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

blueeyes · blueeyes

Hi, I have a sole trader with a loss of £12k. Business was set up in 2005 however over recent years the business has declined. What is the best way to use the loss as the sole trader doesn't think there will be much of a profit next year so I'm thinking that carrying it forward is a waste. I have checked their t...

Leger · Leger

Just been on to HMRC (1) to request a change to a clients tax code, which had been split between two employers, one of which he no longer works for. The lady advised that the new tax code would be 1060AL, with the A standing for accumulated. Not come across that one before, and gov.uk doesn't list it. Any...

Jay · Jay

Good afternoon. Please accept my apologies for the posting which is little more than a moan. I have had 7 clients telephone this morning all complaining that HMRC have sent them a Notice to file a 2014/2015 tax return, when I had advised them I had already filed it. Of course if you look at the Notice itse...

Georgie · Georgie

Hi , A client completed a P50 and submitted it along with his P45 to HMRC to claim back the tax paid in the year. He started up a company as a sole director and now has to complete (or I do) a self assessment. My question is: How do I complete the SA Employment part if I don't know what he earned in the tax year? Ge...

blueeyes · blueeyes

Hi, I have a haulage company with no fuel receipts however all fuel is purchased via card and therefore shows on the bank statements. I notice on a few of the receipts (that he does have) there are other purchases such as snacks so when I have gone through the statements with him I have asked what he is clai...

Lyndsey · Lyndsey

Hi I just want to make sure that my understanding is still correct, as HMRC website is not clear on this subject. My client can claim around £2500 AIA and about £300 WDA, however, the taxable profit is only £10,800. Am I correct in thinking that you can defer claiming the AIA and put the £2500 into the po...

blueeyes · blueeyes

Hi, I have a client who states his (self employed sole trader) work colleague's accountant has claimed expenses for his wife to be his secretary. Is this allowed? Thanks in advance

Eilef · Eilef

Ok so i need to do a Partnership Self Assessment, i have spent hours trying to get hold of HMRC to get a form. Whilst on hold i heard that most forms are available online and i found form SA104S and a help sheet. Is this the form i need to complete for a partnership SA, and do i need to submit one or one for each p...

Leger · Leger

Client with one employee under LEL has taken on another, over LEL. I've registered them for PAYE but what to do with previous pay for the existing employee, when entering on Moneysoft. Im tempted to just put the individual amounts in from April but I'm worried that this will create a penalty situatio...

Pink Panther · Pink Panther

I have a UK based client who is on frs vat. He is a language interpreter. He invoices in Euros to the above countries. His client are based in the above countries not uk. Does he need to account for turnover from the invoices and pay percentage of frs vat to hmrc. Does he have to charge them vat at all? Thank y...

Blonde Accountant · Blonde Accountant

Hello, I am trying to prepare some p11d's. I have never done these before. My client has paid for 3 months worth of gym memberships for some employees. I though that NIC's had to be paid on this, but I am filling out the form online and whichever box I fill out, it says that no NIC's are due. Does anybody kno...

sage123 · sage123

Dear All We are a Vat registered take away business. 7 years back director had sold a car to the business for £5k and we didnt claim vat on it. Right now, the car is going to be sold to an individual for £1.5k which is a loss. Am i correct in assuming, we don't have to charge vat on sale as its under Vat Margin Sc...

tuk · tuk

Hi all, I need help. I sent it to refund tax, but then I realised I made a mistake filling it. I am trying to call HMRC, but it is always busy. And now I don´t know what to do. Thanks

simba-ali · simba-ali

Hello, I have noticed you can use a address form to change your address on the hmrc website, I don't need to change my address only check they have the right one. Is there a direct number I can call? Also do they update your address from your p60? Regards Simba-ali

Meadowlands · Meadowlands

I have a client who pays himself around the 11th of each month, I have just been doing his bank rec and see he has paid himself again on 1st June. I have already filed the May payroll. As Payroll includes up to 5th of the month which month should this 2nd payment fall in. Thanks

Sammy76 · Sammy76

I am writing off three supplier accounts. These are never going to be paid for various reasons and the suppliers are not expecting payment. On sage when I do the Write off, it automatically posts to Tax Code T9. One account (two years old) was zero-rated anyway so no VAT was ever claimed. But on the othe...

Silly Digits · Silly Digits

after a bit of advise. I have a payroll client who pays monthly. I usually charge a monthly amount of £20.00. But the client cant always pay a family member on the usual date due to cash flow. As I dont know when the family member will be paid I leave it and do a second payroll separately. Would you charg...

Georgie · Georgie

Hi, I have just read this and wondered if anyone was aware of it, and does it include payroll bureaus and MIP's who process payroll for their clients?? " Following a recent court case involving Google inc. v Vidal-Hall, the Court of Appeal have clarified the rules under the Data Protection Act 1...

DeeDee1979 · DeeDee1979

Hi, As you can probably tell by my subject title I'm VERY new to Sage and am totally unqualified. I'm just helping out with the family business by doing the books so please be gentle with me. I've just completed our most recent VAT return and it said there were 9 unreconciled transactions (had some late i...

Peasie · Peasie

I'm beginning to have doubts on whether I have calculated the holiday pay correctly for an employee of a client. Their basic week would be 37½ hours. Occasionally they work 35 hours and more often they will work more than the 37½ hours. I have been taking the average of the last 12 weeks and working out th...

Topic		Started By	Replies	Views	Last Post
	Best way to deal with a loss. (Preview) Hi, I have a sole trader with a loss of £12k. Business was set up in 2005 however over recent years the business has declined. What is the best way to use the loss as the sole trader doesn't think there will be much of a profit next year so I'm thinking that carrying it forward is a waste. I have checked their t...	blueeyes	3	933	Wed Jun 17 22:58 2015 by MarkS
	AL Tax Code? (Preview) Just been on to HMRC (1) to request a change to a clients tax code, which had been split between two employers, one of which he no longer works for. The lady advised that the new tax code would be 1060AL, with the A standing for accumulated. Not come across that one before, and gov.uk doesn't list it. Any...	Leger	6	1754	Wed Jun 17 19:39 2015 by Stardoe
	Notice to Complete a Tax Return. (Preview) Good afternoon. Please accept my apologies for the posting which is little more than a moan. I have had 7 clients telephone this morning all complaining that HMRC have sent them a Notice to file a 2014/2015 tax return, when I had advised them I had already filed it. Of course if you look at the Notice itse...	Jay	3	957	Wed Jun 17 15:26 2015 by Eilef
	P50 (Preview) Hi , A client completed a P50 and submitted it along with his P45 to HMRC to claim back the tax paid in the year. He started up a company as a sole director and now has to complete (or I do) a self assessment. My question is: How do I complete the SA Employment part if I don't know what he earned in the tax year? Ge...	Georgie	5	1512	Fri Jun 12 09:22 2015 by Helz
	Haulage company with no fuel receipts, Tax return question! (Preview) Hi, I have a haulage company with no fuel receipts however all fuel is purchased via card and therefore shows on the bank statements. I notice on a few of the receipts (that he does have) there are other purchases such as snacks so when I have gone through the statements with him I have asked what he is clai...	blueeyes	2	1136	Thu Jun 11 08:01 2015 by blueeyes
	Deferring Capital Allowance Claims (Preview) Hi I just want to make sure that my understanding is still correct, as HMRC website is not clear on this subject. My client can claim around £2500 AIA and about £300 WDA, however, the taxable profit is only £10,800. Am I correct in thinking that you can defer claiming the AIA and put the £2500 into the po...	Lyndsey	3	2112	Tue Jun 9 16:34 2015 by Cheshire
	Claiming for wife as secretary (Preview) Hi, I have a client who states his (self employed sole trader) work colleague's accountant has claimed expenses for his wife to be his secretary. Is this allowed? Thanks in advance	blueeyes	7	1401	Tue Jun 9 16:24 2015 by Cheshire
	Partnership Self Assesment (Preview) Ok so i need to do a Partnership Self Assessment, i have spent hours trying to get hold of HMRC to get a form. Whilst on hold i heard that most forms are available online and i found form SA104S and a help sheet. Is this the form i need to complete for a partnership SA, and do i need to submit one or one for each p...	Eilef	13	1190	Mon Jun 8 17:38 2015 by Eilef
	Registered with PAYE but with existing employee under the threshold (Preview) Client with one employee under LEL has taken on another, over LEL. I've registered them for PAYE but what to do with previous pay for the existing employee, when entering on Moneysoft. Im tempted to just put the individual amounts in from April but I'm worried that this will create a penalty situatio...	Leger	8	954	Sat Jun 6 11:21 2015 by Leger
	Invoice in euros to Austria Germany USA spain (Preview) I have a UK based client who is on frs vat. He is a language interpreter. He invoices in Euros to the above countries. His client are based in the above countries not uk. Does he need to account for turnover from the invoices and pay percentage of frs vat to hmrc. Does he have to charge them vat at all? Thank y...	Pink Panther	2	726	Sat Jun 6 09:42 2015 by Cheshire
	P11d help please (Preview) Hello, I am trying to prepare some p11d's. I have never done these before. My client has paid for 3 months worth of gym memberships for some employees. I though that NIC's had to be paid on this, but I am filling out the form online and whichever box I fill out, it says that no NIC's are due. Does anybody kno...	Blonde Accountant	1	981	Fri Jun 5 13:43 2015 by Shamus
	Vat on Car sale (Preview) Dear All We are a Vat registered take away business. 7 years back director had sold a car to the business for £5k and we didnt claim vat on it. Right now, the car is going to be sold to an individual for £1.5k which is a loss. Am i correct in assuming, we don't have to charge vat on sale as its under Vat Margin Sc...	sage123	3	3388	Thu Jun 4 16:23 2015 by sage123
	R38 (Preview) Hi all, I need help. I sent it to refund tax, but then I realised I made a mistake filling it. I am trying to call HMRC, but it is always busy. And now I don´t know what to do. Thanks	tuk	1	808	Wed Jun 3 19:54 2015 by Cheshire
	Paye address (Preview) Hello, I have noticed you can use a address form to change your address on the hmrc website, I don't need to change my address only check they have the right one. Is there a direct number I can call? Also do they update your address from your p60? Regards Simba-ali	simba-ali	4	1265	Wed Jun 3 17:42 2015 by Leger
	which month does this fall into? (Preview) I have a client who pays himself around the 11th of each month, I have just been doing his bank rec and see he has paid himself again on 1st June. I have already filed the May payroll. As Payroll includes up to 5th of the month which month should this 2nd payment fall in. Thanks	Meadowlands	2	804	Wed Jun 3 07:23 2015 by Meadowlands
	Supplier Write off (Preview) I am writing off three supplier accounts. These are never going to be paid for various reasons and the suppliers are not expecting payment. On sage when I do the Write off, it automatically posts to Tax Code T9. One account (two years old) was zero-rated anyway so no VAT was ever claimed. But on the othe...	Sammy76	5	821	Tue Jun 2 13:56 2015 by Digimojo
	Different pay dates (Preview) after a bit of advise. I have a payroll client who pays monthly. I usually charge a monthly amount of £20.00. But the client cant always pay a family member on the usual date due to cash flow. As I dont know when the family member will be paid I leave it and do a second payroll separately. Would you charg...	Silly Digits	2	971	Mon Jun 1 17:40 2015 by Cheshire
	Emailing payslips (Preview) Hi, I have just read this and wondered if anyone was aware of it, and does it include payroll bureaus and MIP's who process payroll for their clients?? " Following a recent court case involving Google inc. v Vidal-Hall, the Court of Appeal have clarified the rules under the Data Protection Act 1...	Georgie	1	937	Fri May 29 16:48 2015 by Meadowlands
	Adding two VAT returns together? (Preview) Hi, As you can probably tell by my subject title I'm VERY new to Sage and am totally unqualified. I'm just helping out with the family business by doing the books so please be gentle with me. I've just completed our most recent VAT return and it said there were 9 unreconciled transactions (had some late i...	DeeDee1979	3	814	Tue May 26 20:47 2015 by Cheshire
	Holiday Pay - average of last 12 weeks (Preview) I'm beginning to have doubts on whether I have calculated the holiday pay correctly for an employee of a client. Their basic week would be 37½ hours. Occasionally they work 35 hours and more often they will work more than the 37½ hours. I have been taking the average of the last 12 weeks and working out th...	Peasie	5	3498	Mon May 25 11:55 2015 by HellsBells
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