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

Hamilton61 · Hamilton61

Hi I've just taken on a pub as a new client and they have given me daily Z reports. (I haven't done bookkeeping for a pub before). The reports give me a breakdown of Draft, Bottles, Spirits etc (and food) as gross sales. There is then a breakdown of cash and credit card takings which the report shows as n...

Alex Davidov · Alex Davidov

Good afternoon. My question is how to account for the difference between the standard VAT rate and the amount which pay to HMRC using a 9% flat rate? I suppose I need to increase the taxable income with the difference. And for the expenses - can I enter the gross amount using No VAT? So, for example, if I ha...

LouiseR · LouiseR

Hello We are an Apprenticeship Training Provider which is 99% funded by the ESFA. We are being absolutely hammered by VAT that we cannot recover because the supplies to learners we are making (we arent charging them, we are just delivering our ESFA (Government) contract, are outside scope. I have to...

AMajor · AMajor

Hi everyone, I'm hoping those with Sage knowledge can assist here. My client has imported some goods from Vietnam. She has signed up for a Duty Deferment Account with HMRC and we have the first statement. I can find only information on Sage that mentions Postponed VAT accounting so not sure I am lookin...

getting_it_right · getting_it_right

Help!! I've been looking at how business mileage claims have been posted for a VAT registered company, and came across some notes which suggested we should be calculating the "Approved Amount" claimable, and when posting separating out the VAT element of the expense. So posting 2 lines for each tra...

Queenie · Queenie

Hi I wondered if anyone could help. Ive just had the annual audit and they raised an issue as Id put vat on a customer invoice for a grant. our local council had said it should have VAT on. Apparently we was misinformed. is it not their responsibility to tell me correctly or was it my responsibility to che...

Kinbuck · Kinbuck

Hi EveryoneI de-registered a (troublesome) client for Vat at 31/3/20 as he stopped the catering part of his business and was only providing chef services. Due to Covid he had to go back to catering after 6 months and has only just told me when handing the records over. To be honest, I didn't expect to s...

Artois · Artois

Hi all New client has a Ltd Co ''owning' two properties which they have asked me to do the accounts for, they done last years accounts themselves and the properties have been included on the balance sheet but there were no profits on rental, on taking over the accounts and looking into this further it t...

Leger · Leger

Just doing a 20-21 tax return and realised I didn't depreciate a vehicle on the 19-20 return. Should I amend the tax return to match? Obviously there is no tax loss/gain in doing so. Secondly, is claiming capex if profit is below tax threshold voluntary for the same year. This year he's (just) over t...

johnhemming · johnhemming

It sort of half news as they were talking about this earlier this year. Taxpayers with a turnover in excess of 10K will have to use MTD software for that tax year and later. VAT registered businesses under the compulsory threshold will become compulsory in FY 2022 This is the relevant ministerial...

ClareAB · ClareAB

Hi all Please can you help!? I am just starting up as a bookkeeper and have been asked by a customer if I can do his self assessment. Do I need any qualifications to do this? I have AAT Level 2 currently. Thanks Clare

AMajor · AMajor

Hi there, It's a long time since I posted on here so hoping you'll be able to help We are having a discussion regarding various invoices where digital services are supplied and would like to know about the vat treatment of them. These are for companies like Adobe, Apple, Microsoft, Dropbox where they a...

GillyP · GillyP

Hi all Apologies if this has been already posted (I did try searching, but didnt find anything), but I am wondering if the VAT reverse charge should be applied to invoices for materials only, raised by a CIS subcontractor? The VAT Reverse charge is applied to sales invoices where a subcontractor is b...

daxkandoi · daxkandoi

Hi, I am using VT Software for VAT Return submission. I alrelady paid subscription for VT Software licence, now when i am going submit VAT Return, Its showing following message, VT MTD for Agents requires a subscription for VT Accounts. Free evalution period has expired. Do u want purchase a lice...

elyphotographer78 · elyphotographer78

I have been moved to the the Monthly VAT return filing by HMRC. So my last return was quarterly and finished end of April 21 and I've already submitted it. The due date is 7th of June, which is the 1 month and 7 days from the end of April. If I am due a return, will that not happen until the due date has passed or w...

BookDragon · BookDragon

Hi all, new to this forum and great to see a thriving community. I have just submitted an MTD Vat return and realised that we have not included the usual management charge to our other company for an element of staff costs. To save time I'll clarify that we do have to charge VAT on this even though it is for...

eduacc · eduacc

Hi I was trying to submit VAT return by MTD HMRC, however there is a message "the authority granted has expired. please click on the Grant authority button." So I logged in HMRC gate way following instruction, I couldn't find any of information/ instruction/ any button of - Get authority again, Or ex...

Leger · Leger

Just taken on a new client and a relative has submitted previous return, although the summary is laid out very neatly and properly. I've been asked to submit 19-20 return and notice that previously £200 a month has been claimed for the vehicle. I asked my client for the paperwork as I was considering l...

rafapak · rafapak

Hi guys I am interested in payroll system in UK . Can anybody recommend good udemy uk payroll course ? At the moment I am outside of uk therefore buying books, cd's and dvd's is not possible for me . I can buy only online courses. Also if you know any good channels on youtube with payroll courses please let m...

Leger · Leger

In case you weren't aware, when reporting the SEISS grants on the SA returns, use date received rather than accrual basis. There is some confusion out there as to whether 2/3rds of the fourth grant should be included on the 2020/21 tax returns but that won't be the case https://www.gov.uk/governme...

Topic		Started By	Replies	Views	Last Post
	Pub Z report (Preview) Hi I've just taken on a pub as a new client and they have given me daily Z reports. (I haven't done bookkeeping for a pub before). The reports give me a breakdown of Draft, Bottles, Spirits etc (and food) as gross sales. There is then a breakdown of cash and credit card takings which the report shows as n...	Hamilton61	2	1756	Mon Aug 23 16:07 2021 by HelenF02
	Flat rate VAT (Preview) Good afternoon. My question is how to account for the difference between the standard VAT rate and the amount which pay to HMRC using a 9% flat rate? I suppose I need to increase the taxable income with the difference. And for the expenses - can I enter the gross amount using No VAT? So, for example, if I ha...	Alex Davidov	9	2073	Fri Aug 20 14:08 2021 by Leger
	VAT recovery for FE Training Providers (Preview) Hello We are an Apprenticeship Training Provider which is 99% funded by the ESFA. We are being absolutely hammered by VAT that we cannot recover because the supplies to learners we are making (we arent charging them, we are just delivering our ESFA (Government) contract, are outside scope. I have to...	LouiseR	2	1724	Tue Aug 3 18:18 2021 by Taxagent
	Duty Deferment for import VAT on Sage vat Brexit sage import vat (Preview) Hi everyone, I'm hoping those with Sage knowledge can assist here. My client has imported some goods from Vietnam. She has signed up for a Duty Deferment Account with HMRC and we have the first statement. I can find only information on Sage that mentions Postponed VAT accounting so not sure I am lookin...	AMajor	0	2317	Sun Jul 25 17:12 2021 by AMajor
	Posting Business Mileage Claims for a VAT registered company (Preview) Help!! I've been looking at how business mileage claims have been posted for a VAT registered company, and came across some notes which suggested we should be calculating the "Approved Amount" claimable, and when posting separating out the VAT element of the expense. So posting 2 lines for each tra...	getting_it_right	2	1961	Wed Jul 7 14:11 2021 by getting_it_right
	Vat on grant (Preview) Hi I wondered if anyone could help. Ive just had the annual audit and they raised an issue as Id put vat on a customer invoice for a grant. our local council had said it should have VAT on. Apparently we was misinformed. is it not their responsibility to tell me correctly or was it my responsibility to che...	Queenie	10	1608	Tue Jul 6 11:07 2021 by Leger
	Re-registering for Vat (Preview) Hi EveryoneI de-registered a (troublesome) client for Vat at 31/3/20 as he stopped the catering part of his business and was only providing chef services. Due to Covid he had to go back to catering after 6 months and has only just told me when handing the records over. To be honest, I didn't expect to s...	Kinbuck	5	1869	Sat Jun 26 15:24 2021 by Leger
	Balance Sheet incorrect (Preview) Hi all New client has a Ltd Co ''owning' two properties which they have asked me to do the accounts for, they done last years accounts themselves and the properties have been included on the balance sheet but there were no profits on rental, on taking over the accounts and looking into this further it t...	Artois	7	2128	Thu Jun 24 16:58 2021 by BudgetB
	Do I need to amend tax return (Preview) Just doing a 20-21 tax return and realised I didn't depreciate a vehicle on the 19-20 return. Should I amend the tax return to match? Obviously there is no tax loss/gain in doing so. Secondly, is claiming capex if profit is below tax threshold voluntary for the same year. This year he's (just) over t...	Leger	2	1563	Thu Jun 24 09:59 2021 by Leger
	MTD ITSA announced for 2023-24 (Preview) It sort of half news as they were talking about this earlier this year. Taxpayers with a turnover in excess of 10K will have to use MTD software for that tax year and later. VAT registered businesses under the compulsory threshold will become compulsory in FY 2022 This is the relevant ministerial...	johnhemming	24	4339	Fri May 21 17:40 2021 by johnhemming
	Self Assessment (Preview) Hi all Please can you help!? I am just starting up as a bookkeeper and have been asked by a customer if I can do his self assessment. Do I need any qualifications to do this? I have AAT Level 2 currently. Thanks Clare	ClareAB	17	1510	Thu May 13 10:34 2021 by Sun
	VAT reverse charge on digital supplies from Dublin vat reverse charge brexit (Preview) Hi there, It's a long time since I posted on here so hoping you'll be able to help We are having a discussion regarding various invoices where digital services are supplied and would like to know about the vat treatment of them. These are for companies like Adobe, Apple, Microsoft, Dropbox where they a...	AMajor	1	2746	Thu May 13 10:32 2021 by Sun
	CIS/VAT Reverse Charge on materials (Preview) Hi all Apologies if this has been already posted (I did try searching, but didnt find anything), but I am wondering if the VAT reverse charge should be applied to invoices for materials only, raised by a CIS subcontractor? The VAT Reverse charge is applied to sales invoices where a subcontractor is b...	GillyP	4	3051	Wed May 12 11:34 2021 by BudgetB
	VAT rerutn submit from VT Software with MTD issue (Preview) Hi, I am using VT Software for VAT Return submission. I alrelady paid subscription for VT Software licence, now when i am going submit VAT Return, Its showing following message, VT MTD for Agents requires a subscription for VT Accounts. Free evalution period has expired. Do u want purchase a lice...	daxkandoi	1	1753	Sat May 8 22:10 2021 by Shamus
	Monthly VAT Returns and Due Date (Preview) I have been moved to the the Monthly VAT return filing by HMRC. So my last return was quarterly and finished end of April 21 and I've already submitted it. The due date is 7th of June, which is the 1 month and 7 days from the end of April. If I am due a return, will that not happen until the due date has passed or w...	elyphotographer78	1	1697	Fri May 7 17:36 2021 by BudgetB
	Amendment to VAT return after submission but BEFORE return due date (Preview) Hi all, new to this forum and great to see a thriving community. I have just submitted an MTD Vat return and realised that we have not included the usual management charge to our other company for an element of staff costs. To save time I'll clarify that we do have to charge VAT on this even though it is for...	BookDragon	2	1815	Thu May 6 09:49 2021 by BMM
	The authority granted has expired. MTD VAT return authority granted expired (Preview) Hi I was trying to submit VAT return by MTD HMRC, however there is a message "the authority granted has expired. please click on the Grant authority button." So I logged in HMRC gate way following instruction, I couldn't find any of information/ instruction/ any button of - Get authority again, Or ex...	eduacc	2	2216	Tue Apr 20 12:51 2021 by eduacc
	Vehicle Finance - not in clients name (Preview) Just taken on a new client and a relative has submitted previous return, although the summary is laid out very neatly and properly. I've been asked to submit 19-20 return and notice that previously £200 a month has been claimed for the vehicle. I asked my client for the paperwork as I was considering l...	Leger	2	1671	Wed Apr 14 19:27 2021 by Leger
	UK payroll system-courses on Udemy (Preview) Hi guys I am interested in payroll system in UK . Can anybody recommend good udemy uk payroll course ? At the moment I am outside of uk therefore buying books, cd's and dvd's is not possible for me . I can buy only online courses. Also if you know any good channels on youtube with payroll courses please let m...	rafapak	5	2158	Mon Apr 12 15:02 2021 by Shamus
	Reporting SEISS grants on self assessments (Preview) In case you weren't aware, when reporting the SEISS grants on the SA returns, use date received rather than accrual basis. There is some confusion out there as to whether 2/3rds of the fourth grant should be included on the 2020/21 tax returns but that won't be the case https://www.gov.uk/governme...	Leger	11	2732	Sun Apr 11 18:28 2021 by Roadrunner
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