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

Sammy76 · Sammy76

My client had his son help him out on a job. He obviously wants to pay him a one-off payment for this job. Does this need to go through payroll? If so how do I process it? Also if it doesn't need to go through payroll, how do I process it on Sage?

Digdogs · Digdogs

I am trying to improve my knowledge of how to treat Furnished Holiday Lettings for tax and I would like to check that my understanding is correct on the following: Maintenance - If it's a repair or replacement, it is revenue expenditure and therefore allowable. If its an upgrade, it is capital expen...

Woo · Woo

Hi there, I have a UK based VAT registered client. He doesn't make sales anywhere else other than the UK. He does however purchase food goods from the Netherlands. The invoices I have to hand have a VAT charge of 6% included. I have trawled the internet and spoken to HMRC, with regards to claiming back th...

Aleksandra83 · Aleksandra83

Hello everyone, I seem to be finding a lot of information on the subject which is very confusing. I need to file Self Assessment for my husband shortly and I am struggling with recording the purchase of his van which is used solely for business. He bought it second hand and paid for it straight away. I sho...

Georgie · Georgie

Hi, Well I've done something rather stupid. I didn't save the last vat return in VT and of course when I run it for the same period now I have different figures as I have since posted additional expenses to that period. I saved it to a folder and sent my client a copy but not the actual Vat Return in VT. The o...

Sammy76 · Sammy76

Hi, I have started working for a contractor. One of the 'subcontractors' gave us his UTR details but I was unable to verify on the website. I called the helpline who told me he was unregistered so we deducted 30% off the labour. However, as I couldn't verify him, how do I post the details of the deduct...

Georgie · Georgie

Hi, Can someone clarify this for me please: Limited company sole director can claim £55 a week in childcare costs - through his company assuming its an approved childcare nursery. Can his wife also claim an additional £55 through his company even though she is not a director? (Sounds even dafter n...

Jenniejo · Jenniejo

I have been using the RTI software provided by HMRC and obviously downloaded the new tax year software back in April... Unfortunately, this seems to have totally overwritten the 2014/15 information and so I have been unable to go back to print off P60's or check on any information therein... Anyon...

Alys · Alys

Hi, I have noticed in Moneysoft that the Student Loan repayment limit is set at £17,335, which is the plan 1 limit, how do I deal with a plan 2 loan, which doesn't start until someone earns over £21,000 per year? Is my only option to create a User Defined deduction? Thank you Alys

Digdogs · Digdogs

Hi, This is my first post. I'd really appreciate getting some feedback from other bookkeepers re what they charge clients for completing their tax returns. I am a recently qualified bookkeeper. Do you charge by the hour, do piece work, or get a gut feeling for each one? Thanking you hopefully Digd...

Eilef · Eilef

hi, Just a quick bit of advice.... Just filled in my self Assesment with details of my employment and tax paid, plus my partnership losses and it says I owe £1 in Tax. i wasn't expecting anything back from them but I'm not sure if I have filled it in right now as when

simba-ali · simba-ali

dear forum I worked for a small building firm for 6 months last year, I left due to a disagreement with one of the managers, I have noticed on inspection that each of my wage slips apart from one for each of those months shows a higher net earnings than I actually received. I checked all the figures and the...

Georgie · Georgie

Hi, Is anybody else having trouble submitted RTI? I keep getting a message in Moneysoft saying HMRC are having technical issues and RTI data is not being accepted or not being responded to. Georgie

Alia · Alia

Hello, I need advice. I have client who pays his subcontractors CIS. He had once two subcontractors with nearly the same names, only one letter. Previous bookkeeper submitted payment to the wrong person at the beginning last financial year. Any advice what to do with it? Thank you, Alia -- Edited...

Meadowlands · Meadowlands

A new ltd company client is paying for his mobile from the ltd company account. It is mainly used for work but being a new company couldn't get the cobtarct in the businesses name. Having done some reasearch I am a bit confused how to treat it. Do I need to put it through with payroll? Or does it just need to b...

Kitty37 · Kitty37

Hi I have just taken on a new client and I've noticed that the employees are paid 55p a mile which is obviously 10p more than the approved mileage allowance. The payment goes through the payroll - split between 45p not taxable and 10p taxable. So far so good....however, when I asked the previous bookkee...

Elaine Rae · Elaine Rae

I have a client who has asked me to reclaim VAT on the fuel receipts for his vehicle. I believe his vehicle is classed as a van for tax purposes, he bought this vehicle as he believed that because it is classed as a commercial he could reclaim VAT on all the fuel, however I do believe that there is an alime...

Beackyb · Beackyb

I hope I am posting this in the correct place. can anyone recommend a good course to teach payroll and CIS? I intend to use Moneysoft when I am up and running but can't find a course that teaches this software so am looking more for an overview of the process which i can then apply to this software if that mak...

Sammy76 · Sammy76

My new client is using Flat Rate Vat (as per my previous post) but he is also a subcontractor. I'm basically preparing a years worth of accounts for his accountant so trying to reconcile what the VAT should be to what he has actually paid, after calculating it himself. I just want to make sure I'm doi...

NA_AA · NA_AA

Hi There is an unassigned vat item in qb which has been bought forward from prior year - how can this be rectified? Please help

Topic		Started By	Replies	Views	Last Post
	One off payment to casual worker (Preview) My client had his son help him out on a job. He obviously wants to pay him a one-off payment for this job. Does this need to go through payroll? If so how do I process it? Also if it doesn't need to go through payroll, how do I process it on Sage?	Sammy76	2	1460	Fri Jul 10 08:03 2015 by Cheshire
	Furnished Holiday Lettings - Tax Handling (Preview) I am trying to improve my knowledge of how to treat Furnished Holiday Lettings for tax and I would like to check that my understanding is correct on the following: Maintenance - If it's a repair or replacement, it is revenue expenditure and therefore allowable. If its an upgrade, it is capital expen...	Digdogs	0	661	Tue Jul 7 13:31 2015 by Digdogs
	VAT on EU Acquisitions (Preview) Hi there, I have a UK based VAT registered client. He doesn't make sales anywhere else other than the UK. He does however purchase food goods from the Netherlands. The invoices I have to hand have a VAT charge of 6% included. I have trawled the internet and spoken to HMRC, with regards to claiming back th...	Woo	1	882	Fri Jul 3 16:27 2015 by leshoward
	How to record a second hand van purchase? (Preview) Hello everyone, I seem to be finding a lot of information on the subject which is very confusing. I need to file Self Assessment for my husband shortly and I am struggling with recording the purchase of his van which is used solely for business. He bought it second hand and paid for it straight away. I sho...	Aleksandra83	1	4939	Fri Jul 3 00:57 2015 by Shamus
	I forgot to save (Preview) Hi, Well I've done something rather stupid. I didn't save the last vat return in VT and of course when I run it for the same period now I have different figures as I have since posted additional expenses to that period. I saved it to a folder and sent my client a copy but not the actual Vat Return in VT. The o...	Georgie	5	1272	Thu Jul 2 12:53 2015 by VinceH
	CIS - unregistered (Preview) Hi, I have started working for a contractor. One of the 'subcontractors' gave us his UTR details but I was unable to verify on the website. I called the helpline who told me he was unregistered so we deducted 30% off the labour. However, as I couldn't verify him, how do I post the details of the deduct...	Sammy76	5	1767	Wed Jul 1 10:36 2015 by Sammy76
	Childcare & Limited Company (Preview) Hi, Can someone clarify this for me please: Limited company sole director can claim £55 a week in childcare costs - through his company assuming its an approved childcare nursery. Can his wife also claim an additional £55 through his company even though she is not a director? (Sounds even dafter n...	Georgie	21	1451	Sun Jun 28 21:14 2015 by Cheshire
	HMRC RTI software - P60 for 2014/15 tax year (Preview) I have been using the RTI software provided by HMRC and obviously downloaded the new tax year software back in April... Unfortunately, this seems to have totally overwritten the 2014/15 information and so I have been unable to go back to print off P60's or check on any information therein... Anyon...	Jenniejo	4	2141	Sun Jun 28 11:36 2015 by Cheshire
	Student Loan Repayments on Plan B (£21k limit) (Preview) Hi, I have noticed in Moneysoft that the Student Loan repayment limit is set at £17,335, which is the plan 1 limit, how do I deal with a plan 2 loan, which doesn't start until someone earns over £21,000 per year? Is my only option to create a User Defined deduction? Thank you Alys	Alys	1	1284	Sat Jun 27 18:08 2015 by Cheshire
	What to charge for doing someone's Tax Return (Preview) Hi, This is my first post. I'd really appreciate getting some feedback from other bookkeepers re what they charge clients for completing their tax returns. I am a recently qualified bookkeeper. Do you charge by the hour, do piece work, or get a gut feeling for each one? Thanking you hopefully Digd...	Digdogs	5	1729	Sat Jun 27 17:06 2015 by Digdogs
	Self Assesment advice (Preview) hi, Just a quick bit of advice.... Just filled in my self Assesment with details of my employment and tax paid, plus my partnership losses and it says I owe £1 in Tax. i wasn't expecting anything back from them but I'm not sure if I have filled it in right now as when	Eilef	2	1015	Fri Jun 26 23:00 2015 by Eilef
	hopefully someone can help (Preview) dear forum I worked for a small building firm for 6 months last year, I left due to a disagreement with one of the managers, I have noticed on inspection that each of my wage slips apart from one for each of those months shows a higher net earnings than I actually received. I checked all the figures and the...	simba-ali	19	12016	Wed Jun 24 20:40 2015 by simba-ali
	HMRC Technical Issues (Preview) Hi, Is anybody else having trouble submitted RTI? I keep getting a message in Moneysoft saying HMRC are having technical issues and RTI data is not being accepted or not being responded to. Georgie	Georgie	8	5084	Wed Jun 24 16:31 2015 by Georgie
	CIS paid to the wrong Person (Preview) Hello, I need advice. I have client who pays his subcontractors CIS. He had once two subcontractors with nearly the same names, only one letter. Previous bookkeeper submitted payment to the wrong person at the beginning last financial year. Any advice what to do with it? Thank you, Alia -- Edited...	Alia	7	6003	Tue Jun 23 16:24 2015 by Cheshire
	Mobile phone in directors name - p11d or payroll (Preview) A new ltd company client is paying for his mobile from the ltd company account. It is mainly used for work but being a new company couldn't get the cobtarct in the businesses name. Having done some reasearch I am a bit confused how to treat it. Do I need to put it through with payroll? Or does it just need to b...	Meadowlands	2	2025	Tue Jun 23 09:15 2015 by Meadowlands
	Mileage Allowance Payments P11D/Company Credit Card (Preview) Hi I have just taken on a new client and I've noticed that the employees are paid 55p a mile which is obviously 10p more than the approved mileage allowance. The payment goes through the payroll - split between 45p not taxable and 10p taxable. So far so good....however, when I asked the previous bookkee...	Kitty37	2	963	Sun Jun 21 22:04 2015 by Kitty37
	VAT on fuel for van (Preview) I have a client who has asked me to reclaim VAT on the fuel receipts for his vehicle. I believe his vehicle is classed as a van for tax purposes, he bought this vehicle as he believed that because it is classed as a commercial he could reclaim VAT on all the fuel, however I do believe that there is an alime...	Elaine Rae	8	2173	Sun Jun 21 12:50 2015 by Cheshire
	Payroll/CIS Course (Preview) I hope I am posting this in the correct place. can anyone recommend a good course to teach payroll and CIS? I intend to use Moneysoft when I am up and running but can't find a course that teaches this software so am looking more for an overview of the process which i can then apply to this software if that mak...	Beackyb	5	1430	Sun Jun 21 11:43 2015 by Cheshire
	CIS and Flat Rate VAT (Preview) My new client is using Flat Rate Vat (as per my previous post) but he is also a subcontractor. I'm basically preparing a years worth of accounts for his accountant so trying to reconcile what the VAT should be to what he has actually paid, after calculating it himself. I just want to make sure I'm doi...	Sammy76	1	1207	Fri Jun 19 07:15 2015 by Sammy76
	Unassigned vat item (Preview) Hi There is an unassigned vat item in qb which has been bought forward from prior year - how can this be rectified? Please help	NA_AA	4	1363	Thu Jun 18 16:17 2015 by NA_AA
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