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

luci · luci

Sorry to be a pain but just need to check something. I am trying to do a vat return for a client but they have put their vat number on invoices and then the money has gone into a head office account as its part of a franchise. My understanding is that they must include these on their return even though they hav...

hamster_tango · hamster_tango

Hello, I am about to submit Q4 08 VAT return and would much appreciate a view on this please! A customer has failed to pay a bad debt, we have been through small claims but no response at all. Therefore they now have a CCJ and we have not got our money. I would like to reclaim the £428.96 VAT which we paid t...

luci · luci

Please can i have your opinions on if this would seem reasonable to you. A sole trader has asked me to do his VAT return giving me this weekend to do it. He only has about 30-40 transactions but he has several missing documents/invoices which he cannot remember what amounts he paid and cannot find his ch...

alis · alis

I have just transferred some accounts to a new accounts program(VT transaction) and seem to have increased the VAT liability by the amount of the customers opening balances!! I would appreciate some advice as to how to show this has already been paid. The help with the package suggests I should dat...

Amanda · Amanda

Hi Everyone, I'm looking for some advise, as I having a blank moment. National insurance contributions would oyou post them to the Drawings account ot National insurance set up as an Expense. The previous person posted them to Drawings but I'm not so sure. I suppose they are also a liability as its mo...

Wowee · Wowee

My new client started trading in July (they have just engaged me). It issued invoices in July, and charged VAT on them, altho they had no VAT number. Vat registration certificate came thru with effect from 1st August. I know its illegal to charge VAT without being registered, but they didn't. Would it...

luci · luci

Sorry if this is in the wrong topic (this is my first post and not sure what to do) i have got a client who wants me to do his vat return when its due it appears to be quite straight forward but have no idea how much to charge? Any ideas would be appreciated. Lucy

lil miss · lil miss

Hi folks, Happy new year to you all! I have a new client who offers freelance sales services to companies (among other marketing services), she is basically receiving commission for new clients that she brings in to this specific company....my question for all you VAT experts out there is - is this a...

Julie · Julie

I am currently working on entering manual accounts onto Sage, my client started his year in April08 and has only just become VAT registered (Nov) - cash accounting. I have entered all taxable purchase invoices and corresponding payments up to the end of November as T1. However, I am now comming up...

abuchafreelance · abuchafreelance

Hello all! I have a customer who's been receiving Job Seeker Allowance for a while, during the same financial year he signed-off and started his own business as self-employed. My question is, because both situations were taken in whithin the same financial year, how can we reflect that in the Tax Ret...

tracey · tracey

Hello All i hope to visit this site quite often to ask questions about tax and vat. What i would like to know is that i have voulartry register for vat to claim back the vat i pay on diesel and parts etc. Sorry i forgot to mention what i do, basicaly i have a wagon with a crane on it and charged £35 a hour for the ve...

MMaude · MMaude

Hi there, can anyone advise me on how to treat the addition fee added to a retail credit card sale to cover merchant charges. Would this be exempt from VAT? Thanks Mary

lil miss · lil miss

Hi folks, Hoping for some wisdom from you guys! ! New book keeping client, been issued with 2 assessments for VAT following failure to submit returns (she registered herself for VAT without a clue on what needed to be done)... Turns out amounts paid over to HMRC far exceed actual amount that would ha...

Hani · Hani

IF anyone could help me....I have a client who has just started his own resturant business. In his first month he owes the tax man £1105.00 as VAT. Is there anyway of him reducing this amount as it is a new business?

shellie · shellie

Hi I have a quick question, I have a year of remittance advices for my client who is a builder and he had work subcontracted out to him the figures are as follows: £867.94 gross - 20% = 694.35 which was paid into his account by bacs then there is an amount for TAX for £173.59, I have done my maths and I can see wh...

dublin2111 · dublin2111

hi there my husbands business is a sole proprietor ship - but we have purchased the Ltd company name to secure it - once its registred at companies house do we need to start trading under it - or can we have it as dormant until we are ready to transfer to a limited company status. are there many benefits to be...

dublin2111 · dublin2111

HI COULD SOMEONE HELP ME.. my partgner is registered for CIS - and currently we invoice our gross less 20% CIS Tax payments. i.e. Invoice Gross = £100 less 20% @ £20 net = £80 we are now VAT registered and i am unsure where to apply the VAT element on the invoices i.e. would it be after i have come to my Net val...

Amanda · Amanda

Hi Everyone, I have a question about CIS tax, my guy sometimes does work for other contractors and sends them an invoice -20% CIS which the other contractor pays for pays the CIS to the HMRC. Do I put the invoice on ie labour -20%, but put this down as a nett amount or do I need to show the 20% tax on the invoic...

Joe · Joe

My client has started importing books from the US. Not in bulk mind just the odd one here and there to sell with his other products. When it comes to completing his VAT return do I include these purchases on the return and if so in which boxes?

closecontrol · closecontrol

I am new to the Forum, and wonder if anyone can explain the benefits to me for both the Directors and the Company in the payment of Dividends in relation to salary. Thank you Jane - Close Control

Topic		Started By	Replies	Views	Last Post
	VAT returns? (Preview) Sorry to be a pain but just need to check something. I am trying to do a vat return for a client but they have put their vat number on invoices and then the money has gone into a head office account as its part of a franchise. My understanding is that they must include these on their return even though they hav...	luci	1	3266	Thu Jan 29 09:43 2009 by Dustin57
	VAT on a bad debt (Preview) Hello, I am about to submit Q4 08 VAT return and would much appreciate a view on this please! A customer has failed to pay a bad debt, we have been through small claims but no response at all. Therefore they now have a CCJ and we have not got our money. I would like to reclaim the £428.96 VAT which we paid t...	hamster_tango	1	2503	Thu Jan 29 09:41 2009 by Dustin57
	Reasonable Charge (Preview) Please can i have your opinions on if this would seem reasonable to you. A sole trader has asked me to do his VAT return giving me this weekend to do it. He only has about 30-40 transactions but he has several missing documents/invoices which he cannot remember what amounts he paid and cannot find his ch...	luci	2	2598	Mon Jan 26 12:23 2009 by luci
	VAT on transferred balances (Preview) I have just transferred some accounts to a new accounts program(VT transaction) and seem to have increased the VAT liability by the amount of the customers opening balances!! I would appreciate some advice as to how to show this has already been paid. The help with the package suggests I should dat...	alis	0	2256	Sun Jan 25 21:51 2009 by alis
	National Insurance Contributions (Preview) Hi Everyone, I'm looking for some advise, as I having a blank moment. National insurance contributions would oyou post them to the Drawings account ot National insurance set up as an Expense. The previous person posted them to Drawings but I'm not so sure. I suppose they are also a liability as its mo...	Amanda	2	4334	Sat Jan 24 18:55 2009 by Amanda
	Charging VAT before VAT registration (Preview) My new client started trading in July (they have just engaged me). It issued invoices in July, and charged VAT on them, altho they had no VAT number. Vat registration certificate came thru with effect from 1st August. I know its illegal to charge VAT without being registered, but they didn't. Would it...	Wowee	1	3577	Wed Jan 21 13:52 2009 by Mary
	VAT- how much to charge? (Preview) Sorry if this is in the wrong topic (this is my first post and not sure what to do) i have got a client who wants me to do his vat return when its due it appears to be quite straight forward but have no idea how much to charge? Any ideas would be appreciated. Lucy	luci	3	7978	Mon Jan 19 18:32 2009 by luci
	VAT on sales commission??? (Preview) Hi folks, Happy new year to you all! I have a new client who offers freelance sales services to companies (among other marketing services), she is basically receiving commission for new clients that she brings in to this specific company....my question for all you VAT experts out there is - is this a...	lil miss	2	19388	Tue Jan 6 11:21 2009 by lil miss
	Another VAT Question ! (Preview) I am currently working on entering manual accounts onto Sage, my client started his year in April08 and has only just become VAT registered (Nov) - cash accounting. I have entered all taxable purchase invoices and corresponding payments up to the end of November as T1. However, I am now comming up...	Julie	1	2285	Wed Dec 17 17:59 2008 by abuchafreelance
	JSA and Tax Returns (Preview) Hello all! I have a customer who's been receiving Job Seeker Allowance for a while, during the same financial year he signed-off and started his own business as self-employed. My question is, because both situations were taken in whithin the same financial year, how can we reflect that in the Tax Ret...	abuchafreelance	0	1946	Wed Dec 17 17:33 2008 by abuchafreelance
	HELP NEEDED WITH VAT (Preview) Hello All i hope to visit this site quite often to ask questions about tax and vat. What i would like to know is that i have voulartry register for vat to claim back the vat i pay on diesel and parts etc. Sorry i forgot to mention what i do, basicaly i have a wagon with a crane on it and charged £35 a hour for the ve...	tracey	1	2250	Sat Dec 13 14:00 2008 by shellie
	VAT on Credit Card Sales fee passed to customers (Preview) Hi there, can anyone advise me on how to treat the addition fee added to a retail credit card sale to cover merchant charges. Would this be exempt from VAT? Thanks Mary	MMaude	1	5449	Tue Nov 25 17:36 2008 by Gemma12
	VAT assessment/s - how to resolve over payment?!! (Preview) Hi folks, Hoping for some wisdom from you guys! ! New book keeping client, been issued with 2 assessments for VAT following failure to submit returns (she registered herself for VAT without a clue on what needed to be done)... Turns out amounts paid over to HMRC far exceed actual amount that would ha...	lil miss	3	2709	Tue Nov 25 10:12 2008 by lil miss
	VAT Claim (Preview) IF anyone could help me....I have a client who has just started his own resturant business. In his first month he owes the tax man £1105.00 as VAT. Is there anyway of him reducing this amount as it is a new business?	Hani	4	2777	Sat Nov 1 17:52 2008 by CBS
	CIS and VAT (Preview) Hi I have a quick question, I have a year of remittance advices for my client who is a builder and he had work subcontracted out to him the figures are as follows: £867.94 gross - 20% = 694.35 which was paid into his account by bacs then there is an amount for TAX for £173.59, I have done my maths and I can see wh...	shellie	5	11742	Thu Oct 23 11:17 2008 by JWB
	limited company - tax benefits (Preview) hi there my husbands business is a sole proprietor ship - but we have purchased the Ltd company name to secure it - once its registred at companies house do we need to start trading under it - or can we have it as dormant until we are ready to transfer to a limited company status. are there many benefits to be...	dublin2111	3	2705	Thu Oct 23 10:05 2008 by JWB
	VAT / CIS INVOICING (Preview) HI COULD SOMEONE HELP ME.. my partgner is registered for CIS - and currently we invoice our gross less 20% CIS Tax payments. i.e. Invoice Gross = £100 less 20% @ £20 net = £80 we are now VAT registered and i am unsure where to apply the VAT element on the invoices i.e. would it be after i have come to my Net val...	dublin2111	3	10963	Tue Oct 21 14:03 2008 by peter
	CIS Tax (Preview) Hi Everyone, I have a question about CIS tax, my guy sometimes does work for other contractors and sends them an invoice -20% CIS which the other contractor pays for pays the CIS to the HMRC. Do I put the invoice on ie labour -20%, but put this down as a nett amount or do I need to show the 20% tax on the invoic...	Amanda	1	7347	Fri Oct 17 17:03 2008 by Wendy
	Importing books from the US (Preview) My client has started importing books from the US. Not in bulk mind just the odd one here and there to sell with his other products. When it comes to completing his VAT return do I include these purchases on the return and if so in which boxes?	Joe	3	2613	Fri Oct 10 10:43 2008 by Joe
	Directors Dividends v salary (Preview) I am new to the Forum, and wonder if anyone can explain the benefits to me for both the Directors and the Company in the payment of Dividends in relation to salary. Thank you Jane - Close Control	closecontrol	2	2791	Tue Oct 7 10:17 2008 by Accountsguy
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