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

kimrs007 · kimrs007

Hi Guys, I'm probably being really dim here!! But, one of our employees worked full time 42.5 hours per week (8.5 hours, 5 x days a week) and had a holiday allowance of 30 days. The employee has now dropped their contracted hours to 34 hours per week (8.5 hours, 4 x days a week) and is receiving a reduced mon...

BudgetB · BudgetB

Afternoon all, I wondered whether anyone has had cause to complete one of these little joys on behalf of a client yet, and if so how you'd found the process? Thanks

Riel · Riel

Hi, We are a VAT registered business. One of our suppliers damaged one of our vehicles, we have had it repaired and I am raising a debit note to deduct it from the payment we are due to make. One of the invoices has vat on so no problem, but one of them is from a mechanic who isn't vat registered so no vat. m...

VinceH · VinceH

I was forwarded an email from a client's supplier - just one line, not written clearly, and seemed to be chasing for payment of an old invoice; a copy was attached. It was from two years ago - so I had to go back to my backups from that period to check. It turned out the invoice had been received, and I'd paid i...

Leger · Leger

I'm just doing the year end for a client, and they have paid an employee £10 a day subsistence and £6 a day parking (Employee works away) Nothing on their payslip to indicate. Previously there was no quibble if you stick to the published rates (£10 if away from home for more than 10 hours) providing you go...

Artois · Artois

Morning all Has anyone else had any problems with clients showing on the normal agent account? I put in the VAT authorisation code that the client received and it said accepted but is still yet to show on my client list, it has been nearly a week now where as usually it takes less than 2 days.

Melissa15 · Melissa15

Hi, Can anyone shed any light on how to account for Sales Tax on payments from Etsy? Thanks, Melissa

Gregory · Gregory

Hello everybody! From what I've learnt online so far, any UK Director of a Limited Company MUST file tax returns even if there is no salary paid for the job. BTW, as far as I know, UK law doesn't require that in a first place (i.e., that a certain compensation MUST be paid to a Director for his duties) - corr...

Leger · Leger

This has landed in my inbox this morning. Organised by Brightpay but you don't have to use their software to attend. Don't know about anyone else but I still haven't got my head round it, so I've registered. EDIT: And it helps if you post the link. https://register.gotowebinar.com/register/5...

KJL · KJL

Hi - I am new to the book keeping role in the company. Due to submitting an EYU the company has incurred late payment interest (small amount). Not entirely sure nominal code to use Sage 50 accounts to record this small bank payment. Would appreciate any guidance.

A

Hello, I've recently taken over new client's payroll. The month April payroll has been run and submitted by someone else externally and I've taken over form May. With limited information I had form previous payroll company I had to set up all employees from the scratch in new payroll software. I've d...

Cheshire · Cheshire

For anyone living under a rick - the new rules are out for both schemes today.

Riel · Riel

Hi All, We have several employees on furlough, now one person wants to take some holiday. Do I do one submission with the remaining employees for the full month and then another one for the employee who wants the holiday as they can't be furloughed for the holiday period. thanks for any help you can gi...

Artois · Artois

Morning all I was thinking of employing my Daughter for a few hours each week just to help out with some admin tasks and data input but my payroll knowledge is pretty basic and I try to avoid it if I can, so just wanted to run this passed you guys to get your thoughts. Situation is that she is 16 and has her N/I...

Bookkeeper123 · Bookkeeper123

Hi everyone just a quick question do you need to send an Employer Payment Summary (EPS) after the previous tax month end date if you're client is a sole trader but has suffered CIS Deductions from their contractor? I send a CIS return for the subcontractors and I send FPS's each month on the payroll date...

Jpeterson85 · Jpeterson85

We are using the VAT margin scheme for memorabilia (second hand goods) we buy and sell. My question is what we can consider as part of the VAT margin scheme? For example, we purchase an autograph for £100.00. Before selling, we frame the item by our framing supplier at a cost of £50.00. When calculatin...

retsub35 · retsub35

Hi all, I am carrying out some bookkeeping work for a building company and have this scenario: One of their customers is having an extension that involves diverting the public sewer. Southern Water have charged my client a performance deposit that is non vatable. My client now needs to charge the cus...

Artois · Artois

Afternoon all Since Taxfiler were bought by Iris I was put on their new solo package of up to 30 clients but because I had already signed up with them they allowed me to continue passed the 30 until I reach 50 which I am very close too now, does anyone know what the process is? do I just carry on passed the 50 a...

Leger · Leger

For self employed clients I usually do their year from 1st April - 31st March unless they are subbies, but for one client I have tended to do year 6th April - 5th April, primarily because there are pensions, savings and share divi's and it just seemed easier at the time. However is there any reason why I co...

Rachel19 · Rachel19

Hi everyone, I've just completed the first set of accounts for a new client who has 2 Ltd companies. He is the sole shareholder and director of both and was advised to set them up separately, but I think I'm missing something as I'm not sure why! Both companies operate out of the same double unit and are pr...

Topic		Started By	Replies	Views	Last Post
	Holiday allowance pro rated to reduced hours (Preview) Hi Guys, I'm probably being really dim here!! But, one of our employees worked full time 42.5 hours per week (8.5 hours, 5 x days a week) and had a holiday allowance of 30 days. The employee has now dropped their contracted hours to 34 hours per week (8.5 hours, 4 x days a week) and is receiving a reduced mon...	kimrs007	1	1740	Thu Aug 6 11:47 2020 by Rhianrach
	CGT 'mini return' (Preview) Afternoon all, I wondered whether anyone has had cause to complete one of these little joys on behalf of a client yet, and if so how you'd found the process? Thanks	BudgetB	4	1842	Mon Aug 3 18:11 2020 by BudgetB
	VAT when recharging a supplier (Preview) Hi, We are a VAT registered business. One of our suppliers damaged one of our vehicles, we have had it repaired and I am raising a debit note to deduct it from the payment we are due to make. One of the invoices has vat on so no problem, but one of them is from a mechanic who isn't vat registered so no vat. m...	Riel	2	1909	Wed Jul 29 09:05 2020 by Riel
	VAT dispute (a contender for the FFS thread) (Preview) I was forwarded an email from a client's supplier - just one line, not written clearly, and seemed to be chasing for payment of an old invoice; a copy was attached. It was from two years ago - so I had to go back to my backups from that period to check. It turned out the invoice had been received, and I'd paid i...	VinceH	3	1917	Wed Jul 22 10:27 2020 by VinceH
	Dispensations (PAYE) (Preview) I'm just doing the year end for a client, and they have paid an employee £10 a day subsistence and £6 a day parking (Employee works away) Nothing on their payslip to indicate. Previously there was no quibble if you stick to the published rates (£10 if away from home for more than 10 hours) providing you go...	Leger	1	1624	Sun Jul 19 19:29 2020 by Rachel19
	Client Authorisation (Preview) Morning all Has anyone else had any problems with clients showing on the normal agent account? I put in the VAT authorisation code that the client received and it said accepted but is still yet to show on my client list, it has been nearly a week now where as usually it takes less than 2 days.	Artois	4	2141	Fri Jul 17 08:36 2020 by Leger
	Etsy Sales (Preview) Hi, Can anyone shed any light on how to account for Sales Tax on payments from Etsy? Thanks, Melissa	Melissa15	1	1829	Wed Jul 15 10:44 2020 by Casu
	UK tax returns to HMRC for a foreign non-resident Director of a Limited Company (Preview) Hello everybody! From what I've learnt online so far, any UK Director of a Limited Company MUST file tax returns even if there is no salary paid for the job. BTW, as far as I know, UK law doesn't require that in a first place (i.e., that a certain compensation MUST be paid to a Director for his duties) - corr...	Gregory	6	2065	Mon Jul 13 14:34 2020 by Leger
	Flexible Furlough Free Webinar (Preview) This has landed in my inbox this morning. Organised by Brightpay but you don't have to use their software to attend. Don't know about anyone else but I still haven't got my head round it, so I've registered. EDIT: And it helps if you post the link. https://register.gotowebinar.com/register/5...	Leger	1	1691	Sat Jul 11 12:46 2020 by Artois
	HMRC Late Payment Interest (Preview) Hi - I am new to the book keeping role in the company. Due to submitting an EYU the company has incurred late payment interest (small amount). Not entirely sure nominal code to use Sage 50 accounts to record this small bank payment. Would appreciate any guidance.	KJL	8	2702	Mon Jul 6 19:45 2020 by Casu
	Payroll transferred to new software - duplicate payroll submitted (Preview) Hello, I've recently taken over new client's payroll. The month April payroll has been run and submitted by someone else externally and I've taken over form May. With limited information I had form previous payroll company I had to set up all employees from the scratch in new payroll software. I've d...	A	2	2037	Fri Jun 19 21:03 2020 by A
	New rules - SEISS and CJRS (Preview) For anyone living under a rick - the new rules are out for both schemes today.	Cheshire	3	1953	Fri Jun 19 16:05 2020 by Artois
	CJRS (Preview) Hi All, We have several employees on furlough, now one person wants to take some holiday. Do I do one submission with the remaining employees for the full month and then another one for the employee who wants the holiday as they can't be furloughed for the holiday period. thanks for any help you can gi...	Riel	6	1875	Fri Jun 19 09:25 2020 by Leger
	Employing my Daughter (Preview) Morning all I was thinking of employing my Daughter for a few hours each week just to help out with some admin tasks and data input but my payroll knowledge is pretty basic and I try to avoid it if I can, so just wanted to run this passed you guys to get your thoughts. Situation is that she is 16 and has her N/I...	Artois	3	1248	Sat Jun 13 08:02 2020 by Artois
	EPS for CIS Deductions for sole trader (Preview) Hi everyone just a quick question do you need to send an Employer Payment Summary (EPS) after the previous tax month end date if you're client is a sole trader but has suffered CIS Deductions from their contractor? I send a CIS return for the subcontractors and I send FPS's each month on the payroll date...	Bookkeeper123	2	1383	Wed Jun 10 17:22 2020 by Casu
	VAT Margin Scheme (Preview) We are using the VAT margin scheme for memorabilia (second hand goods) we buy and sell. My question is what we can consider as part of the VAT margin scheme? For example, we purchase an autograph for £100.00. Before selling, we frame the item by our framing supplier at a cost of £50.00. When calculatin...	Jpeterson85	13	1710	Tue Jun 9 18:36 2020 by Cheshire
	Charging VAT (Preview) Hi all, I am carrying out some bookkeeping work for a building company and have this scenario: One of their customers is having an extension that involves diverting the public sewer. Southern Water have charged my client a performance deposit that is non vatable. My client now needs to charge the cus...	retsub35	11	1676	Tue Jun 9 12:50 2020 by Cheshire
	Taxfiler Clients (Preview) Afternoon all Since Taxfiler were bought by Iris I was put on their new solo package of up to 30 clients but because I had already signed up with them they allowed me to continue passed the 30 until I reach 50 which I am very close too now, does anyone know what the process is? do I just carry on passed the 50 a...	Artois	2	1099	Sat May 30 08:58 2020 by Artois
	Accounting year (Preview) For self employed clients I usually do their year from 1st April - 31st March unless they are subbies, but for one client I have tended to do year 6th April - 5th April, primarily because there are pensions, savings and share divi's and it just seemed easier at the time. However is there any reason why I co...	Leger	15	2214	Wed May 27 11:20 2020 by Cheshire
	Client with 2 companies - garage/MOT (Preview) Hi everyone, I've just completed the first set of accounts for a new client who has 2 Ltd companies. He is the sole shareholder and director of both and was advised to set them up separately, but I think I'm missing something as I'm not sure why! Both companies operate out of the same double unit and are pr...	Rachel19	6	1189	Wed May 27 11:16 2020 by Rachel19
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