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

LizB · LizB

Hi. I have just taken on a client that is on the VAT Flat Rate Scheme at 9.5%. I am getting myself in a right muddle trying to think through how to post his sales invoices (which will have VAT added at 15%) correctly into Sage, so that I can produce correct figures for his VAT Return each quarter, and show th...

lor · lor

If you were doing a 08/09 tax return for a s/e person, who was employed at the beginnig of the tax year then went on to self employed work a couple of months later. Would you deduct the tax paid from employment work against the s/e income tax???? but I take it you would only look at that tax year 08/09 and you...

lor · lor

I have a couple of qu's can anyone help, on the above form what do i put in the boxes labelled agent codes and client reference. The reason for this is that I have a new client and they would like me to tell hmrc about them starting to do self employed work, I have been told to fill out form 64-8 by hmrc......I a...

bookworm · bookworm

If my financial year ends on 30th April, so the year ended 30 04 08 is the basis of my 2008-2009 tax, can I only claim AIA on assets bought after 5th April 2008, ie bought from 6/4/08 to 30/04/08? That is my understanding but not too sure. Thanks

lor · lor

Hi All Please can you tell me, when you recieve the above does the effective date have to be the same date as the start date of self employment, or is a month gap between the 2 dates acceptable i.e. start date of self employment 1/09/09 and vat effective date 27/07/2009. thank u in advance -- Edited by lor o...

Silly Digits · Silly Digits

Getting myself totally confused about motoring costs. I have a new client, Ltd Co, VAT registered. 2 directors (husband & wife) Used to keep a record of mileage for old van and use the formula fuel purchased x bus. mileage divided by total mileage. Has since purchased a new van. 100% business us...

BHB · BHB

Hi, some input required, re a potential 1st client. My driving instructor is getting a divorce and previosly had her books done by her brother in law. Now divorcing so he's not wanting to do them for her. He hasn't done them regularly this year and she couldn't tell her solicitor what her income is so...

lor · lor

Hi All How long is it before HMRC send through a vat refund for a VAT Return?

Andy Davies · Andy Davies

If someone has a tax allowance for business mileage i.e. they claimed a large amount of business mileage each year, so their tax code is alterred to reflect this, what happens if they do not claim as many business miles to equate to the allowance in a tax year? I assume they will be liable for a bill? My p...

Julie · Julie

Hi All, Could someone clarify what you can reclaim vat on prior to registration. I know that you can reclaim fixed asset purchase upto 3 years prior, would this include things such as motor repairs if the vehcile is still owned by the business ? Any pointers would be really helpful Julie

Silly Digits · Silly Digits

Can anyone advise on reclaiming VAT on motoring costs. I have a client who has recently purchased a new vehicle, he is VAT registered, he has claimed all the VAT back on the purcahse of the vehicle, 100% business use. My client is a limited company. I am presuming that he can reclaim VAT on all repairs e...

bambinou · bambinou

Hello all, I have a problem regarding invoicing. My accounttant seems to be gone on holiday and I am alone,,,please help. As explained in another forum thread, I will sell music from unsigned and signed bands, this also means that some of them will be business registered and some others won't. I will h...

Fitzpaam · Fitzpaam

Hi, Anything special to watch out for with regards to tax on a newly formed Ltd company (hairdressing) non VAT registered. 2 Directors will be full time workers also - any payroll issues around this? They want to go via the minimum earnings/dividends route - any points to note there?

Marky65 · Marky65

Hi I have a client who is going on a conference to Rome (lucky bugger) in September and his invoice includes vat at 20%. Using Sage I was thinking of using VAT code T8, is this correct Thanks for your help Regards Mark

pmcclure · pmcclure

Can someone tell me please if vat is involved when buying and selling used cars/motor bikes. If so how is it calculated? Thanks Peter

bambinou · bambinou

Hello all, As explained in the other thread I will use the self invoicing system with my suppliers. My accountant told me to write self invoices with 0% V.A.T when the suplpier is outside UK but in EC, he also told me (months and months ago) to do reversal charge from those 0% V.A.T. Could someone explain...

bambinou · bambinou

Dear All, I have set up a company in UK(a website), I will do my best to explain my problem. 1)I will sell mp3s ONLINE, therefore the bands will be my suppliers. 2)Each time I will sell a song, I will also be supplied with it, both transactions will be done at the same time. 3)In order to get a fast and reliabl...

shellie · shellie

Hi Can any one please tell me what an Annual Business Inquiry is and what does it entail. Thanks Shellie

rigger · rigger

hello im a bricklayer sub-contracting on a labour only basis in belgium, right the thing is the contractor whom im working for insists that im VAT reg, so in order to receive my payments i`v had to vol register for VAT,even though i may only earn 40k a year, on my invoice could i put excluding VAT?to avoid...

Suffolker · Suffolker

I've just started doing the vat returns for a new client. I enter all the sales and purchases with the gross and vat seperated, is this the standard way and do I need to tick any boxes on sage? They claim vat when the invoices are issued rather than when they are paid. Also I was wondering what the deadlin...

Topic		Started By	Replies	Views	Last Post
	Posting VAT on Flat Rate Scheme - Help?! (Preview) Hi. I have just taken on a client that is on the VAT Flat Rate Scheme at 9.5%. I am getting myself in a right muddle trying to think through how to post his sales invoices (which will have VAT added at 15%) correctly into Sage, so that I can produce correct figures for his VAT Return each quarter, and show th...	LizB	1	2651	Sun Oct 18 12:07 2009 by Davey
	employed income and self employed income (Preview) If you were doing a 08/09 tax return for a s/e person, who was employed at the beginnig of the tax year then went on to self employed work a couple of months later. Would you deduct the tax paid from employment work against the s/e income tax???? but I take it you would only look at that tax year 08/09 and you...	lor	6	2167	Fri Oct 16 12:27 2009 by lor
	form 64-8 (Preview) I have a couple of qu's can anyone help, on the above form what do i put in the boxes labelled agent codes and client reference. The reason for this is that I have a new client and they would like me to tell hmrc about them starting to do self employed work, I have been told to fill out form 64-8 by hmrc......I a...	lor	13	8569	Mon Oct 12 17:34 2009 by lor
	Annual Investment Allowance (Preview) If my financial year ends on 30th April, so the year ended 30 04 08 is the basis of my 2008-2009 tax, can I only claim AIA on assets bought after 5th April 2008, ie bought from 6/4/08 to 30/04/08? That is my understanding but not too sure. Thanks	bookworm	1	1924	Mon Oct 12 16:50 2009 by Dustin57
	certificate of registration for VAT (Preview) Hi All Please can you tell me, when you recieve the above does the effective date have to be the same date as the start date of self employment, or is a month gap between the 2 dates acceptable i.e. start date of self employment 1/09/09 and vat effective date 27/07/2009. thank u in advance -- Edited by lor o...	lor	6	2490	Sat Oct 3 12:24 2009 by lor
	Motoring costs for a Limited Co. (Preview) Getting myself totally confused about motoring costs. I have a new client, Ltd Co, VAT registered. 2 directors (husband & wife) Used to keep a record of mileage for old van and use the formula fuel purchased x bus. mileage divided by total mileage. Has since purchased a new van. 100% business us...	Silly Digits	5	2553	Tue Sep 29 21:28 2009 by lor
	1st Client - VAT Return (Preview) Hi, some input required, re a potential 1st client. My driving instructor is getting a divorce and previosly had her books done by her brother in law. Now divorcing so he's not wanting to do them for her. He hasn't done them regularly this year and she couldn't tell her solicitor what her income is so...	BHB	5	5106	Mon Sep 28 12:25 2009 by lor
	vat refunds (Preview) Hi All How long is it before HMRC send through a vat refund for a VAT Return?	lor	2	2323	Sun Sep 27 12:11 2009 by lor
	Business mileage tax allowance (Preview) If someone has a tax allowance for business mileage i.e. they claimed a large amount of business mileage each year, so their tax code is alterred to reflect this, what happens if they do not claim as many business miles to equate to the allowance in a tax year? I assume they will be liable for a bill? My p...	Andy Davies	1	1873	Tue Sep 22 17:11 2009 by Davey
	Fixed Assets - VAT Registration (Preview) Hi All, Could someone clarify what you can reclaim vat on prior to registration. I know that you can reclaim fixed asset purchase upto 3 years prior, would this include things such as motor repairs if the vehcile is still owned by the business ? Any pointers would be really helpful Julie	Julie	2	3757	Tue Sep 15 17:17 2009 by Julie
	VAT on motoring costs (Preview) Can anyone advise on reclaiming VAT on motoring costs. I have a client who has recently purchased a new vehicle, he is VAT registered, he has claimed all the VAT back on the purcahse of the vehicle, 100% business use. My client is a limited company. I am presuming that he can reclaim VAT on all repairs e...	Silly Digits	5	2989	Fri Sep 11 08:09 2009 by Silly Digits
	help with the understanding of an invoice (Preview) Hello all, I have a problem regarding invoicing. My accounttant seems to be gone on holiday and I am alone,,,please help. As explained in another forum thread, I will sell music from unsigned and signed bands, this also means that some of them will be business registered and some others won't. I will h...	bambinou	2	2887	Fri Aug 28 15:35 2009 by Damo8604
	Hairdressers - New Limited Company set up (Preview) Hi, Anything special to watch out for with regards to tax on a newly formed Ltd company (hairdressing) non VAT registered. 2 Directors will be full time workers also - any payroll issues around this? They want to go via the minimum earnings/dividends route - any points to note there?	Fitzpaam	0	1885	Wed Aug 26 23:00 2009 by Fitzpaam
	VAT & Italian Conference (Preview) Hi I have a client who is going on a conference to Rome (lucky bugger) in September and his invoice includes vat at 20%. Using Sage I was thinking of using VAT code T8, is this correct Thanks for your help Regards Mark	Marky65	1	1767	Tue Aug 25 11:50 2009 by Wendy
	Vat on used vehicles (Preview) Can someone tell me please if vat is involved when buying and selling used cars/motor bikes. If so how is it calculated? Thanks Peter	pmcclure	9	5965	Mon Aug 24 13:13 2009 by pmcclure
	what is a reversal charge? (Preview) Hello all, As explained in the other thread I will use the self invoicing system with my suppliers. My accountant told me to write self invoices with 0% V.A.T when the suplpier is outside UK but in EC, he also told me (months and months ago) to do reversal charge from those 0% V.A.T. Could someone explain...	bambinou	1	2162	Thu Aug 20 14:44 2009 by Wendy
	Help with self invoicing (Preview) Dear All, I have set up a company in UK(a website), I will do my best to explain my problem. 1)I will sell mp3s ONLINE, therefore the bands will be my suppliers. 2)Each time I will sell a song, I will also be supplied with it, both transactions will be done at the same time. 3)In order to get a fast and reliabl...	bambinou	6	3516	Fri Aug 14 13:59 2009 by bambinou
	Annual Business Inquiry (Preview) Hi Can any one please tell me what an Annual Business Inquiry is and what does it entail. Thanks Shellie	shellie	4	8016	Wed Aug 5 17:15 2009 by shellie
	VAT help (Preview) hello im a bricklayer sub-contracting on a labour only basis in belgium, right the thing is the contractor whom im working for insists that im VAT reg, so in order to receive my payments i`v had to vol register for VAT,even though i may only earn 40k a year, on my invoice could i put excluding VAT?to avoid...	rigger	2	2669	Mon Aug 3 12:02 2009 by BackOfficeGroup
	Vat Schemes & Return Dates... (Preview) I've just started doing the vat returns for a new client. I enter all the sales and purchases with the gross and vat seperated, is this the standard way and do I need to tick any boxes on sage? They claim vat when the invoices are issued rather than when they are paid. Also I was wondering what the deadlin...	Suffolker	3	2379	Fri Jul 31 16:14 2009 by Weebly_one
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