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

Gail72 · Gail72

Hi all I know someone who is just about to start using Moneysoft and has entered all their info and was "playing about" entering data to experiment etc to see how things worked and on one payslip entered something in basic and something in additions Sounds really daft but apparently they cant remove th...

Maggie Russell · Maggie Russell

Hiya I am trying to sort out an account which has an o/s payment due of £591.60 which should have been processed as Supplier Payments but have been put through as Bank Payments by the previous accounts person. Is it possible to match these up or should I delete the original invoice once I am happy that...

aja1968 · aja1968

hiya, I have a receipt for batteries, with no vat breakdown, but the company are vat reg . Any ideas? Thanks

Amanda · Amanda

HI Everyone, Hope you are all looking forward to some time off over Christmas! I was wondering what people are charging nowadays for payroll and AE. Nearly all my payroll clients are bookkeeping clients as well and I charge the payroll separately. But I have got a few that are just payroll and basical...

Samilou67 · Samilou67

hi can anyone help with this please? i have taken on payroll for a new client and I need to do an EYA for the 2015-2016 wages as two of the emplyees did not have all their wages put through the payroll. I know how to do it in HMRC software but the employees are showing in the current year as starting in January...

Dinky · Dinky

I recently took on a client who told me it was just one buy to let, joint with her husband and there would be some pre-letting renovation expenses to include as it was purchased May 2015 and let from August 2015. Nice and simple. I have now been told that they lived in the property after it was purchased an...

Fiona46 · Fiona46

Hi all. I am wanting to submit my sisters self assessment tax return. I have completed the calculation so know what the tax liability is. I have input on the Revenue website and our figures agree, however she made payments on account totalling £1,000 and this is not being taken off the final liability o...

Kash21 · Kash21

This is my first post, I had a poke around here and also on the HMRC website. I am going to ask a stupid question and prepare for the inevitable wrath that will ensue... Is there a list that you code point me to of all tax codes and the groups that relate to them?

Lyndsey · Lyndsey

Hi I'm hoping someone can help. My father-in-law passed away a few weeks ago, he had meant to request me to do his tax return for 2015-16, however, never got round to giving me authority over him with HMRC. I am trying to help his wife, my partner & his brother sort out everything (as noone has any idea...

Princess · Princess

Hello I've just taken on my first flat rate VAT customer. I use QuickBooks and have just set up a company file with 8.5% as the flat rate amount. I've called QuickBooks this morning to try and understand how it works but I'm not sure they really understood it either. I'm fine with the sales. I can see th...

Leger · Leger

Company makes (say) £500 donation to registered charity. payment from bank, where does the other side of the double entry go? I did think it was a normal expenses but reading up I thin it should be claimed as a tax allowance in the corporation tax computation, not as a normal business expense. On tax...

Cheshire · Cheshire

Just been notified by a client that there is a VAT inspection on 18th January and he wants me there. Are HMRC having a laugh? Smack bang in the middle of bloody silly season - FFS! Sorry - felt the need for a rant!!! Also it just made me wonder what you guys do in such situations. I attended his first one...

Leger · Leger

I have an AVG invoice to record for anti virus software. They are based in the Netherlands and there is no VAT on the invoice, however, at the bottom of the invoice it says "The person to whom the service is rendered is liable to declare and pay any VAT pursuant to article 196 of the Council Directive 2006...

Nimac · Nimac

Hello Some of our employees have been working at a remote site for most of this year and they have been paid £20 a day on top of their wages for every night away from home. It has been paid as a payment direct to them rather than through payroll. My question now is do they have to declare this income and will th...

Leger · Leger

Client (Ltd) has purchased a car (taxi) in his wife's name as he was unable to get it on business finance. Wife is paid from the business account every month to cover the finance and I'm wondering the best way to deal with it tax efficiently, as I don't think I can put it into the books as a company vehicle...

Leger · Leger

Last year client introduced two vehicles, one at £1600 one at £1100 and depreciated them for the 6 months the business had been trading, so b/f figures were £2700 FA and £270 depreciation The £1600 vehicle has now been been taken out of the business so I have done the journal as follows Credit: FA veh...

Newbie84 · Newbie84

Dear All, Just a query on Mobile franchise business. I have started keeping books for a T mobile franchisee and have noticed I might need to do reverse charges for certain invoices above £5k. On the invoice, it states ''If you are based in the EU but outside the UK this supply may be subject to reverse cha...

Lyndsey · Lyndsey

Hi Quick question, would a solicitors fees for drawing up a partnership agreement allowable for tax for the partnership? Thanks Lyndsey

Peasie · Peasie

I've just been informed an employee of one of my clients is transgender and is changing their name accordingly. (Female name to male name). Any procedures I must go through or can I just go ahead and make any changes or does the employee need to inform HMRC and I wait to be told of any changes? Anything els...

davidm1986 · davidm1986

I appologise if this is a naive question. Just to give some background I run a part-time business as a sole traderI am not VAT registeredI fill in a self-assessment to declare what I make or loose through self-employed activitiesMy question is this: When I enter values for calculating allowable e...

Topic		Started By	Replies	Views	Last Post
	Moneysoft issue (Preview) Hi all I know someone who is just about to start using Moneysoft and has entered all their info and was "playing about" entering data to experiment etc to see how things worked and on one payslip entered something in basic and something in additions Sounds really daft but apparently they cant remove th...	Gail72	7	1169	Fri Dec 30 15:14 2016 by Cheshire
	Supplier Invoices not matched to Bank Payments (Preview) Hiya I am trying to sort out an account which has an o/s payment due of £591.60 which should have been processed as Supplier Payments but have been put through as Bank Payments by the previous accounts person. Is it possible to match these up or should I delete the original invoice once I am happy that...	Maggie Russell	2	843	Thu Dec 22 20:05 2016 by Maggie Russell
	vat on batteries (Preview) hiya, I have a receipt for batteries, with no vat breakdown, but the company are vat reg . Any ideas? Thanks	aja1968	1	6100	Wed Dec 21 14:34 2016 by Cheshire
	Payroll charges and AE (Preview) HI Everyone, Hope you are all looking forward to some time off over Christmas! I was wondering what people are charging nowadays for payroll and AE. Nearly all my payroll clients are bookkeeping clients as well and I charge the payroll separately. But I have got a few that are just payroll and basical...	Amanda	4	1188	Wed Dec 21 10:47 2016 by Cheshire
	Earlier year update (Preview) hi can anyone help with this please? i have taken on payroll for a new client and I need to do an EYA for the 2015-2016 wages as two of the emplyees did not have all their wages put through the payroll. I know how to do it in HMRC software but the employees are showing in the current year as starting in January...	Samilou67	2	1058	Mon Dec 19 18:59 2016 by Samilou67
	PPR and renovation expenses on rental property (Preview) I recently took on a client who told me it was just one buy to let, joint with her husband and there would be some pre-letting renovation expenses to include as it was purchased May 2015 and let from August 2015. Nice and simple. I have now been told that they lived in the property after it was purchased an...	Dinky	4	1024	Thu Dec 15 13:04 2016 by Dinky
	Tax paid on account (Preview) Hi all. I am wanting to submit my sisters self assessment tax return. I have completed the calculation so know what the tax liability is. I have input on the Revenue website and our figures agree, however she made payments on account totalling £1,000 and this is not being taken off the final liability o...	Fiona46	2	903	Mon Dec 12 21:45 2016 by Fiona46
	Tax Codes list (Preview) This is my first post, I had a poke around here and also on the HMRC website. I am going to ask a stupid question and prepare for the inevitable wrath that will ensue... Is there a list that you code point me to of all tax codes and the groups that relate to them?	Kash21	19	2233	Sun Dec 11 23:55 2016 by Cheshire
	Tax Return for deceased party (Preview) Hi I'm hoping someone can help. My father-in-law passed away a few weeks ago, he had meant to request me to do his tax return for 2015-16, however, never got round to giving me authority over him with HMRC. I am trying to help his wife, my partner & his brother sort out everything (as noone has any idea...	Lyndsey	3	1030	Sun Dec 11 15:24 2016 by Lyndsey
	Flat rate VAT in Quickbooks (or any software actually) (Preview) Hello I've just taken on my first flat rate VAT customer. I use QuickBooks and have just set up a company file with 8.5% as the flat rate amount. I've called QuickBooks this morning to try and understand how it works but I'm not sure they really understood it either. I'm fine with the sales. I can see th...	Princess	10	3526	Fri Dec 9 22:40 2016 by Leger
	Double entry for Ltd Company donations to registered charity (Preview) Company makes (say) £500 donation to registered charity. payment from bank, where does the other side of the double entry go? I did think it was a normal expenses but reading up I thin it should be claimed as a tax allowance in the corporation tax computation, not as a normal business expense. On tax...	Leger	9	3341	Thu Dec 8 22:33 2016 by abacus12345
	Seriously?!!! (Preview) Just been notified by a client that there is a VAT inspection on 18th January and he wants me there. Are HMRC having a laugh? Smack bang in the middle of bloody silly season - FFS! Sorry - felt the need for a rant!!! Also it just made me wonder what you guys do in such situations. I attended his first one...	Cheshire	6	1029	Thu Dec 8 22:24 2016 by Shamus
	Reverse charge or goods purchased from EC? (Preview) I have an AVG invoice to record for anti virus software. They are based in the Netherlands and there is no VAT on the invoice, however, at the bottom of the invoice it says "The person to whom the service is rendered is liable to declare and pay any VAT pursuant to article 196 of the Council Directive 2006...	Leger	3	1061	Tue Dec 6 12:10 2016 by Leger
	P11D's and expenses (Preview) Hello Some of our employees have been working at a remote site for most of this year and they have been paid £20 a day on top of their wages for every night away from home. It has been paid as a payment direct to them rather than through payroll. My question now is do they have to declare this income and will th...	Nimac	5	969	Thu Dec 1 15:51 2016 by pictures
	Correct treatment of car loan purchased in wifes name (Preview) Client (Ltd) has purchased a car (taxi) in his wife's name as he was unable to get it on business finance. Wife is paid from the business account every month to cover the finance and I'm wondering the best way to deal with it tax efficiently, as I don't think I can put it into the books as a company vehicle...	Leger	2	984	Thu Dec 1 15:11 2016 by Leger
	Disposing of an asset - journal entry (Preview) Last year client introduced two vehicles, one at £1600 one at £1100 and depreciated them for the 6 months the business had been trading, so b/f figures were £2700 FA and £270 depreciation The £1600 vehicle has now been been taken out of the business so I have done the journal as follows Credit: FA veh...	Leger	6	1693	Wed Nov 30 23:29 2016 by Leger
	VAT Reverse Charges (Preview) Dear All, Just a query on Mobile franchise business. I have started keeping books for a T mobile franchisee and have noticed I might need to do reverse charges for certain invoices above £5k. On the invoice, it states ''If you are based in the EU but outside the UK this supply may be subject to reverse cha...	Newbie84	4	1734	Mon Nov 28 19:23 2016 by leshoward
	Solicitors fees for partnership? (Preview) Hi Quick question, would a solicitors fees for drawing up a partnership agreement allowable for tax for the partnership? Thanks Lyndsey	Lyndsey	2	966	Fri Nov 25 23:54 2016 by MarkS
	Transgender - payroll implications (Preview) I've just been informed an employee of one of my clients is transgender and is changing their name accordingly. (Female name to male name). Any procedures I must go through or can I just go ahead and make any changes or does the employee need to inform HMRC and I wait to be told of any changes? Anything els...	Peasie	3	1494	Wed Nov 23 12:16 2016 by Cheshire
	self assessment - sole trader - not VAT registered - Exclusive or Inclusive of VAT? (Preview) I appologise if this is a naive question. Just to give some background I run a part-time business as a sole traderI am not VAT registeredI fill in a self-assessment to declare what I make or loose through self-employed activitiesMy question is this: When I enter values for calculating allowable e...	davidm1986	2	1030	Wed Nov 23 12:09 2016 by Cheshire
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