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

Rhianrach · Rhianrach

Hi all Is it possible to buy something as an asset in one financial year but only put it through in the next financial year. I thought the answer would be no as you have to show it as per tax point, but it wouldn't be the first time I've been wrong.

Georgie · Georgie

Hi Can anyone tell me what the journals for SSP recovery are in VT - total tax and NI due this month is a credit balance Georgie -- Edited by Georgie on Sunday 9th of March 2014 03:39:29 PM

yellowsenska · yellowsenska

Hi everyone, I've just started new role where I'm responsible for payroll (no real prior experience ). I've been asked to prepare 6 days overtime for one of the employee on salary £ 32,000 per annum. Could anyone explain how this should be calculated ? Many Thanks Kamilla

rachel_mclean · rachel_mclean

I have a client who has an employee leaving at the end of this week. They have 47 hours holiday due to them, do I pay this all in one week? so their usual wages plus all holiday owed to them? I imagine they will pay more tax and ni this way? I'm not sure of the actual proper way to do this? Thanks Rachel

claireb · claireb

Hi Im just wondering if anybody else has had this .. because Im a tad confused

I use Moneysoft payrol software - and one my clients, has had a notice from the HMRC for a non filing notice even tho I filed one in time ?!? There was no FPS due this time - only an EPS for month end 05/12/13 - I filed this on 11/12/...

Silly Digits · Silly Digits

If you have deregistered for VAT as you think that in the next 12 months your turnover will be under £77000, but say if in 10 months time your turnover is better than expected and have to reregister. The question is would I then have to backdate any VAT due back to when I de-registered??

Durbanlady · Durbanlady

Hi, Could anyone help with the correct processing of expenses. I am doing the books for a construction company and one of our employees has his mobile phone expenses reimbursed monthly. My problem is can I claim back the vat even though the Vodafone invoices are made out to the employee himself?...

FoxAccountancyServices · FoxAccountancyServices

Oh goodness, sorry guys, I am a hub of questions today! I have a client who recently registered for VAT, and claimed VAT on a fixed asset purchased in the previous year. The opening cost (lets say) is £1200 and the claim of £200 reduces this value to £1000 I am just wondering how you guys show this in your...

Meadowlands · Meadowlands

hi I am working at new clients and they have been filing and paying VAT returns. The problem is there is an unassigned amount from the feb/apr 12 return. This means that they haven't closed the returns off in Quickbooks. Any suggestions how I would deal with this? I am also reconciling their bank sta...

StuartAnder · StuartAnder

Hi, Just wanted to check something.. If a client has come to you and said they don't think they claimed what they should have against their tax in the previous year and they want to know what you can do to help them. Can we just recalculate the tax liability and are you able to resubmit a tax for a previous ye...

Rhianrach · Rhianrach

We export some low value goods to New Zealand and I zero rate the sale as per HMRC. My problem seems to be that I have no real proof of postage to a New Zealand address as we use a franking machine. I have paperwork for the payment through paypal with a New Zealand address but that's it. Should I be sending the...

xiaoheidan · xiaoheidan

The HMRC ask me to register self assessment and need pay the Tax. But I found the tax calculate base on my company's turn over. and i paid corporation tax which base on my profit too. Now I paid similar amount of self assessment tax as corporation tax. I am totally confused. Asking for help. Thanks Xiao...

StuartAnder · StuartAnder

Hi, Are there and cis experts out there, that can explain in simple terms the process of how it works, and what we as bookkeepers/accountants need to do. What do others charge for this service? Any tips? Thanks

MaryChristina · MaryChristina

Hi, I'm hoping someone can help! I'm just starting out and one of my clients has asked me how much he can claim for working from home expenses. I've calculated as below, but I'm a bit unsure about this as when I enter the same figures into the HMRC website simplified expenses calculator I get a totally d...

ClawzCTR · ClawzCTR

Not sure if anyone can help but I've just taken ownership of some PAYE from a previous bookkeeper who is not replying to emails hence the call for help! All I have to go on for this months payroll is last months wages (as the previous BK thought that was all I needed!!!!) But when I put in the YTD figures it wo...

FoxAccountancyServices · FoxAccountancyServices

Hi All Anyone got the dish on how this works? I've heard about it over the last few months, and am just wondering how it is administered on a month to month basis. It doesn't really affect my clients, but its good to know!! Shelle :)

SamBook · SamBook

Hi Everyone, I've just got a new client who uses the marginal VAT scheme. I had a look at the last years accounts and saw what i assume to be the savings made by using the margin scheme were listed in their profit and loss statement as a line under sales. I'm now just running the first VAT quarter and noticed...

ChrisBolton · ChrisBolton

Hi there Just took on a new client who runs a garage and mot centre. Ive looked up and found that MOT's are basically exempt as a sale on the vat return, but does this affect what vat can be reclaimed? The only direct cost I can see is labour, the light and heat is included in the rent and the landlord isnt v...

Princess · Princess

I have a couple of clients who appear to have a few random numbers on their PAYE dashboard ie the numbers appearing online are not the numbers I submitted on their FPS. I have spoken to HMRC about them several times over the last few months (mainly because they started to write letters saying they wan...

FoxAccountancyServices · FoxAccountancyServices

Just wanted to mention this software to anyone using basic tools and needing payslips - http://www.wieser-software.com/payslips/ Its a great piece of kit for the price, and the owner is super supportive.

Topic		Started By	Replies	Views	Last Post
	Buying stuff :) (Preview) Hi all Is it possible to buy something as an asset in one financial year but only put it through in the next financial year. I thought the answer would be no as you have to show it as per tax point, but it wouldn't be the first time I've been wrong.	Rhianrach	4	769	Wed Mar 12 14:18 2014 by Rhianrach
	SSP Recovery Journals (Preview) Hi Can anyone tell me what the journals for SSP recovery are in VT - total tax and NI due this month is a credit balance Georgie -- Edited by Georgie on Sunday 9th of March 2014 03:39:29 PM	Georgie	3	709	Sun Mar 9 22:47 2014 by Sculfy
	Overtime calculation (Preview) Hi everyone, I've just started new role where I'm responsible for payroll (no real prior experience ). I've been asked to prepare 6 days overtime for one of the employee on salary £ 32,000 per annum. Could anyone explain how this should be calculated ? Many Thanks Kamilla	yellowsenska	2	698	Sun Mar 9 21:53 2014 by yellowsenska
	Employee leaving and owed holiday pay (Preview) I have a client who has an employee leaving at the end of this week. They have 47 hours holiday due to them, do I pay this all in one week? so their usual wages plus all holiday owed to them? I imagine they will pay more tax and ni this way? I'm not sure of the actual proper way to do this? Thanks Rachel	rachel_mclean	9	1769	Fri Mar 7 12:13 2014 by Cheshire
	non filing notice from HMRC (RTI) (Preview) Hi Im just wondering if anybody else has had this .. because Im a tad confused I use Moneysoft payrol software - and one my clients, has had a notice from the HMRC for a non filing notice even tho I filed one in time ?!? There was no FPS due this time - only an EPS for month end 05/12/13 - I filed this on 11/12/...	claireb	14	2610	Thu Mar 6 12:14 2014 by Don Tax
	VAT deregistration (Preview) If you have deregistered for VAT as you think that in the next 12 months your turnover will be under £77000, but say if in 10 months time your turnover is better than expected and have to reregister. The question is would I then have to backdate any VAT due back to when I de-registered??	Silly Digits	1	836	Wed Mar 5 10:22 2014 by leshoward
	Employees expenses (Preview) Hi, Could anyone help with the correct processing of expenses. I am doing the books for a construction company and one of our employees has his mobile phone expenses reimbursed monthly. My problem is can I claim back the vat even though the Vodafone invoices are made out to the employee himself?...	Durbanlady	3	769	Tue Mar 4 21:30 2014 by StuartAnder
	Accounting for VAT claim on assets held in previous year's accounts (Preview) Oh goodness, sorry guys, I am a hub of questions today! I have a client who recently registered for VAT, and claimed VAT on a fixed asset purchased in the previous year. The opening cost (lets say) is £1200 and the claim of £200 reduces this value to £1000 I am just wondering how you guys show this in your...	FoxAccountancyServices	0	657	Tue Mar 4 13:37 2014 by FoxAccountancyServices
	VAT return in QB help (Preview) hi I am working at new clients and they have been filing and paying VAT returns. The problem is there is an unassigned amount from the feb/apr 12 return. This means that they haven't closed the returns off in Quickbooks. Any suggestions how I would deal with this? I am also reconciling their bank sta...	Meadowlands	8	4195	Tue Mar 4 10:23 2014 by Stardoe
	Self Assesment (Preview) Hi, Just wanted to check something.. If a client has come to you and said they don't think they claimed what they should have against their tax in the previous year and they want to know what you can do to help them. Can we just recalculate the tax liability and are you able to resubmit a tax for a previous ye...	StuartAnder	2	736	Tue Mar 4 08:42 2014 by StuartAnder
	Proof of export (Preview) We export some low value goods to New Zealand and I zero rate the sale as per HMRC. My problem seems to be that I have no real proof of postage to a New Zealand address as we use a franking machine. I have paperwork for the payment through paypal with a New Zealand address but that's it. Should I be sending the...	Rhianrach	4	883	Mon Mar 3 13:17 2014 by Rhianrach
	self assessment tax and coporation tax (Preview) The HMRC ask me to register self assessment and need pay the Tax. But I found the tax calculate base on my company's turn over. and i paid corporation tax which base on my profit too. Now I paid similar amount of self assessment tax as corporation tax. I am totally confused. Asking for help. Thanks Xiao...	xiaoheidan	15	1078	Mon Mar 3 11:07 2014 by xiaoheidan
	CIS experts (Preview) Hi, Are there and cis experts out there, that can explain in simple terms the process of how it works, and what we as bookkeepers/accountants need to do. What do others charge for this service? Any tips? Thanks	StuartAnder	9	3075	Sun Mar 2 18:31 2014 by StuartAnder
	Home working expenses (Preview) Hi, I'm hoping someone can help! I'm just starting out and one of my clients has asked me how much he can claim for working from home expenses. I've calculated as below, but I'm a bit unsure about this as when I enter the same figures into the HMRC website simplified expenses calculator I get a totally d...	MaryChristina	3	1039	Sat Mar 1 14:33 2014 by MaryChristina
	PAYE troubles (12Pay) (Preview) Not sure if anyone can help but I've just taken ownership of some PAYE from a previous bookkeeper who is not replying to emails hence the call for help! All I have to go on for this months payroll is last months wages (as the previous BK thought that was all I needed!!!!) But when I put in the YTD figures it wo...	ClawzCTR	1	599	Fri Feb 28 21:38 2014 by Tom McClelland
	£2k employer allowance (Preview) Hi All Anyone got the dish on how this works? I've heard about it over the last few months, and am just wondering how it is administered on a month to month basis. It doesn't really affect my clients, but its good to know!! Shelle :)	FoxAccountancyServices	10	1686	Fri Feb 28 10:06 2014 by Richard_Carey
	Marginal VAT Savings (Preview) Hi Everyone, I've just got a new client who uses the marginal VAT scheme. I had a look at the last years accounts and saw what i assume to be the savings made by using the margin scheme were listed in their profit and loss statement as a line under sales. I'm now just running the first VAT quarter and noticed...	SamBook	1	864	Thu Feb 27 12:23 2014 by bro0010
	VAT for a mot centre (Preview) Hi there Just took on a new client who runs a garage and mot centre. Ive looked up and found that MOT's are basically exempt as a sale on the vat return, but does this affect what vat can be reclaimed? The only direct cost I can see is labour, the light and heat is included in the rent and the landlord isnt v...	ChrisBolton	6	2620	Wed Feb 26 20:15 2014 by Cheshire
	PAYE dashboard showing incorrect figures (Preview) I have a couple of clients who appear to have a few random numbers on their PAYE dashboard ie the numbers appearing online are not the numbers I submitted on their FPS. I have spoken to HMRC about them several times over the last few months (mainly because they started to write letters saying they wan...	Princess	4	899	Wed Feb 26 17:11 2014 by Peasie
	Basic Tools - payslips (Preview) Just wanted to mention this software to anyone using basic tools and needing payslips - http://www.wieser-software.com/payslips/ Its a great piece of kit for the price, and the owner is super supportive.	FoxAccountancyServices	1	4040	Wed Feb 26 11:20 2014 by Don Tax
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