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

Gemma12 · Gemma12

Hi guys, I have a friend of my mom for whom I do her books for as a copy typist, however, she is a FE teacher in a previous working life - she has now decided to "double up" and also do some self-employed training. her services as a copy typist has income of well below the VAT threshold, but she is c...

SianEvans65 · SianEvans65

Hi My client has started going over to trade fairs in Belgium and Germany to sell her products. She has given me a folder of expense receipts and purchase invoices from various foreign suppliers and these have had VAT added to them. My client is VAT registered so can I simply reclaim this VAT on her next V...

shellie · shellie

Hi everyone I have a new client who works from home but does travel alot for business, she uses her car for both personal and business, I have been given her books for 2007/2008 and 2008/2009 There is a list of capital allowances as follows for April 2006/March 2007 Vehicle bought 25/07/06 Cl...

rhodes · rhodes

Hi My client has purchased 3 company vehicles, one is a lease purchase and the other HP and one outright purchase through the company. Can you please clarify the vat situation on each vehicle please, I have looked into this and i am getting a tad confused? Many thanks,Rhodes.

rhodes · rhodes

A client of mine set up last year and asked me to do their books. I started work on their company earlier in the year, on their first ever vat return we issued it via sage using the normal vat scheme, paying all vat over on invoiced dates and claiming purchase vat also. I am now aware of the flat rate scheme an...

ZoesBookkeeping · ZoesBookkeeping

Hi I have a new client who is in the construction industry. His invoices show total Labour costs less 5% retention and then the net figure is less 20% CIS - is this correct? Also when he receives his retention fee does he have to deduct a further 20% CIS? Thanks

confused SW 14 · confused SW 14

For many years my client has employed a small non VAT registered builder to maintain commercial property, which his VAT registered company owns. If the material content of a particular item was high he has asked to him to get an invoice in the companies name and paid separately and reclaimed VAT. The...

Jbook · Jbook

Hi My client has taken out a hire purchase agreement on some plant and machinery. Can they reclaim the input VAT straight away or do they reclaim a bit on each repayment? Thanks.

JillPen · JillPen

Hi I completed a basic book-keeping training course last year and I'm currently completing my first tax return. Can anyone advise whether I claim this training as a deductible expense on the return. It was quite costly and it will make a big difference to my tax bill if I can include it. Thanks. Jill

shellie · shellie

Hi I am really sorry to ask such a stupid question but my mind just won't work I am doing books for a builder who is not registered for VAT, and I have started to put on the receipts for petrol etc, as he is not registered am I right in thinking that he can not claim VAT on the petrol etc, and if I am right what tax c...

Amanda · Amanda

Hi Everyone, I have a new client, who I have taken on, who is on SAGE instants V10, my question is:- he is not VAT registered so when I input the Suppliers invoice on the system do I put the VAT in or just enter the Gross amount. The previous person has it as a T0 0% but not sure. He dosen't do a VAT return as his...

Julie · Julie

Hi, What happens if the VAT you are reclaiming is more than the VAT you have charged on sales - ie box 5 shows a minus total ?? Sorry in advance if the answer is totally obvious, but I have a block at the moment. Thanks, Julie

shellie · shellie

Hi I have a mathamatical question: I have a net of £1025.36 and I need to find the gross before 20% tax has been taken off please in process of pulling my hair out Shellie

ChrisT33 · ChrisT33

One of my clients has set up a new business which they are running alongside their existing business. They are already paying their Class 2 national insurance contributions, but they weren't sure (and neither was I) whether they need to be paying two lot's of Class 2 NIC now? Can anyone please advise?...

JoBooth · JoBooth

Hi, I'm a self-employed bookkeeper and thinking of changing my car. If I decided to do contract hire, would I still need to do a P11d? Would it also be advisable to volunteer vat registration to claim the 50% VAT? I would appreciate any help and advice on the best way to change my car through my busines...

shellie · shellie

Hi I am currently sub contracting work from lady who works for herself, from home, she has asked me to input all the data from a client who imports/exports wime from the EC, she has given me folders for each quarter and I am slowly working my way through them - there is alot of paperwork!! any way in the fo...

gtsbookkeeping · gtsbookkeeping

Hi, just a query, is national insurance contributions an expense in a self assessment tax return?

aita · aita

An employee works in an accounting firm. The firm sends the employee to a client. As a travelling expenses, employee incurs £100. Employee asks the firm to repay him the travelling expenses of £100. Whereas the firm asks the client to pay the travelling expenses of £(100 + V.A.T), i.e., £117.50. ...

Oonagh · Oonagh

Doing the self-assessment, I wonder, if I can reduct my personal income by the costs of school fees and accomodation for my dependent child in full-time education abroad. I am receiving child tax credit.

Oonagh · Oonagh

Hello everyone, I am not a book keeper and do my self assessments myself, including VAT. Concerning flight tickets for my business, I am unsure how to deal with the taxes. For example, Ryanair has got no clear brakedown of what they mean with "Taxes, Fees & Charges". There is no c...

Topic		Started By	Replies	Views	Last Post
	VAT on education (Preview) Hi guys, I have a friend of my mom for whom I do her books for as a copy typist, however, she is a FE teacher in a previous working life - she has now decided to "double up" and also do some self-employed training. her services as a copy typist has income of well below the VAT threshold, but she is c...	Gemma12	2	2894	Mon Oct 6 16:45 2008 by Gemma12
	Reclaiming Foreign VAT (Preview) Hi My client has started going over to trade fairs in Belgium and Germany to sell her products. She has given me a folder of expense receipts and purchase invoices from various foreign suppliers and these have had VAT added to them. My client is VAT registered so can I simply reclaim this VAT on her next V...	SianEvans65	2	10620	Mon Oct 6 16:00 2008 by SianEvans65
	A bit confused!! (Preview) Hi everyone I have a new client who works from home but does travel alot for business, she uses her car for both personal and business, I have been given her books for 2007/2008 and 2008/2009 There is a list of capital allowances as follows for April 2006/March 2007 Vehicle bought 25/07/06 Cl...	shellie	2	2615	Tue Sep 23 12:56 2008 by shellie
	Vat - company cars ?? (Preview) Hi My client has purchased 3 company vehicles, one is a lease purchase and the other HP and one outright purchase through the company. Can you please clarify the vat situation on each vehicle please, I have looked into this and i am getting a tad confused? Many thanks,Rhodes.	rhodes	3	2485	Sun Aug 31 18:29 2008 by rhodes
	Client - Wrong Vat Scheme (Preview) A client of mine set up last year and asked me to do their books. I started work on their company earlier in the year, on their first ever vat return we issued it via sage using the normal vat scheme, paying all vat over on invoiced dates and claiming purchase vat also. I am now aware of the flat rate scheme an...	rhodes	3	3006	Sat Aug 30 20:59 2008 by rhodes
	Subcontractor CIS / Retention (Preview) Hi I have a new client who is in the construction industry. His invoices show total Labour costs less 5% retention and then the net figure is less 20% CIS - is this correct? Also when he receives his retention fee does he have to deduct a further 20% CIS? Thanks	ZoesBookkeeping	2	12319	Wed Aug 27 14:33 2008 by ZoesBookkeeping
	VAT reclaim on goods bought by an agent (Preview) For many years my client has employed a small non VAT registered builder to maintain commercial property, which his VAT registered company owns. If the material content of a particular item was high he has asked to him to get an invoice in the companies name and paid separately and reclaimed VAT. The...	confused SW 14	0	2100	Sun Aug 17 16:44 2008 by confused SW 14
	Claiming VAT on a hire purchase agreement (Preview) Hi My client has taken out a hire purchase agreement on some plant and machinery. Can they reclaim the input VAT straight away or do they reclaim a bit on each repayment? Thanks.	Jbook	2	11407	Thu Aug 14 20:15 2008 by Jbook
	Are training costs tax deductible? (Preview) Hi I completed a basic book-keeping training course last year and I'm currently completing my first tax return. Can anyone advise whether I claim this training as a deductible expense on the return. It was quite costly and it will make a big difference to my tax bill if I can include it. Thanks. Jill	JillPen	7	12503	Wed Aug 13 19:58 2008 by Gemma12
	VAT not registered (Preview) Hi I am really sorry to ask such a stupid question but my mind just won't work I am doing books for a builder who is not registered for VAT, and I have started to put on the receipts for petrol etc, as he is not registered am I right in thinking that he can not claim VAT on the petrol etc, and if I am right what tax c...	shellie	2	2676	Thu Aug 7 13:13 2008 by shellie
	VAT on suppliers invoices if you are not registered (Preview) Hi Everyone, I have a new client, who I have taken on, who is on SAGE instants V10, my question is:- he is not VAT registered so when I input the Suppliers invoice on the system do I put the VAT in or just enter the Gross amount. The previous person has it as a T0 0% but not sure. He dosen't do a VAT return as his...	Amanda	3	7082	Fri Aug 1 10:13 2008 by Amanda
	VAT Return Question ? (Preview) Hi, What happens if the VAT you are reclaiming is more than the VAT you have charged on sales - ie box 5 shows a minus total ?? Sorry in advance if the answer is totally obvious, but I have a block at the moment. Thanks, Julie	Julie	2	2915	Thu Jul 31 22:47 2008 by Julie
	Finding the Gross (Preview) Hi I have a mathamatical question: I have a net of £1025.36 and I need to find the gross before 20% tax has been taken off please in process of pulling my hair out Shellie	shellie	2	2477	Wed Jul 30 18:08 2008 by shellie
	Class 2 national insurance contributions (Preview) One of my clients has set up a new business which they are running alongside their existing business. They are already paying their Class 2 national insurance contributions, but they weren't sure (and neither was I) whether they need to be paying two lot's of Class 2 NIC now? Can anyone please advise?...	ChrisT33	2	2431	Tue Jul 29 16:57 2008 by ChrisT33
	Contract Hire and P11d's (Preview) Hi, I'm a self-employed bookkeeper and thinking of changing my car. If I decided to do contract hire, would I still need to do a P11d? Would it also be advisable to volunteer vat registration to claim the 50% VAT? I would appreciate any help and advice on the best way to change my car through my busines...	JoBooth	3	5571	Tue Jul 22 08:57 2008 by Fay
	Acquisition VAT?? (Preview) Hi I am currently sub contracting work from lady who works for herself, from home, she has asked me to input all the data from a client who imports/exports wime from the EC, she has given me folders for each quarter and I am slowly working my way through them - there is alot of paperwork!! any way in the fo...	shellie	5	6207	Sat Jul 19 18:02 2008 by shellie
	tax return (Preview) Hi, just a query, is national insurance contributions an expense in a self assessment tax return?	gtsbookkeeping	1	2614	Fri Jul 4 00:07 2008 by robbiew
	Is the accounting treatment correct for this transaction? (Preview) An employee works in an accounting firm. The firm sends the employee to a client. As a travelling expenses, employee incurs £100. Employee asks the firm to repay him the travelling expenses of £100. Whereas the firm asks the client to pay the travelling expenses of £(100 + V.A.T), i.e., £117.50. ...	aita	2	2588	Tue Jul 1 18:08 2008 by aita
	deductions for childs full time education abroad? (Preview) Doing the self-assessment, I wonder, if I can reduct my personal income by the costs of school fees and accomodation for my dependent child in full-time education abroad. I am receiving child tax credit.	Oonagh	0	2195	Mon Jun 30 14:29 2008 by Oonagh
	Flight tickets flight tickets ryanair Fees & Charges (Preview) Hello everyone, I am not a book keeper and do my self assessments myself, including VAT. Concerning flight tickets for my business, I am unsure how to deal with the taxes. For example, Ryanair has got no clear brakedown of what they mean with "Taxes, Fees & Charges". There is no c...	Oonagh	2	3303	Mon Jun 30 14:16 2008 by Oonagh
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