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

Arun · Arun

Just a couple of questions about VAT. Partnership (2 partners) registered for VAT. One of the partners decides he wants to offer other type of services (nothing to do with the main activity carried out in their partnership) Does he needs to inform HMRC of his additional business? and Does he need to re...

AndrewM · AndrewM

Good morning all. I have an employee who is having a baby in November 2015. She has informed the employer that she intends to work up to at least 4 weeks before the due date, but, she has no intention of coming back to work after the baby is born. Does the employer still have to abide by the usual maternity...

MX8000 · MX8000

Hi Can someone help I have just taken over the payroll at a company and there is someone who works free lance. He is in another country and would like to go on to payroll and be contracted. I have not dealt with anything like this before, so does anyone know how to go about this and how this will effect both th...

Ridesy · Ridesy

Hi, We took advantage of the Employment Allowance for NI part way through 2014-15 year and now have an overpayment balance at HMRC on our PAYE account of over £300. This came about as we are using the HMRC Basis PAYE tools and having ticked the employment allowance box part way through the tax year the so...

Meadowlands · Meadowlands

Hi all, I have a client who is a Director, he paid himself this month but without notifying me. I was in the process of taking over payroll so hadn't confirmed pay dates and amounts. He is one of those clients who needs lots of chasing etc. His payroll was being done by his accountant and as I have agent st...

Alys · Alys

Hi, Are there any circumstances where someone who is self employed would not have to file a tax return? I have been told that someone who has been trading for years but never makes a profit does not send in a tax return because he has never been asked for one even though HMRC know that he is self employed. Is...

Georgie · Georgie

Hi If a director withdrew £10,000 from his company in January 2015 would I declare this on his 14/15 tax return or wait until his companies year end which is October this year ( first year trading) and declare it next year on his 15/16 tax return? Georgie

Chris1974 · Chris1974

Hi I had a meeting with a potential new client who runs a clothing company. The meeting went well and by the end of it I was offered the role and start next week. So the business places orders in Nepal and the Far East to ship to the UK and then sell back to EU and non EU countries. No problem so far, where it get...

Eilef · Eilef

I work part time in a bingo hall paying tax and NI through PAYE. I am also registered Self employed as I run a ghost hunting business as an LLP, soon to be running my own bookkeeping business as well. however I recived in the post today a bill from HMRC for class 2 NI, I haven't filled in a tax return yet as onl...

keano43 · keano43

Hi Save me wasting a whole day on the phone to HMRC if an employee had a tax code of 0T M1 at April 5th, do I just give him the generic code of 1060L this year. The website is very confusing as I know I take them off of M1, but it states to bring the their code through to this year. Stupid question I know but I though...

Samilou67 · Samilou67

Hi has anyone tried to submit wages for the new tax year yet using HMRC basic tools? It isn't showing the new tax year and won't let me use a date past 5th April!! Any ideas? Thanks Sam

SBROWN1964 · SBROWN1964

Just a quick question, I think I am having a senior moment! We have a new employee who started at the beginning of the month, who has supplied his previous p45. As the payroll I do tomorrow will be month 1 of a new tax period, I do not need to enter previous figures into his records? I hope that makes sense!

Jon12345 · Jon12345

I changed accounting packages on 30/11/14, from Quickbooks to Xero. For my VAT period ending 30/11/14, I got a VAT refund of £289 in 13/1/15 that went into my HSBC bank account. Couple of questions please! 1. Does that mean my opening balance on my VAT nominal ledger should be -£289? 2. What nominal cod...

Meadowlands · Meadowlands

Morning, I have a client with a dispensation (ltd co) but like many new companies she couldn't get the phone contract in the company's name so had to take it out herself and she reimburses herself from the company. As she has a dispensation does it need to go on a P11D or is covered in the P11D? Have read...

Lisa · Lisa

My client has just started working in the construction industry so invoices are being paid less 20% under the CIS Scheme. The company is limited but not yet VAT registered. How do I account for the deduction and how is it treated with the Inland Revenue? When they become VAT registered I am assuming the...

Juliana_I · Juliana_I

Hi everyone! I am hoping someone could give me some help or advice. I am doing the VAT return 03-15 and on checking my figures there difference between my sales from my VAT return and sales from the P & L. Could this be because of the unreconciled transactions which might be included in the VAT Return...

KMBbooks · KMBbooks

Hi, I'm looking for some guidance on how to treat UK VAT to a client based in Guersey please. They will be taking a telephone answering service where they forward their phone number to one given by a client who will then answer the phone and book appointments into their diary. They've said they're exem...

tonys · tonys

Hi I received this from a potential client: Ive just been told by my current Tax people (who are adamant that I cannot pay myself (or anyone else) anything at all if it doesnt go through RTI PAYE) but from what Ive read on line I can still pay myself up to £5824 (£112 p/w) without any need to use the RTI PAYE....

jdp80 · jdp80

Halfway through the (company) year the business hit the VAT rate. A reclaim was made for prior years' purchases and repaid by HMRC. The company mainly exports, so a reclaim is usually due. In the first repayment we were repaid: 1) reclaim items for the first VAT period (say, May-Jul) - these were poste...

Leger · Leger

I haven't done any of these since 2008 and this year I get two! First one is straightforward but second one is a lorry driver employed through their own Ltd Co, a new client I have recently taken on. As far as I can ascertain mileage allowance, overnight subsidence, overnight incidentals and daily mea...

Topic		Started By	Replies	Views	Last Post
	VAT Question (Preview) Just a couple of questions about VAT. Partnership (2 partners) registered for VAT. One of the partners decides he wants to offer other type of services (nothing to do with the main activity carried out in their partnership) Does he needs to inform HMRC of his additional business? and Does he need to re...	Arun	2	792	Tue Apr 21 12:20 2015 by Arun
	Maternity Leave/Pay (Preview) Good morning all. I have an employee who is having a baby in November 2015. She has informed the employer that she intends to work up to at least 4 weeks before the due date, but, she has no intention of coming back to work after the baby is born. Does the employer still have to abide by the usual maternity...	AndrewM	3	866	Tue Apr 21 10:50 2015 by AndrewM
	Employing someone who live overseas (Preview) Hi Can someone help I have just taken over the payroll at a company and there is someone who works free lance. He is in another country and would like to go on to payroll and be contracted. I have not dealt with anything like this before, so does anyone know how to go about this and how this will effect both th...	MX8000	1	847	Mon Apr 20 21:40 2015 by Shamus
	Overpayment PAYE/NI - how to show in accounts and recover? (Preview) Hi, We took advantage of the Employment Allowance for NI part way through 2014-15 year and now have an overpayment balance at HMRC on our PAYE account of over £300. This came about as we are using the HMRC Basis PAYE tools and having ticked the employment allowance box part way through the tax year the so...	Ridesy	0	984	Mon Apr 20 11:48 2015 by Ridesy
	Director has paid himself but not told me to file RTI (Preview) Hi all, I have a client who is a Director, he paid himself this month but without notifying me. I was in the process of taking over payroll so hadn't confirmed pay dates and amounts. He is one of those clients who needs lots of chasing etc. His payroll was being done by his accountant and as I have agent st...	Meadowlands	5	929	Mon Apr 20 08:05 2015 by Cheshire
	Self employed, making a loss, no tax return? (Preview) Hi, Are there any circumstances where someone who is self employed would not have to file a tax return? I have been told that someone who has been trading for years but never makes a profit does not send in a tax return because he has never been asked for one even though HMRC know that he is self employed. Is...	Alys	1	832	Sun Apr 19 22:15 2015 by Cheshire
	Directors dividends (Preview) Hi If a director withdrew £10,000 from his company in January 2015 would I declare this on his 14/15 tax return or wait until his companies year end which is October this year ( first year trading) and declare it next year on his 15/16 tax return? Georgie	Georgie	2	727	Sun Apr 19 17:35 2015 by Georgie
	New client VAT query (Preview) Hi I had a meeting with a potential new client who runs a clothing company. The meeting went well and by the end of it I was offered the role and start next week. So the business places orders in Nepal and the Far East to ship to the UK and then sell back to EU and non EU countries. No problem so far, where it get...	Chris1974	3	996	Sat Apr 18 16:46 2015 by Cheshire
	NI Help (Preview) I work part time in a bingo hall paying tax and NI through PAYE. I am also registered Self employed as I run a ghost hunting business as an LLP, soon to be running my own bookkeeping business as well. however I recived in the post today a bill from HMRC for class 2 NI, I haven't filled in a tax return yet as onl...	Eilef	6	1124	Fri Apr 17 23:17 2015 by Eilef
	Tax code for Employee (Preview) Hi Save me wasting a whole day on the phone to HMRC if an employee had a tax code of 0T M1 at April 5th, do I just give him the generic code of 1060L this year. The website is very confusing as I know I take them off of M1, but it states to bring the their code through to this year. Stupid question I know but I though...	keano43	2	1129	Fri Apr 17 21:29 2015 by keano43
	Basic PAYE tools (Preview) Hi has anyone tried to submit wages for the new tax year yet using HMRC basic tools? It isn't showing the new tax year and won't let me use a date past 5th April!! Any ideas? Thanks Sam	Samilou67	1	696	Fri Apr 17 13:05 2015 by Samilou67
	new employee? (Preview) Just a quick question, I think I am having a senior moment! We have a new employee who started at the beginning of the month, who has supplied his previous p45. As the payroll I do tomorrow will be month 1 of a new tax period, I do not need to enter previous figures into his records? I hope that makes sense!	SBROWN1964	4	1002	Thu Apr 16 22:09 2015 by Stardoe
	VAT Refund - into what account? (Preview) I changed accounting packages on 30/11/14, from Quickbooks to Xero. For my VAT period ending 30/11/14, I got a VAT refund of £289 in 13/1/15 that went into my HSBC bank account. Couple of questions please! 1. Does that mean my opening balance on my VAT nominal ledger should be -£289? 2. What nominal cod...	Jon12345	1	4004	Thu Apr 16 10:52 2015 by leshoward
	P11D dispensation - reimbursing for mobile (Preview) Morning, I have a client with a dispensation (ltd co) but like many new companies she couldn't get the phone contract in the company's name so had to take it out herself and she reimburses herself from the company. As she has a dispensation does it need to go on a P11D or is covered in the P11D? Have read...	Meadowlands	3	1198	Wed Apr 15 18:18 2015 by Peaman
	Accounting for CIS Tax Deductions (Preview) My client has just started working in the construction industry so invoices are being paid less 20% under the CIS Scheme. The company is limited but not yet VAT registered. How do I account for the deduction and how is it treated with the Inland Revenue? When they become VAT registered I am assuming the...	Lisa	5	27365	Wed Apr 15 18:15 2015 by Scomadi08
	VAT Return Help (Preview) Hi everyone! I am hoping someone could give me some help or advice. I am doing the VAT return 03-15 and on checking my figures there difference between my sales from my VAT return and sales from the P & L. Could this be because of the unreconciled transactions which might be included in the VAT Return...	Juliana_I	3	795	Sun Apr 12 20:13 2015 by Peaman
	VAT Status on Services to Guernsey (Preview) Hi, I'm looking for some guidance on how to treat UK VAT to a client based in Guersey please. They will be taking a telephone answering service where they forward their phone number to one given by a client who will then answer the phone and book appointments into their diary. They've said they're exem...	KMBbooks	1	1873	Sun Apr 12 19:42 2015 by Peaman
	RTI (Preview) Hi I received this from a potential client: Ive just been told by my current Tax people (who are adamant that I cannot pay myself (or anyone else) anything at all if it doesnt go through RTI PAYE) but from what Ive read on line I can still pay myself up to £5824 (£112 p/w) without any need to use the RTI PAYE....	tonys	6	1246	Sun Apr 12 19:30 2015 by Peaman
	How to post a VAT reclaim for a prior year? (Preview) Halfway through the (company) year the business hit the VAT rate. A reclaim was made for prior years' purchases and repaid by HMRC. The company mainly exports, so a reclaim is usually due. In the first repayment we were repaid: 1) reclaim items for the first VAT period (say, May-Jul) - these were poste...	jdp80	0	678	Sun Apr 12 18:58 2015 by jdp80
	Some questions on P11D (Preview) I haven't done any of these since 2008 and this year I get two! First one is straightforward but second one is a lorry driver employed through their own Ltd Co, a new client I have recently taken on. As far as I can ascertain mileage allowance, overnight subsidence, overnight incidentals and daily mea...	Leger	4	1126	Sat Apr 11 14:03 2015 by Leger
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