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

Meadowlands · Meadowlands

I have just taken on a new client and am helping him get sorted for his SA return - he left it late. He has 2 P45s one from when he was made redundant and one for the p[eriod he claimed JSA. Not quite sure which to use, do I total the amount of pay on them and use this figure or do I just use the JSA one? If I ignore t...

Don Tax · Don Tax

Hi peeps. Can someone confirm what I can reclaim on a dividend voucher showing Gross £116.87 and Swiss Withholding Tax Paid £40.90 As this is the only foreign dividend I have the option of using the core tax return page 3 Box 6 and the Revenue note above the box reads : Tax taken off foreign dividends (the...

Princess · Princess

Realised I had already posted this question. My dementia is getting worse... -- Edited by Princess on Wednesday 22nd of January 2014 04:16:02 PM

katsafe · katsafe

Hi all, I have a new client who is in rented accommodation. He is a courier and uses his garage (attached to the property and included in the rent of the home) for sorting the parcels and for storage. He only uses the garage for this business purpose and not for personal use. The bookkeeper he used prev...

StuartAnder · StuartAnder

Hi, Just wondered if people actually come across this much with there small clients at all, it was one of the hardest parts of my tax exams.. Thanks Stuart

Helenpegg · Helenpegg

if you have to move for work and rent out your one and only property, renting a flat where you now work, are you liable for tax?

Silly Digits · Silly Digits

Having a blank moment. When working out the turnover to date to see if can deregister for VAT, do I use the net sales figure? If in the next 12 months the turnover is going to be less, can anything be done? already over VAT limit to date. Thank you

books2013 · books2013

Hi all. As in the question title I'm wondering if it's possible to set off a trading loss incurred in the year against rental profits from a jointly held property? The SA form seems to want details off the property loss bf and this has made me uncertain whether this can be done. The guidance refers you t...

KBS · KBS

If I amend/delete an invoice on Kashflow for whatever reason AFTER the VAT return has been filed, how will this effect the previously filed return? Will it just correct itself in the next VAT return? TIA

rachel_mclean · rachel_mclean

I am changing over from using HMRC basic tools to go onto 12pay. To double check my figures I want to get a P11 with ALL figures to date to enter into 12pay. The only report I can find is employee year to date summary.....what does not have as much details as the P11 ....... it only has total pay to date and N...

Helenpegg · Helenpegg

My self employed conference speaker wants to offset his purchase of books against tax. They are always relevant to his subject. Is this allowed by HMRC?

clairet · clairet

Hello everyone I know that a director can't pay themselves their salary before the RTI return is submitted, but what happens if they don't pay themselves afterwards either (due to cash flow issues)? Can it just be added to the director's loan account "pot", to be drawn from later? Thanks i...

Hani · Hani

My brother has setted up his own company which is registered in the UK. However he works aborad in a non EU country. Does he still need to set up for PAYE and NIC as he will be receiving salary through the company? I would assume he does but just need to be 100%

Cheshire · Cheshire

Hi An employee was paid monthly up to end December for whole of 2013/2014 tax year - she has never paid any NI (pay to date £3776.99). Employer has changed some staff to weekly pay as of today. I use 12 Pay software - so added new payroll/moved staff and did they payroll yesterday. One lady did 41 hours (s...

fin6y · fin6y

Hope someone can answer my (hopefully) simple question; If a vehicle dealer has cars in stock at the point they become registered for VAT and sell them after they are registered, am I right in thinking they would account for VAT on the full profit as a normal sale? The way I'm thinking is that under the no...

Meadowlands · Meadowlands

I have just been approached by a potential new client who has got himself in a bit of a pickle. He is the sole Dir of a Ltd company and has been paying himself and his wife each month (she is below the threshold). He thought he was self employed so didn't register as an employer with HMRC and therefore hasn...

Seth · Seth

Hi I recently helped a friend complete her tax return for 2013. The accounts were made up to 31 October 2012 and recorded a loss for the second year running. My friend was selling second hand clothes in an indoor market but due to the high weekly rent she gave up the market stall at the end of February 2...

Cheshire · Cheshire

How can I show staff on 12 PAy payroll by first name first (rather than by surname)?

rachel_mclean · rachel_mclean

Hi, I have been using HMRC basic tools to run a weekly payroll. I'm finding it not very useful, and hard to find figure so I have changed to the free version of 12pay. I have entered all the employee details (except employees basic pay - as this is different every week) The payroll is done on a Friday - so I wo...

Georgie · Georgie

I have just completed a Directors SA tax return - Who draws a salary each month through PAYE and have input the figures from his P60. The tax calculation states that they owe £1 ... Is this something to do with rounding? Even though I ticked the box to say any unpaid taxes can be collected through the PAYE...

Topic		Started By	Replies	Views	Last Post
	which P45 (Preview) I have just taken on a new client and am helping him get sorted for his SA return - he left it late. He has 2 P45s one from when he was made redundant and one for the p[eriod he claimed JSA. Not quite sure which to use, do I total the amount of pay on them and use this figure or do I just use the JSA one? If I ignore t...	Meadowlands	8	1668	Sun Jan 26 14:12 2014 by Meadowlands
	Tax Taken Off Foreign Dividends (Preview) Hi peeps. Can someone confirm what I can reclaim on a dividend voucher showing Gross £116.87 and Swiss Withholding Tax Paid £40.90 As this is the only foreign dividend I have the option of using the core tax return page 3 Box 6 and the Revenue note above the box reads : Tax taken off foreign dividends (the...	Don Tax	4	784	Fri Jan 24 09:22 2014 by Don Tax
	resolved (Preview) Realised I had already posted this question. My dementia is getting worse... -- Edited by Princess on Wednesday 22nd of January 2014 04:16:02 PM	Princess	0	602	Wed Jan 22 13:12 2014 by Princess
	Use of home garage allowable expense? (Preview) Hi all, I have a new client who is in rented accommodation. He is a courier and uses his garage (attached to the property and included in the rent of the home) for sorting the parcels and for storage. He only uses the garage for this business purpose and not for personal use. The bookkeeper he used prev...	katsafe	5	1353	Wed Jan 22 09:15 2014 by FoxAccountancyServices
	Income tax basis periods (Preview) Hi, Just wondered if people actually come across this much with there small clients at all, it was one of the hardest parts of my tax exams.. Thanks Stuart	StuartAnder	4	621	Tue Jan 21 09:43 2014 by RobH
	renting out your only property (Preview) if you have to move for work and rent out your one and only property, renting a flat where you now work, are you liable for tax?	Helenpegg	5	602	Mon Jan 20 19:49 2014 by Shamus
	Deregistration turnover (Preview) Having a blank moment. When working out the turnover to date to see if can deregister for VAT, do I use the net sales figure? If in the next 12 months the turnover is going to be less, can anything be done? already over VAT limit to date. Thank you	Silly Digits	2	963	Mon Jan 20 13:30 2014 by Silly Digits
	Setting off trading loss against rental income (Preview) Hi all. As in the question title I'm wondering if it's possible to set off a trading loss incurred in the year against rental profits from a jointly held property? The SA form seems to want details off the property loss bf and this has made me uncertain whether this can be done. The guidance refers you t...	books2013	1	988	Mon Jan 20 09:29 2014 by RobH
	Kashflow anyone?! (Preview) If I amend/delete an invoice on Kashflow for whatever reason AFTER the VAT return has been filed, how will this effect the previously filed return? Will it just correct itself in the next VAT return? TIA	KBS	0	701	Sun Jan 19 21:56 2014 by KBS
	Can anyone tell me how to get a p11 report from HMRC basic tools please (Preview) I am changing over from using HMRC basic tools to go onto 12pay. To double check my figures I want to get a P11 with ALL figures to date to enter into 12pay. The only report I can find is employee year to date summary.....what does not have as much details as the P11 ....... it only has total pay to date and N...	rachel_mclean	3	4699	Sat Jan 18 13:47 2014 by rachel_mclean
	tax allowances (Preview) My self employed conference speaker wants to offset his purchase of books against tax. They are always relevant to his subject. Is this allowed by HMRC?	Helenpegg	4	590	Fri Jan 17 23:06 2014 by Helenpegg
	RTI and directors' salary (Preview) Hello everyone I know that a director can't pay themselves their salary before the RTI return is submitted, but what happens if they don't pay themselves afterwards either (due to cash flow issues)? Can it just be added to the director's loan account "pot", to be drawn from later? Thanks i...	clairet	2	568	Thu Jan 16 11:18 2014 by clairet
	Company set up on PAYE if employee works abroad (Preview) My brother has setted up his own company which is registered in the UK. However he works aborad in a non EU country. Does he still need to set up for PAYE and NIC as he will be receiving salary through the company? I would assume he does but just need to be 100%	Hani	0	456	Wed Jan 15 10:40 2014 by Hani
	Staff paid NI - due to change of payroll date. Can I do anything? (Preview) Hi An employee was paid monthly up to end December for whole of 2013/2014 tax year - she has never paid any NI (pay to date £3776.99). Employer has changed some staff to weekly pay as of today. I use 12 Pay software - so added new payroll/moved staff and did they payroll yesterday. One lady did 41 hours (s...	Cheshire	12	897	Wed Jan 15 18:28 2014 by Don Tax
	Charging VAT on stock purchased before registration...? (Preview) Hope someone can answer my (hopefully) simple question; If a vehicle dealer has cars in stock at the point they become registered for VAT and sell them after they are registered, am I right in thinking they would account for VAT on the full profit as a normal sale? The way I'm thinking is that under the no...	fin6y	1	518	Wed Jan 15 15:21 2014 by RobH
	Not registered as employer (Preview) I have just been approached by a potential new client who has got himself in a bit of a pickle. He is the sole Dir of a Ltd company and has been paying himself and his wife each month (she is below the threshold). He thought he was self employed so didn't register as an employer with HMRC and therefore hasn...	Meadowlands	2	712	Tue Jan 14 09:34 2014 by RobH
	Amending a Tax Return Online (Preview) Hi I recently helped a friend complete her tax return for 2013. The accounts were made up to 31 October 2012 and recorded a loss for the second year running. My friend was selling second hand clothes in an indoor market but due to the high weekly rent she gave up the market stall at the end of February 2...	Seth	3	614	Mon Jan 13 16:06 2014 by Seth
	12 PAY question re order of staff names (Preview) How can I show staff on 12 PAy payroll by first name first (rather than by surname)?	Cheshire	2	562	Mon Jan 13 13:01 2014 by Cheshire
	Help setting up 12pay please.... (Preview) Hi, I have been using HMRC basic tools to run a weekly payroll. I'm finding it not very useful, and hard to find figure so I have changed to the free version of 12pay. I have entered all the employee details (except employees basic pay - as this is different every week) The payroll is done on a Friday - so I wo...	rachel_mclean	2	833	Fri Jan 10 20:02 2014 by rachel_mclean
	Owes £1? (Preview) I have just completed a Directors SA tax return - Who draws a salary each month through PAYE and have input the figures from his P60. The tax calculation states that they owe £1 ... Is this something to do with rounding? Even though I ticked the box to say any unpaid taxes can be collected through the PAYE...	Georgie	1	808	Fri Jan 10 18:38 2014 by Bright Future Accountancy
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