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

Fiona46 · Fiona46

Hi I have disposed of a vehicle upon which AIA was claimed. The figures are: Cost 3000AIA (3000)Depreciation 1500The vehicle was scrapped.Please can you advise what adjustments need to be made in the tax compsMany thanks

Boris · Boris

Hi!! Could someone explain to me clearly how the reverse charge works? it's quite important and I'm not able to find clear and simple info on the Net. That's the situation: I'm a supplier and all my customers are abroad as Europe. I received a purchase order and I raise an invoice to the customer WITHOU...

Samilou67 · Samilou67

This is probably a weird question but has anyone submitted a VAT return online and then had the submission date different to the date it was submitted? Thanks Sam

Bucks Bodger · Bucks Bodger

I think I have made a big mistake when submitting P11Ds for a client in July.I now know that where the car was available for the whole of the tax year I should haveleft the available from and to boxes empty, but in fact I entered 06/04/2014 in the availablefrom and 05/04/2015 in the available to box. I thi...

Jay3 · Jay3

Hi, I watched a video about how to draw salary and dividends from a Ltd company in order to save on tax. It's tricky but I get it, however, what happens when you want to wind up a ltd company and close shop can you get hit for a load of Tax then? How does it work? I guess the other option would be to sell the busi...

Georgie · Georgie

Hi My client has spent £1600 for a new combi boiler and £600 on somebody installing it in his unfurnished rental property.(It was to replace one) . I am correct in thinking that he can not claim this as an expense? Georgie

SteveC1984 · SteveC1984

Hi All, I have a client operating as a Ltd. company who is looking to sell the business assets as he is winding down the company. A potential buyer has asked if the land is VAT electable. This is not something I have dealt with before and have read as much info on HMRC and the relevant VAT notices as I can find...

NinaKoni · NinaKoni

Hi All, I have a client who withdrawn all his pension pot and need to claim the overpaid tax from HMRC. I need to fill in form P53Z. the guide says he need to show the P45 from the pension provider. Do the pension providers issue always P45 when the pot is drown-down? My client has never heard of this form. Pl...

Georgie · Georgie

Hi, Can someone kindly confirm if this is correct for me please before I advise the client? The penalties for not submitting a tax return are approximately £1600 a year (no tax due as a profit wasn't made) but they didn't declare an income from a rental property dating back to 2006. Georgie

Leger · Leger

One of my clients has purchased a new van and part exhanged his old one (both transit type) My understanding is that on the PX, input VAT is chargeable if VAT was claimed at purchase (it was, as part of a pre reg claim) However, the main dealer has produced a used car purchase invoice and the VAT is nil. My f...

Eilef · Eilef

Do any of you hold a bank of HMRC forms that you would use with clients. Or do you just print them off the website as and when, just thought by ordering a load online would be cheaper as HMRC are paying the print and postage. I am trying to list what forms I am most likely to require, any suggestions would be w...

Georgie · Georgie

I think I must have some very mean clients you know. Firstly in the previous post I told you about the client who wanted to pay less money per hour for holiday pay and now this: Just got the bank statements from client and I see that instead of paying his staff on the 31st of the month he's been drip feeding th...

SpencerB · SpencerB

I am looking to start a limited company up as I am a coach driver and all of my mates are saying "sign up to the Flat Rate Scheme as I could gain with the VAT". I know I would have to earn under £150,000 but is there a minimum I have to earn? confused dot com -- Edited by Shamus on Monday 24th of August 2...

Meadowlands · Meadowlands

we have a new starter who should be making student loan payments but as his salary for the rest of the year dos't go over the threshold they won't be deducted from his salary. He was self employed for the first 4 months of the year, and has been making the student loan payments as part of the self assessmen...

Georgie · Georgie

Hi, Well I've never come across this before....Clients staff are paid an hourly rate. This month they want to pay their staff holiday pay at a lower rate per hour than when they work. Is this allowed? Georgie

elisabeth · elisabeth

Hi, I am established as an Ltd in England where I am the only employee receiving 800 pounds/month wage. I am hoping the Ltd will be able to have a positive balance someday next year and I will finally receive my salary in a retroactive basis. Despite not receiving my salary for now I believe this arrange...

Moonraker · Moonraker

Hi All, Just a quick question on simplified VAT receipts for supplies under £250 - if the receipt shows everything required by HMRC except the rate of VAT charged per item could input VAT still be claimed? Not sure what HMRC's view on this would be. Your thoughts would be much appreciated.

books2013 · books2013

Hi all, I would appreciate some help with the way I am trying to reconcile the payroll. Past accounts show; PL Wage £109421 PL Social Security £2975 (Which I assume is employers NIC) BS Paye £1856 I have taken the payroll P30 summaries to check and have as follows Gross pay £130027 PAYE £8650 Employer...

Shamus · Shamus

Just another warning about yet more change (and potential expense). I read an article over on Aweb about the change to move from the online filing that we are able to do for clients now and the new CATO system for joint accounts and tax filing. Unlike the existing system where agents are able to download...

Heidiho · Heidiho

One of my clients is a company in Switzerland and pays commissions to an UK company for sales and services for an UK customer. The Swiss company is registered for VAT in UK. Are these commissions liable to UK-VAT ? Thanks for your help

Topic		Started By	Replies	Views	Last Post
	What adjustment should be made in the tax comps? (Preview) Hi I have disposed of a vehicle upon which AIA was claimed. The figures are: Cost 3000AIA (3000)Depreciation 1500The vehicle was scrapped.Please can you advise what adjustments need to be made in the tax compsMany thanks	Fiona46	2	3782	Tue Sep 15 15:04 2015 by Fiona46
	Reverse Charge (Preview) Hi!! Could someone explain to me clearly how the reverse charge works? it's quite important and I'm not able to find clear and simple info on the Net. That's the situation: I'm a supplier and all my customers are abroad as Europe. I received a purchase order and I raise an invoice to the customer WITHOU...	Boris	5	1521	Sun Sep 13 19:56 2015 by Boris
	VAT return errors (Preview) This is probably a weird question but has anyone submitted a VAT return online and then had the submission date different to the date it was submitted? Thanks Sam	Samilou67	3	5069	Sat Sep 12 12:42 2015 by Cheshire
	P11D error (Preview) I think I have made a big mistake when submitting P11Ds for a client in July.I now know that where the car was available for the whole of the tax year I should haveleft the available from and to boxes empty, but in fact I entered 06/04/2014 in the availablefrom and 05/04/2015 in the available to box. I thi...	Bucks Bodger	3	4465	Fri Sep 11 15:45 2015 by Bucks Bodger
	Setting up a Ltd Company to save on Tax (Preview) Hi, I watched a video about how to draw salary and dividends from a Ltd company in order to save on tax. It's tricky but I get it, however, what happens when you want to wind up a ltd company and close shop can you get hit for a load of Tax then? How does it work? I guess the other option would be to sell the busi...	Jay3	13	6291	Tue Sep 8 20:48 2015 by Jay3
	Renewals (Preview) Hi My client has spent £1600 for a new combi boiler and £600 on somebody installing it in his unfurnished rental property.(It was to replace one) . I am correct in thinking that he can not claim this as an expense? Georgie	Georgie	6	5316	Tue Sep 8 20:24 2015 by Georgie
	Option to Tax (Preview) Hi All, I have a client operating as a Ltd. company who is looking to sell the business assets as he is winding down the company. A potential buyer has asked if the land is VAT electable. This is not something I have dealt with before and have read as much info on HMRC and the relevant VAT notices as I can find...	SteveC1984	3	3973	Mon Sep 7 16:53 2015 by leshoward
	Claiming overpaid tax flexible pension (Preview) Hi All, I have a client who withdrawn all his pension pot and need to claim the overpaid tax from HMRC. I need to fill in form P53Z. the guide says he need to show the P45 from the pension provider. Do the pension providers issue always P45 when the pot is drown-down? My client has never heard of this form. Pl...	NinaKoni	0	5660	Sun Sep 6 19:05 2015 by NinaKoni
	Penalties (Preview) Hi, Can someone kindly confirm if this is correct for me please before I advise the client? The penalties for not submitting a tax return are approximately £1600 a year (no tax due as a profit wasn't made) but they didn't declare an income from a rental property dating back to 2006. Georgie	Georgie	4	1493	Thu Sep 3 12:01 2015 by Georgie
	Input VAT on part exchange van (Preview) One of my clients has purchased a new van and part exhanged his old one (both transit type) My understanding is that on the PX, input VAT is chargeable if VAT was claimed at purchase (it was, as part of a pre reg claim) However, the main dealer has produced a used car purchase invoice and the VAT is nil. My f...	Leger	3	1769	Tue Sep 1 15:43 2015 by Leger
	HMRC Forms (Preview) Do any of you hold a bank of HMRC forms that you would use with clients. Or do you just print them off the website as and when, just thought by ordering a load online would be cheaper as HMRC are paying the print and postage. I am trying to list what forms I am most likely to require, any suggestions would be w...	Eilef	4	1313	Mon Aug 31 13:10 2015 by Eilef
	Drip feeding (Preview) I think I must have some very mean clients you know. Firstly in the previous post I told you about the client who wanted to pay less money per hour for holiday pay and now this: Just got the bank statements from client and I see that instead of paying his staff on the 31st of the month he's been drip feeding th...	Georgie	3	4794	Sat Aug 29 16:43 2015 by Georgie
	Flat Rate Scheme (Preview) I am looking to start a limited company up as I am a coach driver and all of my mates are saying "sign up to the Flat Rate Scheme as I could gain with the VAT". I know I would have to earn under £150,000 but is there a minimum I have to earn? confused dot com -- Edited by Shamus on Monday 24th of August 2...	SpencerB	9	5524	Sat Aug 29 13:56 2015 by Leger
	student loan dedudtions self employed - employed (Preview) we have a new starter who should be making student loan payments but as his salary for the rest of the year dos't go over the threshold they won't be deducted from his salary. He was self employed for the first 4 months of the year, and has been making the student loan payments as part of the self assessmen...	Meadowlands	3	914	Fri Aug 28 20:03 2015 by Cheshire
	Holiday Pay (Preview) Hi, Well I've never come across this before....Clients staff are paid an hourly rate. This month they want to pay their staff holiday pay at a lower rate per hour than when they work. Is this allowed? Georgie	Georgie	9	5198	Fri Aug 28 10:27 2015 by Cheshire
	late reporting (Preview) Hi, I am established as an Ltd in England where I am the only employee receiving 800 pounds/month wage. I am hoping the Ltd will be able to have a positive balance someday next year and I will finally receive my salary in a retroactive basis. Despite not receiving my salary for now I believe this arrange...	elisabeth	3	791	Fri Aug 28 10:20 2015 by Cheshire
	Simplified VAT receipts (Preview) Hi All, Just a quick question on simplified VAT receipts for supplies under £250 - if the receipt shows everything required by HMRC except the rate of VAT charged per item could input VAT still be claimed? Not sure what HMRC's view on this would be. Your thoughts would be much appreciated.	Moonraker	1	6403	Tue Aug 25 18:06 2015 by Cheshire
	Paye reconciliation help please (Preview) Hi all, I would appreciate some help with the way I am trying to reconcile the payroll. Past accounts show; PL Wage £109421 PL Social Security £2975 (Which I assume is employers NIC) BS Paye £1856 I have taken the payroll P30 summaries to check and have as follows Gross pay £130027 PAYE £8650 Employer...	books2013	1	4583	Tue Aug 25 17:08 2015 by Cheshire
	Corporation Tax filing change - More expense or more faffing around. (Preview) Just another warning about yet more change (and potential expense). I read an article over on Aweb about the change to move from the online filing that we are able to do for clients now and the new CATO system for joint accounts and tax filing. Unlike the existing system where agents are able to download...	Shamus	9	5439	Tue Aug 25 17:03 2015 by Cheshire
	Is the provision paid by a Swiss company to an UK company liable to UK-VAT ? (Preview) One of my clients is a company in Switzerland and pays commissions to an UK company for sales and services for an UK customer. The Swiss company is registered for VAT in UK. Are these commissions liable to UK-VAT ? Thanks for your help	Heidiho	8	5193	Tue Aug 25 16:52 2015 by Cheshire
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