question are monthly paid, and we would like them to have a set amount AFTER tax and N...

lor · lor

Hi All, Please could someone help, I have a client who can't find their P45, but it is needed to file their self assessment online (as they were employed at the beginning of the tax year) as well as being SE'ed, I have all their pay slips but then it asks for a PAYE no for the client. Is there any way around thi...

lor · lor

Hi All, I have a client, who is due a vat return refund, but HMRC have decided to do a further investigation on this. This is one of the things they have asked for: A VAT audit trail detailing Sales and Purchases that substantiates the figures declared on the return My question is how much detail should I...

lor · lor

Hi There, could you confirm that when it states tax overpaid,do you receive money back from HMRC or does it get allocated against next yrs tax return. I pretty sure its the latter but would like to be 100% sure! -- Edited by lor on Tuesday 1st of December 2009 01:01:06 PM

steve99.9 · steve99.9

Hi Does anyone know if business rates are zero rated , exempt or outside the scope of VAT Many thanks Steve

lor · lor

self employed and employed income: Am I correct that when declaring your Income for SE and if you have both the above then you will be taxed on both? even though you have paid paye through your wages when you were employed? this doesn't seem fair but I do expect there is a valid reason, could someone kindl...

Silly Digits · Silly Digits

I have a client who has income from a foreign property that is owned jointly. I have just found out that I need commercial tax return software to file online. Is there such thing as free commercial software? If so any suggestions would be great. Also any advise would be appreciated on the figures to...

lor · lor

Hi All Just a quick question that I wish to make sure that I am 100% clear on. When completing a clients self assessment tax return, when it comes to the part where you need to put interest received does this only incl business a/c or is this including any bank a/c in the clients name (personal ones). Thank...

tayorich · tayorich

Hi all, Could you give me some advise re the following scenario. My client raised an invoice back May and paid the invoice in batches. She paid the last instalment (which happens to be the vat element of the invoice) within the current vat submission period. Is it just a simple case of claiming the vat o...

Topic		Started By	Replies	Views	Last Post
	Late with January Self Assessment payment - automatic fine? (Preview) What would happen if I was late with my January payment......by one day? Is there an automatic fine or would I just be hit with interest? Because January 31st is on a Sunday it looks as though I may not have enough money in my bank account until the Monday. I could pay by credit card but they are hammering me...	Peasie	17	5274	Fri Jan 22 16:28 2010 by Shamus
	Purchases made prior to VAT registration: Original VAT or NBV? (Preview) Hi, I know that you can reclaim VAT on equipment / assets purchased within 3 years before VAT registration, but I am confused as to what amount of VAT can be reclaimed. I thought it was the amount as per the invoice, i.e. the actual amount charged at the point of purchase. However someone has told me that y...	morgwick	3	3044	Thu Jan 21 16:06 2010 by morgwick
	allowable expenses (Preview) Hey guys, im working on someones accounts whos an acupuncturist, she has a office and a clinic in her home, is it reasonable to charge £15 a week for each room for working from home using home as office? the rooms are soley for business use. the pension costs she has paid is her drawings therefore not an n...	Zigs	3	2457	Wed Jan 20 20:07 2010 by Zigs
	SAGE VAT Manual adjustments. (Preview) I am using Sage Instant Accounts V14 to prepare quartely VAT returns and need some help! I use the Cash Accounting scheme and I have set the preferences so that only T1 tax code (now 17.5%) are included in the return. As I record payments for general expenses (fuel, consumables etc) I don't always hav...	Sirocco	23	20668	Tue Jan 19 22:32 2010 by Sirocco
	ICB Courses - are these allowable expenses? (Preview) Probably a stupid question but I can't find any difinitive answer by googling. Are these courses allowable against my income tax bill? I'm thinking they (Manual 1,2 & 3) aren't but am not so sure about the computer course. This is being done to increase my profit hopefully. That's me enrolled in t...	Peasie	14	4485	Mon Jan 18 11:23 2010 by Wella
	Tax Returns (Preview) Hi I am about to complete a tax return online for a client using the free tax return (HMRC). My client this year has some income from foreign property. Will the free HMRC software let me submit online or do I need commercial software? Thanks	Silly Digits	1	2006	Mon Jan 11 10:45 2010 by BackOfficeGroup
	VAT return date? (Preview) Good morning, I'm doing quarterly VAT returns, how long do i have to complete and return it? I know that if i'm doing 'Apr-June' it has to be sent in July, but what is the final date please? Any help welcome.	blondie	2	4866	Wed Jan 6 12:32 2010 by blondie
	VAT inspection (Preview) Hi Im doing the bookkeeping for builder, he had no income fror the period of the vat return as the work he had undertaken was not completed therefore no payments had made to him, however he put the amount of vat to reclaim from the purchases he had made. HMRC have said that he has to have a income figure al...	Zigs	7	3555	Wed Jan 6 09:26 2010 by Shamus
	Income from foreign property (Preview) A client of mine has been renting out a property in USA jointly with 2 other people. An accountant is preparing the accounts for the property, but just need some guidance on how this works. Usually I would complete his self assessment tax return with employment and self employment, but this year I...	Silly Digits	4	2082	Tue Jan 5 12:06 2010 by Silly Digits
	earilest time to do a tax return! (Preview) Just a quick question, I have been asked by someone, when is the earliest time they can file a tax return for the tax years 09/10. I know that it has to be done by 31st jan 11, but unsure when the earliest point would be. thank you in advance for your answers.	lor	5	2336	Wed Dec 16 18:55 2009 by lor
	SAGE - changing VAT from 15% to 17.5% (Preview) Hi All, I have a client who uses Sage Instant Accounts but I am not all that familiar with this system so could someone please let me have some advice? The system is of course currently set up to register VAT at 15%. However, when this changes on 1 Jan 2010, and I need to change it to 17.5%, how do I go about thi...	brooklh	3	5125	Tue Dec 15 23:30 2009 by semsley
	Xmas Bonus (Preview) Hi All, new to this forum and I'm after some advice, pretty please! We are using the Employer CD Rom for payroll. We would like to give our staff a bonus for Xmas and I'm a bit stuck on the best way to go about this. The staff in question are monthly paid, and we would like them to have a set amount AFTER tax and N...	Rach	1	1732	Tue Dec 15 13:33 2009 by BackOfficeGroup
	P45 or lack of! (Preview) Hi All, Please could someone help, I have a client who can't find their P45, but it is needed to file their self assessment online (as they were employed at the beginning of the tax year) as well as being SE'ed, I have all their pay slips but then it asks for a PAYE no for the client. Is there any way around thi...	lor	12	4487	Wed Dec 9 18:41 2009 by lor
	vat inspection (Preview) Hi All, I have a client, who is due a vat return refund, but HMRC have decided to do a further investigation on this. This is one of the things they have asked for: A VAT audit trail detailing Sales and Purchases that substantiates the figures declared on the return My question is how much detail should I...	lor	10	8383	Fri Dec 4 12:21 2009 by lor
	tax return question (Preview) Hi There, could you confirm that when it states tax overpaid,do you receive money back from HMRC or does it get allocated against next yrs tax return. I pretty sure its the latter but would like to be 100% sure! -- Edited by lor on Tuesday 1st of December 2009 01:01:06 PM	lor	2	1816	Tue Dec 1 18:50 2009 by lor
	Business Rates (Preview) Hi Does anyone know if business rates are zero rated , exempt or outside the scope of VAT Many thanks Steve	steve99.9	1	2259	Fri Nov 27 21:56 2009 by semsley
	declared income (Preview) self employed and employed income: Am I correct that when declaring your Income for SE and if you have both the above then you will be taxed on both? even though you have paid paye through your wages when you were employed? this doesn't seem fair but I do expect there is a valid reason, could someone kindl...	lor	5	1998	Fri Nov 27 12:26 2009 by lor
	Foreign Income & Commercial tax returns (Preview) I have a client who has income from a foreign property that is owned jointly. I have just found out that I need commercial tax return software to file online. Is there such thing as free commercial software? If so any suggestions would be great. Also any advise would be appreciated on the figures to...	Silly Digits	0	1810	Fri Nov 27 10:05 2009 by Silly Digits
	bank interest for tax return (Preview) Hi All Just a quick question that I wish to make sure that I am 100% clear on. When completing a clients self assessment tax return, when it comes to the part where you need to put interest received does this only incl business a/c or is this including any bank a/c in the clients name (personal ones). Thank...	lor	13	4831	Thu Nov 26 12:33 2009 by lor
	To reclaim or not to reclaim (Preview) Hi all, Could you give me some advise re the following scenario. My client raised an invoice back May and paid the invoice in batches. She paid the last instalment (which happens to be the vat element of the invoice) within the current vat submission period. Is it just a simple case of claiming the vat o...	tayorich	2	1879	Mon Nov 23 17:17 2009 by semsley
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