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

NME504 · NME504

i have been doing payroll services for a client for a couple of years but during April he decided to immediately cease trading one of his companies and switch his employees to his other company, except this wasn't registered for paYe. We now have these details but should I run Aprils payroll now (as the...

Vicki Newman · Vicki Newman

Hello, I have a client who is going through legal proceedings, If she is successful she will be due a large payout. She has paid out a huge amount of money in solicitor bills which she would like to deduct as an allowable expense, is this OK to do? Also, when she does receive a payout how will I account for t...

Georgie · Georgie

Hi, I've had a student loan notice for a sole director of a limited company. As he isn't going to earn above the threshold as he is drawing a salary of £671.66 (plus dividends) would I still add the attachment in Moneysoft ? Georgie

pictures · pictures

We have received one of the above for an employee for overpayment of benefit/crisis loan. The amount to be deducted is a percentage depending on his earnings. Are we allowed (at the employees request) to deduct the whole amount of the order and pay it off in one go rather than weekly at the set rate? The...

Meadowlands · Meadowlands

I have a client that uses retention on jobs they do. So they hold back 3% for a year from sub contractors and their clients hold 3% for a year but invoices are raised now with a due date of 365 days. They don't want me to post the invoices until they are due but I think they should be posted when they are raise...

AMajor · AMajor

Hi, A client has bought two computer items and has received cash back, both from different suppliers. Should the cash be logged as received with vat applied? They are a vat registered business. Any advice would be appreciated Thanks Angie

Cheshire · Cheshire

Hi I want to check my thoughts on this - I have a client (ex footballer) who made an appearance for free, but on the basis that the company he did the appearance for covered the cost of his travel. All the fooballers business is run through his own limited company which is VAT registered. So I now need to p...

Milleo · Milleo

Hi could anyone guide me please on how to do the vat return for purchases I make from France. I periodically go to cash and carry's in Calais. The invoices I receive are in Euro's with some items having tax. I have currently just been absorbing the VAT and showing the sterling figure through the accounts...

Alys · Alys

Hi, I have a new client and need to file payroll for April (already late!) but can't get my software to talk to HMRC or access the online system either. This is the first one I have done so I just want to check whether anyone else has noticed any issues with HMRC? Thanks Alys

Meadowlands · Meadowlands

My brain hurts or maybe its waterlogged with all this rain! A client has paid a sub contractor without a deduction - even thought I wrote the correct amount to pay in big numbers on the invoice! Figures are: Materials £130 Labour £520 VAT £130 TOTAL £780 CIS on labour @20% -£104 So should have paid £676...

matt123 · matt123

I'm doing the accounts for a client who travels quite a bit around Europe and one stay (So far) in America. They are VAT registered. As I understand, I have to make a claim to each tax authority to reclaim any VAT? How would I record the invoice in the accounts? Would I use the gross amount and not record UK...

Pulse72 · Pulse72

Hi, I appologise if this is a naive question. Just to give some background I run a part-time business as a sole traderI am VAT registeredI fill in a self-assessment to declare what I make through self-employed activitiesMy question is this: When I enter values for income and expenditure on the self em...

michaelryan7799 · michaelryan7799

An unsual one I work for a company that runs giftcard programs for UK and EU Shopping Centres When Shopping Centre gift cards expire after 12 months, we transfer the remaining gift card funds from gift card bank account to operating bank account i.e. 100000 We would then pay 50% of these expired...

Payrolling a family member · Georgie

Hi If you employ a son/daughter to do a bit of admin work for your one man limited company are there any upper limits as to what they can be paid? Georgie

Eilef · Eilef

if your financial year ends March 31st and you do the year end accounts do you have to do it all again on 5th April for the tax returns or can you just use the year end figures as long as you are consinstant?

SallyG · SallyG

Hi, We have just started offering a cycle scheme and one of our employees has got a bike. I use the HMRC's basic PAYE tools, how do I enter the details correctly to ensure he gets the PAYE/NI savings? Is it a case of just taking the agreed amount off his normal salary before I enter it on the system, or do I ha...

akd1961 · akd1961

Hi Excuse my ignorance new to all this. My boss (a director of the business) has purchased a season ticket costing £2193, he takes prospective clients, suppliers and customers to the games. Can this be justified as entertainment, and I know I cannot claim the VAT so is it classed as outside the scop...

Stardoe · Stardoe

Hi All, hope everyone is well and business is booming! I have a question regarding VAT registration. One of my clients de-registered for VAT last year (date of de-registration was 1 August, last VAT return was to 31 July 2014) All VAT up until the date of de-registration has been accounted for. She...

Leger · Leger

My son has been running a micro micro business which hasn't make a profit and between us we have decided it would be better for him to help me run the internet side of things that I am in the process of developing further. As such he is ceasing as a sole trader and we arranged for him to close his business acc...

Nikola · Nikola

I have an employee who works term time only so pro rate. From start date to holiday end date, there are 20 weeks. What is the best method to calculate holiday entitlement.

Topic		Started By	Replies	Views	Last Post
	A little bit advice please (Preview) i have been doing payroll services for a client for a couple of years but during April he decided to immediately cease trading one of his companies and switch his employees to his other company, except this wasn't registered for paYe. We now have these details but should I run Aprils payroll now (as the...	NME504	2	1117	Sat May 23 17:58 2015 by NME504
	Compensation from a court case and the expenses that are incurred for solicitors cost. (Preview) Hello, I have a client who is going through legal proceedings, If she is successful she will be due a large payout. She has paid out a huge amount of money in solicitor bills which she would like to deduct as an allowable expense, is this OK to do? Also, when she does receive a payout how will I account for t...	Vicki Newman	4	945	Fri May 22 11:47 2015 by Vicki Newman
	Student Loan (Preview) Hi, I've had a student loan notice for a sole director of a limited company. As he isn't going to earn above the threshold as he is drawing a salary of £671.66 (plus dividends) would I still add the attachment in Moneysoft ? Georgie	Georgie	3	900	Thu May 21 14:16 2015 by Georgie
	Deduction of Earnings Order (Preview) We have received one of the above for an employee for overpayment of benefit/crisis loan. The amount to be deducted is a percentage depending on his earnings. Are we allowed (at the employees request) to deduct the whole amount of the order and pay it off in one go rather than weekly at the set rate? The...	pictures	1	1049	Thu May 21 10:03 2015 by Cheshire
	when to post retention invoices (Preview) I have a client that uses retention on jobs they do. So they hold back 3% for a year from sub contractors and their clients hold 3% for a year but invoices are raised now with a due date of 365 days. They don't want me to post the invoices until they are due but I think they should be posted when they are raise...	Meadowlands	2	1356	Thu May 21 09:51 2015 by pictures
	VAT on cash back received (Preview) Hi, A client has bought two computer items and has received cash back, both from different suppliers. Should the cash be logged as received with vat applied? They are a vat registered business. Any advice would be appreciated Thanks Angie	AMajor	2	1171	Wed May 20 14:23 2015 by AMajor
	Recharge rather than a disbursement (Preview) Hi I want to check my thoughts on this - I have a client (ex footballer) who made an appearance for free, but on the basis that the company he did the appearance for covered the cost of his travel. All the fooballers business is run through his own limited company which is VAT registered. So I now need to p...	Cheshire	2	965	Tue May 19 21:25 2015 by Cheshire
	Purchases from France (Preview) Hi could anyone guide me please on how to do the vat return for purchases I make from France. I periodically go to cash and carry's in Calais. The invoices I receive are in Euro's with some items having tax. I have currently just been absorbing the VAT and showing the sterling figure through the accounts...	Milleo	7	755	Mon May 18 15:50 2015 by Milleo
	HMRC RTI (Preview) Hi, I have a new client and need to file payroll for April (already late!) but can't get my software to talk to HMRC or access the online system either. This is the first one I have done so I just want to check whether anyone else has noticed any issues with HMRC? Thanks Alys	Alys	4	1636	Sun May 17 09:26 2015 by Cheshire
	correct figures to put on CIS return (Preview) My brain hurts or maybe its waterlogged with all this rain! A client has paid a sub contractor without a deduction - even thought I wrote the correct amount to pay in big numbers on the invoice! Figures are: Materials £130 Labour £520 VAT £130 TOTAL £780 CIS on labour @20% -£104 So should have paid £676...	Meadowlands	5	6231	Sat May 16 17:27 2015 by Cheshire
	VAT on EU Hotels (Preview) I'm doing the accounts for a client who travels quite a bit around Europe and one stay (So far) in America. They are VAT registered. As I understand, I have to make a claim to each tax authority to reclaim any VAT? How would I record the invoice in the accounts? Would I use the gross amount and not record UK...	matt123	6	2125	Thu May 14 14:03 2015 by Cheshire
	Self Assessment Declared Values - With or without VAT (Preview) Hi, I appologise if this is a naive question. Just to give some background I run a part-time business as a sole traderI am VAT registeredI fill in a self-assessment to declare what I make through self-employed activitiesMy question is this: When I enter values for income and expenditure on the self em...	Pulse72	1	951	Tue May 12 16:52 2015 by kjmcculloch83
	VAT for Gift cards Expired funds (Preview) An unsual one I work for a company that runs giftcard programs for UK and EU Shopping Centres When Shopping Centre gift cards expire after 12 months, we transfer the remaining gift card funds from gift card bank account to operating bank account i.e. 100000 We would then pay 50% of these expired...	michaelryan7799	0	772	Tue May 12 10:05 2015 by michaelryan7799
	Payrolling a family member (Preview) Hi If you employ a son/daughter to do a bit of admin work for your one man limited company are there any upper limits as to what they can be paid? Georgie	Georgie	2	1054	Mon May 11 19:27 2015 by Georgie
	SA tax return (Preview) if your financial year ends March 31st and you do the year end accounts do you have to do it all again on 5th April for the tax returns or can you just use the year end figures as long as you are consinstant?	Eilef	2	1089	Sat May 9 15:47 2015 by Eilef
	Employee cycle scheme - how to enter when doing payroll? (Preview) Hi, We have just started offering a cycle scheme and one of our employees has got a bike. I use the HMRC's basic PAYE tools, how do I enter the details correctly to ensure he gets the PAYE/NI savings? Is it a case of just taking the agreed amount off his normal salary before I enter it on the system, or do I ha...	SallyG	0	6101	Fri May 8 09:33 2015 by SallyG
	Season Tickets as and expense (Preview) Hi Excuse my ignorance new to all this. My boss (a director of the business) has purchased a season ticket costing £2193, he takes prospective clients, suppliers and customers to the games. Can this be justified as entertainment, and I know I cannot claim the VAT so is it classed as outside the scop...	akd1961	18	7016	Thu May 7 20:33 2015 by VinceH
	VAT deregistration & registration in 12 month period (Preview) Hi All, hope everyone is well and business is booming! I have a question regarding VAT registration. One of my clients de-registered for VAT last year (date of de-registration was 1 August, last VAT return was to 31 July 2014) All VAT up until the date of de-registration has been accounted for. She...	Stardoe	4	5408	Thu May 7 20:08 2015 by Stardoe
	Still need to be registered as a sole trader? (Preview) My son has been running a micro micro business which hasn't make a profit and between us we have decided it would be better for him to help me run the internet side of things that I am in the process of developing further. As such he is ceasing as a sole trader and we arranged for him to close his business acc...	Leger	9	4702	Thu May 7 15:22 2015 by Cheshire
	Holiday Entitlement (Preview) I have an employee who works term time only so pro rate. From start date to holiday end date, there are 20 weeks. What is the best method to calculate holiday entitlement.	Nikola	4	6049	Wed May 6 16:29 2015 by Leger
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