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

TraceyAnn · TraceyAnn

Does anyone else belong to more than one professional body. I am currently a member of the ICB c/w with practising certificate, PII and MLR cover and have just renewed my membership with the AAT (qualified back in 1991). Is it worth keeping up the membership of the ICB and would one PII cover both, if y...

Roman · Roman

Hi My client is running a club. He pools the tips, service chrge and gratuties and then distribute amongst the employees. Above that wages for employees are paid separately. As per my client request, I have set up a Tronc Scheme, which was quite complicated. For those who does not know about this sche...

DBSC · DBSC

Hello, Pls somebody help me! I prepare VAT return for a dutch company, and there are some interesting transactions that I don't really understand. The problem is that this company is located in on other company's office, and uses their equipment (mobiles, desks...). The second company recharges t...

wrights distribution · wrights distribution

i'm a new courier business in the west midlands and was wondering if you can charge vat whilst waiting for a vat number?

Boo · Boo

Hi i have a small Ltd company and my 2 children aged 15 and 16 work for me after school and in school holidays. On my books am I ok just showing wages paid to them weekly at £100 a week or do i need to inform the IR or do anything else?

Boo · Boo

I know this question has probably been answered numerous times on this forum but i can't find it!! Can someone explain to me how i claim back VAT on fuel used for my business when using my own car. What would really help is a simple example or explanation as i just don't get the fuel sclae charges sheet. Man...

auzzoffice · auzzoffice

Hello all i am new to this forum but i need some help ok here is my question. ok i am going through a vat audit at the moment but i am away to put my company into adminastration but i am waiting for £11,000 back from my vat return when i close my company will i still get this money please let me know you can email me...

Purple · Purple

Hi I just wanted to verify something, if anybody out there can help. Due to a huge error with an electricity supplier we have just received a refund of £29k. The vat on the original invoices has previously been reclaimed as per usual practice, Am I correct to think that we need to repay the relevant vat on...

Terri · Terri

I wonder if I could get some advice from you. At the moment I have the ICB Level 1 in Basic Bookkeeping and am awaiting 10th June to take the level 2 exam. Whilst waiting for my exam, I have been advertising for about a month and a half and so far have one client. The only problem is that I have turned away 9 p...

whiskerspanther · whiskerspanther

When inputting supplier invoices onto Sage for a non vat registered client, am I right in thinking I still input any vat element on these invoices?

whiskerspanther · whiskerspanther

Hi Can someone please tell me if a self employed person pays tax on the total sum of his income for the year, or if his/her expenses are deducted first then the tax is worked out on the difference? Also where you have allowances for say tools or uniform what amount of tax relief do you get? I have looked on th...

Silly Digits · Silly Digits

Over the years I have completed accounts and the Self Assessment form for a client of mine who is a sole trader (accupunture practitioner). Recently they have moved house and made a room into a clinic. They have been refurbishing the clinic. Just after some advice really. If they use this room sol...

Craig Murray · Craig Murray

Hello Currently looking to purchase some plant and machinery for my business and looking at both new and second hand equipment. Does anyone know if 2nd hand plant and machinery items will qualify for the annual investment allowance and get the 100% write off for the first £50,000. If it has to be new it...

Tipur · Tipur

An unusual situation has arisen with one of my clients, and not one i've come across before. They are VAT registered, and VAT is applied on each sales invoice raised for the goods/services they provide. A flight was booked and paid for by my client on behalf of a supplier. The supplier must pay for the...

zetor1111 · zetor1111

hi all Can anyone help me? My client has just started his business. He is not sure he will be have any clients in the first 3 months of running (he builds his client's database). What would be record (vat return) for vat? Will he have to do a vat return even he hasn't done any sale? Best regards Thomas

Silly Digits · Silly Digits

Hi Just need a bit of advice. My year end is 5 April. If I was to purchase some sage software before 5 April for approx £550, would I be able to claim 25% of this in my 2008/9 accounts as a capital allowance. This is not my first year of trading.

mark197f1 · mark197f1

hi everybody i need some advice im just starting a new buisness well taking over an established buisness and i have got to be vat registered can i only claim vat back on company purchases or can i claim it back on anything that i pay vat on?

SarahT · SarahT

Hi everyone My client is a limited company who does work under the CIS scheme. They had CIS tax deducted at source throughout the year and also made a substantial profit leading to a big corporation tax liability. My client wants to offset the CIS due back against the corporation tax payment that is due...

Amanda · Amanda

Hi Everyone Please can someone tell me how to add the new VAT code for 15% on SAGE instants V12. Sage did send an e-mail and I deleted it by mistake and must have forgotten to print off a copy for the file. I have changed it on Quickbooks and was very straight forward and I'm sure its probably straight forwa...

downfield pay · downfield pay

Client is a hairdresser who does not get involved in employees' tips from customers (ie no Tronc, etc) - employees keep what they are given. On the p35 at the payroll year end does she need to declare (question 3) the fact that employees receive "benefits" from others (ie the tips from cust...

Topic		Started By	Replies	Views	Last Post
	Belonging to more than one professional body (Preview) Does anyone else belong to more than one professional body. I am currently a member of the ICB c/w with practising certificate, PII and MLR cover and have just renewed my membership with the AAT (qualified back in 1991). Is it worth keeping up the membership of the ICB and would one PII cover both, if y...	TraceyAnn	0	1932	Thu Jun 4 12:34 2009 by TraceyAnn
	Tronc Scheme and Employer Annual Return (P35) (Preview) Hi My client is running a club. He pools the tips, service chrge and gratuties and then distribute amongst the employees. Above that wages for employees are paid separately. As per my client request, I have set up a Tronc Scheme, which was quite complicated. For those who does not know about this sche...	Roman	1	3694	Fri May 29 17:54 2009 by williams lester accountants
	VAT Recharge (Preview) Hello, Pls somebody help me! I prepare VAT return for a dutch company, and there are some interesting transactions that I don't really understand. The problem is that this company is located in on other company's office, and uses their equipment (mobiles, desks...). The second company recharges t...	DBSC	6	11237	Fri May 29 11:58 2009 by SarahT
	vat registration (Preview) i'm a new courier business in the west midlands and was wondering if you can charge vat whilst waiting for a vat number?	wrights distribution	2	2214	Thu May 28 22:12 2009 by Fay
	employing under 16's (Preview) Hi i have a small Ltd company and my 2 children aged 15 and 16 work for me after school and in school holidays. On my books am I ok just showing wages paid to them weekly at £100 a week or do i need to inform the IR or do anything else?	Boo	7	5631	Wed May 20 22:57 2009 by GRDCredit
	HELP!! FUEL SCALE CHARGES (Preview) I know this question has probably been answered numerous times on this forum but i can't find it!! Can someone explain to me how i claim back VAT on fuel used for my business when using my own car. What would really help is a simple example or explanation as i just don't get the fuel sclae charges sheet. Man...	Boo	6	10596	Wed May 20 21:07 2009 by Boo
	Closing my company (Preview) Hello all i am new to this forum but i need some help ok here is my question. ok i am going through a vat audit at the moment but i am away to put my company into adminastration but i am waiting for £11,000 back from my vat return when i close my company will i still get this money please let me know you can email me...	auzzoffice	2	2610	Fri May 8 17:17 2009 by farmergiles
	VAT on electricity bill refund (Preview) Hi I just wanted to verify something, if anybody out there can help. Due to a huge error with an electricity supplier we have just received a refund of £29k. The vat on the original invoices has previously been reclaimed as per usual practice, Am I correct to think that we need to repay the relevant vat on...	Purple	4	4621	Fri May 8 14:19 2009 by farmergiles
	Tax Returns (Preview) I wonder if I could get some advice from you. At the moment I have the ICB Level 1 in Basic Bookkeeping and am awaiting 10th June to take the level 2 exam. Whilst waiting for my exam, I have been advertising for about a month and a half and so far have one client. The only problem is that I have turned away 9 p...	Terri	5	3720	Wed May 6 16:24 2009 by Denise
	VAT Question (Preview) When inputting supplier invoices onto Sage for a non vat registered client, am I right in thinking I still input any vat element on these invoices?	whiskerspanther	5	4590	Mon May 4 12:44 2009 by lor
	Rates of Tax (Preview) Hi Can someone please tell me if a self employed person pays tax on the total sum of his income for the year, or if his/her expenses are deducted first then the tax is worked out on the difference? Also where you have allowances for say tools or uniform what amount of tax relief do you get? I have looked on th...	whiskerspanther	2	2297	Fri Apr 10 16:06 2009 by whiskerspanther
	Using a room for business (Preview) Over the years I have completed accounts and the Self Assessment form for a client of mine who is a sole trader (accupunture practitioner). Recently they have moved house and made a room into a clinic. They have been refurbishing the clinic. Just after some advice really. If they use this room sol...	Silly Digits	2	2452	Fri Apr 3 11:39 2009 by Silly Digits
	Annual Investment allowance (Preview) Hello Currently looking to purchase some plant and machinery for my business and looking at both new and second hand equipment. Does anyone know if 2nd hand plant and machinery items will qualify for the annual investment allowance and get the 100% write off for the first £50,000. If it has to be new it...	Craig Murray	0	2481	Wed Mar 25 19:16 2009 by Craig Murray
	Should VAT be applied on a sales invoice which is charging-on travel? (Preview) An unusual situation has arisen with one of my clients, and not one i've come across before. They are VAT registered, and VAT is applied on each sales invoice raised for the goods/services they provide. A flight was booked and paid for by my client on behalf of a supplier. The supplier must pay for the...	Tipur	1	2816	Fri Mar 20 11:42 2009 by Dustin57
	new business vat (Preview) hi all Can anyone help me? My client has just started his business. He is not sure he will be have any clients in the first 3 months of running (he builds his client's database). What would be record (vat return) for vat? Will he have to do a vat return even he hasn't done any sale? Best regards Thomas	zetor1111	1	2633	Fri Mar 13 12:26 2009 by Liz
	Capital Allowance (Preview) Hi Just need a bit of advice. My year end is 5 April. If I was to purchase some sage software before 5 April for approx £550, would I be able to claim 25% of this in my 2008/9 accounts as a capital allowance. This is not my first year of trading.	Silly Digits	2	2882	Thu Mar 5 13:16 2009 by Silly Digits
	new buisness vat (Preview) hi everybody i need some advice im just starting a new buisness well taking over an established buisness and i have got to be vat registered can i only claim vat back on company purchases or can i claim it back on anything that i pay vat on?	mark197f1	1	2626	Thu Mar 5 10:57 2009 by Wendy
	CIS and Corporation Tax (Preview) Hi everyone My client is a limited company who does work under the CIS scheme. They had CIS tax deducted at source throughout the year and also made a substantial profit leading to a big corporation tax liability. My client wants to offset the CIS due back against the corporation tax payment that is due...	SarahT	3	6676	Wed Feb 18 15:44 2009 by SarahT
	changing VAT to 15% on SAGE instants V12 (Preview) Hi Everyone Please can someone tell me how to add the new VAT code for 15% on SAGE instants V12. Sage did send an e-mail and I deleted it by mistake and must have forgotten to print off a copy for the file. I have changed it on Quickbooks and was very straight forward and I'm sure its probably straight forwa...	Amanda	6	3431	Fri Feb 13 11:57 2009 by TraceyAnn
	Gratuities on p35 at YE (Preview) Client is a hairdresser who does not get involved in employees' tips from customers (ie no Tronc, etc) - employees keep what they are given. On the p35 at the payroll year end does she need to declare (question 3) the fact that employees receive "benefits" from others (ie the tips from cust...	downfield pay	0	2170	Wed Feb 4 17:10 2009 by downfield pay
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