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

Lyndsey · Lyndsey

Hi Does anyone know about the new stamp duty rules for BTL. My main question is does anyone know if it will be applicable if the property is gifted/willed to another party. My Father in law, wants to gift his BTL (which was previously his house, but he moved in with his partner and decided to keep the pro...

Leger · Leger

Stupid question alert. Where the flip does the balancing allowance go on the tax return? The client has sold a car for less than whats in the pool. I'm in section 4 and I've got Annual Investment Allowance, Allowance for small balance of unrelieved expenditure, other capital allowances, and balan...

Sass · Sass

I am preparing my company's annual account for the current year ending April/2016. How do I take into account the amount of corporation tax that I paid to HMRC for the previous year that company made profit for the first year of trading. I have looked at the list of allowed expences on the HRMC website an...

Leger · Leger

I have compiled a list of the questions asked for at the beginning of the tax return, so I can get the answers from the client in advance of going into the return. Please feel free to use if it is of any help.

Silly Digits · Silly Digits

Hi Trying to get my head around pension contributions. I have been told that tax relief is taken at source, and contributions are from net pay, but I cant seem to work how how sage payroll is calculating. Minimum contributions are being deducted for employee and employer. Should the figure just be 1%...

simba-ali · simba-ali

hello, i have a small annoying problem. sometimes my wageslip netpay can be 14p more than my physical pay on my bank statement. i know that this is a very small amount but would this cause any major issues with hmrc?. i received some great advice from this site last year and managed to sort the underpayme...

matt123 · matt123

I'm currently running a payroll and hourly staff are paid on 25th for hours worked from 16th to 15th the previous month. Salaried staff are paid on the 25th for the whole month. What would be the easiest way to streamline this? My previous workplace was worked a month in hand. I.e. 1st to 31st Oct would be...

Cheshire · Cheshire

Hi all Year end for first year Limited company was 31 July 2015, but date pulled back to shorten first year, to 31 March 2015. CT payment deadline is today (Ok strictly speaking tomorrow) - has been paid. When is deadline for CT600 - would I be correct in saying there is another 3 months to send to HMRC? ...

myke85 · myke85

Dear all, I am new to this forum but it has been a pleasure to read many of your insightful contributions. I am setting up a startup in the UK and would kindly ask for your advice. Situation: I am incorporating a company in the UK in January as we are building an online marketplace for bands / DJs. This is t...

Sammy76 · Sammy76

I ran payroll today for a client, a week early due to Christmas. However he asked me to set the bank payments to go next week. I processed everything with today's date although the employees won't be getting their money till next week as I couldn't see a way of changing it due to the set up. They have notes t...

Cheshire · Cheshire

Hi all. I have a C79 showing the VAT that I can reclaim on an import from China. Customer normally pays the shipper direct but this time he has paid HMRC via FAS. The amount on the C79 differs to what he has paid via FAS, presumably because there will be import duty as well as import VAT, but I would like to s...

Guest · Guest

Hi, I am hoping that someone can clarify something for me. It is probably a silly question but........ I understand that goods purchased outside of the UK are subject to import tax and duty in the UK and providing you have the relevant C79 form, you can claim this back as input tax but my questions is: Wha...

Lorry10 · Lorry10

When paying VAT to HMRC, should it be paid in respect of the date of the invoice raised ? Or in respect of payment of that invoice? In most cases this will fall into the same quarter, but if an invoice remains unpaid for months - should VAT still be paid ?

MrsB · MrsB

Hello all. I am new to doing VAT returns for a client business. Is there a simple list, ideally on the HMRC website, of which items are VATable and which aren't? I've tried googling each item as it comes up - some have nice clear answers, and other's you just can't find out anywhere. I don't have hours an...

Georgie · Georgie

Hi My client is a sole trader and vat registered. They do the vat returns quarterly and so i have to manually record the vat returns in VT As I am doing their accounts... Does this mean then that when I post their sales and purchase invoices I dont record the vat on them, as I have already picked it up when I ma...

NATALIA · NATALIA

Hi Everyone, I heard lots of opinion about Capital Allowance, but still make me confused. I wonder if you can help - how to work out if we buying new company car - what kind of costs (petrol,mot,millage rates etc) we can add under expenses (7xxx), how to claim capital allowance and have we got any fla...

blueeyes · blueeyes

Hi, What can be claimed back for attending a convention to the US please? It is a 5 day convention but they're wanting to stay 7 days. Thanks in advance

Plusside Ltd · Plusside Ltd

Hi, I feel like someone added a few more hurdles to my 100 metre race!!!!!!! I have a shop that reached its VAT threshold 1st Sept so they are now registered and they took a stock audit from that date so I need to match the stock to purchase invoices however because the shop sells lots of little things etc I'...

NATALIA · NATALIA

Hi, I have a problem with holiday entitlement for people who work for us flexible hours, For eg. Miss X working for us 5 days a week - 3h per pay, she is entitlement for 28 days holiday a year. However she was working for us 7h/day (overtimes - h increased and desreast depend of needs) for last 2 weeks. How...

Georgie · Georgie

Hi My client is in full time employment and has a company which which he only gets reimbursed 12p per business mile. Can I claim the difference back between that and the statutory 45p? I just need you guys to confirm this as it will generate a refund for him. Georgie

Topic		Started By	Replies	Views	Last Post
	New Stamp duty rules for Buy to Let (Preview) Hi Does anyone know about the new stamp duty rules for BTL. My main question is does anyone know if it will be applicable if the property is gifted/willed to another party. My Father in law, wants to gift his BTL (which was previously his house, but he moved in with his partner and decided to keep the pro...	Lyndsey	1	2351	Wed Jan 13 14:12 2016 by RobH
	Balancing allowances on tax return (Preview) Stupid question alert. Where the flip does the balancing allowance go on the tax return? The client has sold a car for less than whats in the pool. I'm in section 4 and I've got Annual Investment Allowance, Allowance for small balance of unrelieved expenditure, other capital allowances, and balan...	Leger	2	1914	Sat Jan 9 17:32 2016 by Leger
	help with ct600 (Preview) I am preparing my company's annual account for the current year ending April/2016. How do I take into account the amount of corporation tax that I paid to HMRC for the previous year that company made profit for the first year of trading. I have looked at the list of allowed expences on the HRMC website an...	Sass	3	5107	Sat Jan 9 02:48 2016 by FoxAccountancyServices
	Tax return - standard questions (Preview) I have compiled a list of the questions asked for at the beginning of the tax return, so I can get the answers from the client in advance of going into the return. Please feel free to use if it is of any help.	Leger	2	1119	Fri Jan 8 18:49 2016 by Leger
	Auto Enrolment Pension (Preview) Hi Trying to get my head around pension contributions. I have been told that tax relief is taken at source, and contributions are from net pay, but I cant seem to work how how sage payroll is calculating. Minimum contributions are being deducted for employee and employer. Should the figure just be 1%...	Silly Digits	1	892	Wed Jan 6 21:35 2016 by matt123
	quick question regarding pay (Preview) hello, i have a small annoying problem. sometimes my wageslip netpay can be 14p more than my physical pay on my bank statement. i know that this is a very small amount but would this cause any major issues with hmrc?. i received some great advice from this site last year and managed to sort the underpayme...	simba-ali	25	1756	Wed Jan 6 10:13 2016 by Shamus
	Payroll Dates/Schedule (Preview) I'm currently running a payroll and hourly staff are paid on 25th for hours worked from 16th to 15th the previous month. Salaried staff are paid on the 25th for the whole month. What would be the easiest way to streamline this? My previous workplace was worked a month in hand. I.e. 1st to 31st Oct would be...	matt123	4	1132	Mon Jan 4 19:08 2016 by Cheshire
	Latest date for CT600 (Preview) Hi all Year end for first year Limited company was 31 July 2015, but date pulled back to shorten first year, to 31 March 2015. CT payment deadline is today (Ok strictly speaking tomorrow) - has been paid. When is deadline for CT600 - would I be correct in saying there is another 3 months to send to HMRC? ...	Cheshire	6	5086	Fri Jan 1 16:51 2016 by Onion4Sage
	VAT for an online marketplace (Preview) Dear all, I am new to this forum but it has been a pleasure to read many of your insightful contributions. I am setting up a startup in the UK and would kindly ask for your advice. Situation: I am incorporating a company in the UK in January as we are building an online marketplace for bands / DJs. This is t...	myke85	5	1125	Thu Dec 31 13:26 2015 by Cheshire
	Payslip Date (Preview) I ran payroll today for a client, a week early due to Christmas. However he asked me to set the bank payments to go next week. I processed everything with today's date although the employees won't be getting their money till next week as I couldn't see a way of changing it due to the set up. They have notes t...	Sammy76	2	1039	Wed Dec 23 19:21 2015 by lainy
	VAT on imports from China / FAS (Preview) Hi all. I have a C79 showing the VAT that I can reclaim on an import from China. Customer normally pays the shipper direct but this time he has paid HMRC via FAS. The amount on the C79 differs to what he has paid via FAS, presumably because there will be import duty as well as import VAT, but I would like to s...	Cheshire	0	4132	Tue Dec 22 20:18 2015 by Cheshire
	VAT on goods purchased outside of the UK (Preview) Hi, I am hoping that someone can clarify something for me. It is probably a silly question but........ I understand that goods purchased outside of the UK are subject to import tax and duty in the UK and providing you have the relevant C79 form, you can claim this back as input tax but my questions is: Wha...	Guest	3	1058	Tue Dec 22 17:28 2015 by Cheshire
	VAT on unpaid invoices (Preview) When paying VAT to HMRC, should it be paid in respect of the date of the invoice raised ? Or in respect of payment of that invoice? In most cases this will fall into the same quarter, but if an invoice remains unpaid for months - should VAT still be paid ?	Lorry10	2	4988	Tue Dec 22 17:07 2015 by Cheshire
	VAT returns - is there a list of what is VATable/zero-rated or exempt? (Preview) Hello all. I am new to doing VAT returns for a client business. Is there a simple list, ideally on the HMRC website, of which items are VATable and which aren't? I've tried googling each item as it comes up - some have nice clear answers, and other's you just can't find out anywhere. I don't have hours an...	MrsB	3	4689	Fri Dec 18 18:00 2015 by leshoward
	Recording vat manually (Preview) Hi My client is a sole trader and vat registered. They do the vat returns quarterly and so i have to manually record the vat returns in VT As I am doing their accounts... Does this mean then that when I post their sales and purchase invoices I dont record the vat on them, as I have already picked it up when I ma...	Georgie	7	1410	Fri Dec 18 08:30 2015 by Leger
	Car, petrol, millage expenses - how to work out ? (Preview) Hi Everyone, I heard lots of opinion about Capital Allowance, but still make me confused. I wonder if you can help - how to work out if we buying new company car - what kind of costs (petrol,mot,millage rates etc) we can add under expenses (7xxx), how to claim capital allowance and have we got any fla...	NATALIA	4	1087	Thu Dec 17 12:38 2015 by NATALIA
	Claiming costs for convention trip (Preview) Hi, What can be claimed back for attending a convention to the US please? It is a 5 day convention but they're wanting to stay 7 days. Thanks in advance	blueeyes	7	1252	Wed Dec 16 11:14 2015 by Shamus
	VAT Threshold for shop (Preview) Hi, I feel like someone added a few more hurdles to my 100 metre race!!!!!!! I have a shop that reached its VAT threshold 1st Sept so they are now registered and they took a stock audit from that date so I need to match the stock to purchase invoices however because the shop sells lots of little things etc I'...	Plusside Ltd	4	840	Tue Dec 15 09:48 2015 by Plusside Ltd
	Holiday Entitlement for flexible workers (Preview) Hi, I have a problem with holiday entitlement for people who work for us flexible hours, For eg. Miss X working for us 5 days a week - 3h per pay, she is entitlement for 28 days holiday a year. However she was working for us 7h/day (overtimes - h increased and desreast depend of needs) for last 2 weeks. How...	NATALIA	2	1162	Sun Dec 13 09:47 2015 by Cheshire
	Reclaiming mileage expenses (Preview) Hi My client is in full time employment and has a company which which he only gets reimbursed 12p per business mile. Can I claim the difference back between that and the statutory 45p? I just need you guys to confirm this as it will generate a refund for him. Georgie	Georgie	4	1115	Sun Dec 13 09:47 2015 by Georgie
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