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

Cheshire · Cheshire

Hi Ive started to get the new tax codes for 2015 payroll clients and for one company Ive just received a couple of odd looking ones. Now whilst dont know the personal tax issues of the staff concerned, I do know that a couple of years ago HMRC sent out a load of incorrect ones for code 89T. Today Ive got one at...

Casu · Casu

Hello A friend of mine has taken £54000 out of her company in a mixture of dividend and wages (wages will be £7776 by end of year) - she is now worried about her personal tax bill as she never saves anything! As a Director would the calculation be along the lines of :- personal allowance £9440 - nil tax so wa...

Count1314 · Count1314

Ok - so if you have dealt with these, you will know that they are very long (depending on the number of machines) and include MGD on some machines and VAT on others. There is also VAT on the rent and possibly the share (to the landlord). At the bottom of the 'receipt' there is a 'Site Totals' section which pr...

Cheshire · Cheshire

Hi all I have a client who is an ex footballer, turned football pundit / TV presenter (who also does lots of personal appearances). All work is through a VAT registered Limited company. he has just paid for some rather expensive clothing through the business (2 x c£1500 have gone through). When I to...

Ferb · Ferb

Hi I'm doing a VAT Return for a client that uses Kashflow and when entering transactions there are only 3 tax code options i.e. 20%, 0% or n/a. I'm hoping someone will be able to advise me how to change/enter VAT at 5% for things like utilities. Many thanks

KBS · KBS

Hi, I'm hoping someone can help me! My client is registered for VAT on the cash accounting scheme. Invoices he issued prior to registering but settled after registering are subject to VAT. These weren't included in the first return for one reason or another. There were 3 of them. I went in and amended...

Jasper · Jasper

Hello everyone, I'm looking to learn payroll and having looked on the web at providers they all seem to offer Sage training but no real training in payroll principles. I'm currently involved in payroll so know how the software part of things work, but I want to learn more than how to simply run payroll v...

KBS · KBS

My client has received an invoice from Adobe Creative Cloud. When entering it on to Kashflow, there is a difference in the amount of VAT that should be charged. My calculations and Kashflow's calculations match (£7.63) but the amount stated on the invoice is different (£8.76). Can anyone suggest a r...

Cheshire · Cheshire

Hi Ive been given copies of some paperwork for a new employee to set up on the payroll system. There is no NI number yet (its apparently been applied for!). I have a copy of the passport page showing the photo - its an Australian passport. Also one page of a 'UK Ancestry Visa' issued in Manila showing 'UK E...

Peony · Peony

A self-employed odd job man wants to claim on some tools (drill, saw etc) each of £150 to £300 in price and they will only last about two years. I understand that tools fit in plant and machinery as a capital allowance, but do items of such a low value and limited life fit with this? Thanks for any suggestio...

Stardoe · Stardoe

Hi everyone. Don't know if anyone can help me with this! But any thoughts gratefully received. One of my clients has just started making exempt sales and is therefore partially exempt for VAT purposes (started making exempt sales from November, the VAT period I am doing is November to January). Sh...

The Secretary · The Secretary

Hi I am using SAGE 50, my employer pays my salary which I post to the following Journal 7003 2210 7006 2211 2220 Now my employers other company have agreed to reimburses my employer half of my gross salary as I do a certain amount of work for them, in effect they share my services. Now this has appeared on t...

Diona · Diona

Is there someone from Edinburgh? I am going there in August, any advise will be appreciated!

Cheshire · Cheshire

Hi I look after three restaurants, one has been struggling for a while so on 3 Feb the owner decided to cease trading in that one (Rest C). He closed the business and told the staff. He has not yet appointed an official receiver but will be doing. Wages for 3 monthly paid staff were calculated up to end Jan...

lor · lor

Hi All, with regards to the above, my self employed client has made donations to a charity but has informed me she doesn't have any receipt, is there a way around this?

Bucks Bodger · Bucks Bodger

Hi A friend has asked me to help her son fill out a tax return for 2012/2013, he's had a letter threatening him with a penalty and has decided he can't ignore it any longer! He has a mixture of employed and self-employed income in the year, as well as a short period when he was out of work. When he was self-e...

xiaoheidan · xiaoheidan

Hello, My husband is trying to pay himself dividend. When he register his company he hold one share. first time he pay himself £1000(one share). If he want to pay himself more. What should he do? Make more Dividend voucher? Thanks for help Xiaoheidan

xiaoheidan · xiaoheidan

Hello everyone! My husband self employed. I need withdraw some money from his company for non business. like operation fee. What kind of tax should he pay and which sage account should he put in? it is direct loan or drawing? we do not have much saving and his salary is ok if I don't have to do the operation...

Rhianrach · Rhianrach

I have a bill from Microsoft for office 365 and it has 15% tax, question is why is this?

Cheshire · Cheshire

Hi Customer is a pundit through a Limited company which is VAT registered. One TV production company has offered to re-imburse his travel expenses for trip to London. I invoice amount of service, add cost of travel and then VAT. Production company want travel receipts, which I havent got cos he h...

Topic		Started By	Replies	Views	Last Post
	New staff codes (any odd ones?) (Preview) Hi Ive started to get the new tax codes for 2015 payroll clients and for one company Ive just received a couple of odd looking ones. Now whilst dont know the personal tax issues of the staff concerned, I do know that a couple of years ago HMRC sent out a load of incorrect ones for code 89T. Today Ive got one at...	Cheshire	0	642	Mon Feb 24 18:17 2014 by Cheshire
	How to calculate tax rate on dividends and wages taken? (Preview) Hello A friend of mine has taken £54000 out of her company in a mixture of dividend and wages (wages will be £7776 by end of year) - she is now worried about her personal tax bill as she never saves anything! As a Director would the calculation be along the lines of :- personal allowance £9440 - nil tax so wa...	Casu	4	898	Mon Feb 24 18:15 2014 by Casu
	MGD/VAT Related query........Games machine meter print outs anyone??? (Preview) Ok - so if you have dealt with these, you will know that they are very long (depending on the number of machines) and include MGD on some machines and VAT on others. There is also VAT on the rent and possibly the share (to the landlord). At the bottom of the 'receipt' there is a 'Site Totals' section which pr...	Count1314	3	2926	Fri Feb 21 16:38 2014 by fin6y
	Claim for work attire (Preview) Hi all I have a client who is an ex footballer, turned football pundit / TV presenter (who also does lots of personal appearances). All work is through a VAT registered Limited company. he has just paid for some rather expensive clothing through the business (2 x c£1500 have gone through). When I to...	Cheshire	13	1065	Wed Feb 19 17:43 2014 by Cheshire
	Kashflow & VAT Codes (Preview) Hi I'm doing a VAT Return for a client that uses Kashflow and when entering transactions there are only 3 tax code options i.e. 20%, 0% or n/a. I'm hoping someone will be able to advise me how to change/enter VAT at 5% for things like utilities. Many thanks	Ferb	2	734	Wed Feb 19 13:17 2014 by Ferb
	VAT and Kashflow (Preview) Hi, I'm hoping someone can help me! My client is registered for VAT on the cash accounting scheme. Invoices he issued prior to registering but settled after registering are subject to VAT. These weren't included in the first return for one reason or another. There were 3 of them. I went in and amended...	KBS	0	501	Mon Feb 17 21:51 2014 by KBS
	Looking For Payroll Training... Any Ideas? (Preview) Hello everyone, I'm looking to learn payroll and having looked on the web at providers they all seem to offer Sage training but no real training in payroll principles. I'm currently involved in payroll so know how the software part of things work, but I want to learn more than how to simply run payroll v...	Jasper	7	1178	Mon Feb 17 19:02 2014 by Brian McVean
	VAT amount (Preview) My client has received an invoice from Adobe Creative Cloud. When entering it on to Kashflow, there is a difference in the amount of VAT that should be charged. My calculations and Kashflow's calculations match (£7.63) but the amount stated on the invoice is different (£8.76). Can anyone suggest a r...	KBS	5	2390	Sun Feb 16 22:47 2014 by Shamus
	Foreign workers and paperwork required (Preview) Hi Ive been given copies of some paperwork for a new employee to set up on the payroll system. There is no NI number yet (its apparently been applied for!). I have a copy of the passport page showing the photo - its an Australian passport. Also one page of a 'UK Ancestry Visa' issued in Manila showing 'UK E...	Cheshire	2	653	Sun Feb 16 11:49 2014 by Cheshire
	Capital allowance or expense? (Preview) A self-employed odd job man wants to claim on some tools (drill, saw etc) each of £150 to £300 in price and they will only last about two years. I understand that tools fit in plant and machinery as a capital allowance, but do items of such a low value and limited life fit with this? Thanks for any suggestio...	Peony	4	1109	Sat Feb 15 18:03 2014 by Peony
	VAT Partial exemption (Preview) Hi everyone. Don't know if anyone can help me with this! But any thoughts gratefully received. One of my clients has just started making exempt sales and is therefore partially exempt for VAT purposes (started making exempt sales from November, the VAT period I am doing is November to January). Sh...	Stardoe	2	733	Sat Feb 15 17:27 2014 by Stardoe
	SAGE 50 which nominal code (Preview) Hi I am using SAGE 50, my employer pays my salary which I post to the following Journal 7003 2210 7006 2211 2220 Now my employers other company have agreed to reimburses my employer half of my gross salary as I do a certain amount of work for them, in effect they share my services. Now this has appeared on t...	The Secretary	1	1181	Sat Feb 15 12:01 2014 by Count1314
	Edinburgh (Preview) Is there someone from Edinburgh? I am going there in August, any advise will be appreciated!	Diona	3	850	Sat Feb 15 11:03 2014 by Shamus
	Status of company when not appointed the official receiver and what to do with staff (Preview) Hi I look after three restaurants, one has been struggling for a while so on 3 Feb the owner decided to cease trading in that one (Rest C). He closed the business and told the staff. He has not yet appointed an official receiver but will be doing. Wages for 3 monthly paid staff were calculated up to end Jan...	Cheshire	0	641	Fri Feb 14 13:54 2014 by Cheshire
	charity donations (Preview) Hi All, with regards to the above, my self employed client has made donations to a charity but has informed me she doesn't have any receipt, is there a way around this?	lor	8	2682	Fri Feb 14 09:16 2014 by Shamus
	Late Tax return (Preview) Hi A friend has asked me to help her son fill out a tax return for 2012/2013, he's had a letter threatening him with a penalty and has decided he can't ignore it any longer! He has a mixture of employed and self-employed income in the year, as well as a short period when he was out of work. When he was self-e...	Bucks Bodger	2	639	Tue Feb 11 22:47 2014 by Bucks Bodger
	dividend (Preview) Hello, My husband is trying to pay himself dividend. When he register his company he hold one share. first time he pay himself £1000(one share). If he want to pay himself more. What should he do? Make more Dividend voucher? Thanks for help Xiaoheidan	xiaoheidan	4	801	Mon Feb 10 21:24 2014 by xiaoheidan
	about personal use money (Preview) Hello everyone! My husband self employed. I need withdraw some money from his company for non business. like operation fee. What kind of tax should he pay and which sage account should he put in? it is direct loan or drawing? we do not have much saving and his salary is ok if I don't have to do the operation...	xiaoheidan	7	956	Mon Feb 10 09:32 2014 by xiaoheidan
	VAT Microsoft (Preview) I have a bill from Microsoft for office 365 and it has 15% tax, question is why is this?	Rhianrach	5	1259	Sat Feb 8 20:37 2014 by Rhianrach
	Adding expenses to invoice and VAT treatment (Preview) Hi Customer is a pundit through a Limited company which is VAT registered. One TV production company has offered to re-imburse his travel expenses for trip to London. I invoice amount of service, add cost of travel and then VAT. Production company want travel receipts, which I havent got cos he h...	Cheshire	2	549	Fri Feb 7 17:18 2014 by Cheshire
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