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

Helz · Helz

I have been approached by someone who set up a Ltd company in January, supplying private tutoring to children who have special education needs. The tutoring is supporting the work they do at school. He is concerned as to his VAT status - not near threshold at present, but wants to know what his position...

Silly Digits · Silly Digits

Hi all Business VAT registered, Ltd company. I have a client that has received some money off a van that was purchased for the business. This is not taken account for on the VAT invoice from the car dealer. Do I have to post a dummy credit and take in to account the VAT on this 50/50 goodwill discount?

Diona · Diona

Hello cleaver and amazing bookkeepers, The company should be no longer vat registered from February this year, but on HMRC gateway website it is still VAT registered. Is that possible? Or am I missing something? Thanks Diona

Markosta · Markosta

Hello Filling CT600 first time can any of you help me Turn Over £2000 Cost of sales: £1200 Administrative expenses: £3200 PC, printer and fittings: £1200 Ordinary shares 1 - £1 the money for admin expenses, pc and fittings i took from my personal account to cover them £4400 Can you please guide me wher...

Lyndsey · Lyndsey

Hi I am doing the year end for a business, they did not become VAT registered until 01/04, their YE is 31/03 so every expense at the minute is gross of VAT. I will be claiming back VAT on a few items ie a large printer (which will fall under capital allowances) and a few set up costs ie setting up their phone l...

Nikole · Nikole

I have set up a pay element within payroll to deduct a fixed amount from an employees pay which will accrue as holiday fund until ready to be paid. In Sage accounts i have a deductions already set up as 7000 (gross wage) but thought that it should go to 2216. Can anyone clarify that i am right in thinking it s...

Dorota · Dorota

Hi, I am preparing the VAT return and there are some discrepancies between the figures for box 1 and 4 on the main return summary and in the detailed report created from Sage. It does not change the VAT amount but I'd like to know where the the problem lies. Not sure if it is some kind of bug in Sage as I have n...

KAZ · KAZ

Hello! I am pretty sure that VAT cannot be reclaimed on white goods. Does this apply to both new builds and conversion?

StuartAnder · StuartAnder

Hi, I'm confusing the hell out of my self. I have a partnership that is closing down in in year 2 of trading, we claimed capital allowances in the first year of trading for the full cost, so there is no Tax written down balance to carry forward to year 2. So say they had an item for £500, and claimed This...

Jay · Jay

Good afternoon, We undertake payroll for a number of our clients using Payroll Manager. At the end of the year a "year to date" print out is made and this includes Employees - Total pay - tax - Employee NIC - Net pay - Employer NIC However one client does his own PAYE using HMRC software. We get his paperw...

figaro · figaro

I do the books for a healthcare & recruitment company that produces around 70% of VAT exempt supplies and the other 30% at the standard VAT rate. Am I right in saying that they: Can claim VAT back on purchases made directly in relation to services that they charge standard VAT on Cannot claim any VAT...

Wendy Third · Wendy Third

Have Sage 1 Payroll and researching whether to just do everything in-house as we only have 4 on payroll. Opinions? Thoughts on pension provider?

fin6y · fin6y

I've got a client who up until now has been on cash-basis FRS, but from the start of next VAT quarter (June) will be coming out of FRS to go onto a normal cash accounting scheme. I'm a bit unsure on how this works with creditors at the point of leaving. If a supplier gave him an invoice dated 31/05/16 when he w...

LizB · LizB

Hi. Just taken on a new client, and have a mental block over the following :- They were running as a sole trader, but incorporated as a Ltd Comp around Sept last year. They continued using the sole trader side until 31 March, so have only started putting things through the Ltd Comp from 1st April (Account...

Wendy Third · Wendy Third

Appears easy to do in SAGE. What are the implications in terms of a double hit of VAT at changeover?

Georgie · Georgie

Hi, Does anyone have any fortnightly payrolls? Are they a pain? Only I've had an enquiry about doing a fortnightly payroll. Mine are all monthly at the moment but I could see it could create a problem if you wanted to go away etc...How do you get around this, apart from taking your laptop on holiday! Geo...

Peasie · Peasie

Having a bit of a nightmare trying to find things regarding Auto Enrolment - for when they don't need to be auto enrolled but can opt in. 1] Employer has one employee (over 22 y/o) but they know in advance this person doesn't want to opt in. They are above £112/week but below £192/week. From my understand...

Nikole · Nikole

I am reconciling the wages with accounts before i send off to the accountant and i have managed to balance everything but have had to credit the suspense account. Would anyone mind taking a look at my total wage figure and accounts figure to to clarify i have done everything right before i go bonkers.

Blonde Accountant · Blonde Accountant

Hi, I don't know if anyone can help but my client is dealing with an Australian company, but they are part of a global group, including the UK. My client has been specifically asked to invoice the Australian company. What about the vat aspect, as her accountant has mentioned that if they have a company i...

klp27 · klp27

My new business has no trading history and therefore cannot purchase a van on business contract hire. If personal hire purchase is used by owner can the VAT be reclaimed?

Topic		Started By	Replies	Views	Last Post
	VAT status on private SEN tutor (Preview) I have been approached by someone who set up a Ltd company in January, supplying private tutoring to children who have special education needs. The tutoring is supporting the work they do at school. He is concerned as to his VAT status - not near threshold at present, but wants to know what his position...	Helz	2	1183	Wed Jun 1 12:53 2016 by Helz
	Goodwill discount (Preview) Hi all Business VAT registered, Ltd company. I have a client that has received some money off a van that was purchased for the business. This is not taken account for on the VAT invoice from the car dealer. Do I have to post a dummy credit and take in to account the VAT on this 50/50 goodwill discount?	Silly Digits	2	953	Tue May 31 19:53 2016 by Cheshire
	De-register For VAT (Preview) Hello cleaver and amazing bookkeepers, The company should be no longer vat registered from February this year, but on HMRC gateway website it is still VAT registered. Is that possible? Or am I missing something? Thanks Diona	Diona	13	1206	Mon May 30 19:07 2016 by Cheshire
	CT600 help please ASAP (Preview) Hello Filling CT600 first time can any of you help me Turn Over £2000 Cost of sales: £1200 Administrative expenses: £3200 PC, printer and fittings: £1200 Ordinary shares 1 - £1 the money for admin expenses, pc and fittings i took from my personal account to cover them £4400 Can you please guide me wher...	Markosta	19	1572	Mon May 30 15:37 2016 by Leger
	Prereg VAT claims (Preview) Hi I am doing the year end for a business, they did not become VAT registered until 01/04, their YE is 31/03 so every expense at the minute is gross of VAT. I will be claiming back VAT on a few items ie a large printer (which will fall under capital allowances) and a few set up costs ie setting up their phone l...	Lyndsey	5	945	Sun May 29 22:56 2016 by abacus12345
	Holiday accrued fund (Preview) I have set up a pay element within payroll to deduct a fixed amount from an employees pay which will accrue as holiday fund until ready to be paid. In Sage accounts i have a deductions already set up as 7000 (gross wage) but thought that it should go to 2216. Can anyone clarify that i am right in thinking it s...	Nikole	29	2464	Sat May 28 23:40 2016 by Leger
	VAT return summary and detailed report in SAGE (Preview) Hi, I am preparing the VAT return and there are some discrepancies between the figures for box 1 and 4 on the main return summary and in the detailed report created from Sage. It does not change the VAT amount but I'd like to know where the the problem lies. Not sure if it is some kind of bug in Sage as I have n...	Dorota	2	1172	Wed May 25 23:59 2016 by Cheshire
	White Goods and VAT (Preview) Hello! I am pretty sure that VAT cannot be reclaimed on white goods. Does this apply to both new builds and conversion?	KAZ	3	2372	Wed May 25 21:21 2016 by leshoward
	Tax and capital allowances (Preview) Hi, I'm confusing the hell out of my self. I have a partnership that is closing down in in year 2 of trading, we claimed capital allowances in the first year of trading for the full cost, so there is no Tax written down balance to carry forward to year 2. So say they had an item for £500, and claimed This...	StuartAnder	4	897	Wed May 25 11:10 2016 by abacus12345
	HMRC Paye software (Preview) Good afternoon, We undertake payroll for a number of our clients using Payroll Manager. At the end of the year a "year to date" print out is made and this includes Employees - Total pay - tax - Employee NIC - Net pay - Employer NIC However one client does his own PAYE using HMRC software. We get his paperw...	Jay	3	1487	Tue May 24 18:21 2016 by Cheshire
	VAT partial exemption... (Preview) I do the books for a healthcare & recruitment company that produces around 70% of VAT exempt supplies and the other 30% at the standard VAT rate. Am I right in saying that they: Can claim VAT back on purchases made directly in relation to services that they charge standard VAT on Cannot claim any VAT...	figaro	2	737	Tue May 24 17:39 2016 by RobH
	Workplace Pensions (Preview) Have Sage 1 Payroll and researching whether to just do everything in-house as we only have 4 on payroll. Opinions? Thoughts on pension provider?	Wendy Third	19	1169	Tue May 24 15:48 2016 by Cheshire
	Leaving the FRS and Joining Cash Accounting (Preview) I've got a client who up until now has been on cash-basis FRS, but from the start of next VAT quarter (June) will be coming out of FRS to go onto a normal cash accounting scheme. I'm a bit unsure on how this works with creditors at the point of leaving. If a supplier gave him an invoice dated 31/05/16 when he w...	fin6y	6	1059	Tue May 24 09:56 2016 by fin6y
	Ltd Comp VAT reclaim 'Pre Trading' (Preview) Hi. Just taken on a new client, and have a mental block over the following :- They were running as a sole trader, but incorporated as a Ltd Comp around Sept last year. They continued using the sole trader side until 31 March, so have only started putting things through the Ltd Comp from 1st April (Account...	LizB	3	702	Mon May 23 20:29 2016 by leshoward
	VAT: Moving from Cash Accounting to Invoice Accounting (Preview) Appears easy to do in SAGE. What are the implications in terms of a double hit of VAT at changeover?	Wendy Third	7	1769	Mon May 23 17:44 2016 by Cheshire
	Fortnightly pay (Preview) Hi, Does anyone have any fortnightly payrolls? Are they a pain? Only I've had an enquiry about doing a fortnightly payroll. Mine are all monthly at the moment but I could see it could create a problem if you wanted to go away etc...How do you get around this, apart from taking your laptop on holiday! Geo...	Georgie	20	1421	Sat May 21 10:40 2016 by Cheshire
	Pensions Auto Enrolment - template letters. (Preview) Having a bit of a nightmare trying to find things regarding Auto Enrolment - for when they don't need to be auto enrolled but can opt in. 1] Employer has one employee (over 22 y/o) but they know in advance this person doesn't want to opt in. They are above £112/week but below £192/week. From my understand...	Peasie	15	1484	Thu May 19 12:39 2016 by Leger
	Cannot get the payroll to balance with the accounts side - Help (Preview) I am reconciling the wages with accounts before i send off to the accountant and i have managed to balance everything but have had to credit the suspense account. Would anyone mind taking a look at my total wage figure and accounts figure to to clarify i have done everything right before i go bonkers.	Nikole	2	841	Wed May 18 12:20 2016 by Nikole
	Australian Customer (Preview) Hi, I don't know if anyone can help but my client is dealing with an Australian company, but they are part of a global group, including the UK. My client has been specifically asked to invoice the Australian company. What about the vat aspect, as her accountant has mentioned that if they have a company i...	Blonde Accountant	7	1205	Tue May 17 01:00 2016 by Cheshire
	Reclaiming VAT on van purchase through personal finance (Preview) My new business has no trading history and therefore cannot purchase a van on business contract hire. If personal hire purchase is used by owner can the VAT be reclaimed?	klp27	8	994	Sun May 15 19:00 2016 by Cheshire
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