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

bookkeeperSA · bookkeeperSA

Please help if possible as this is all new to me... I have completed my first end of year with sage and had a bill of corporation tax to be paid, I have set up a direct debit to pay the amount on a monthly basis. How do I record the monthly payments on sage is this a journal entry ??

QBE Book-Keeping · QBE Book-Keeping

I have a new client who imports jewellery from China. She regularly receives invoices from DHL which show Duty and VAT that have to be paid on imports. For example there was one today where the VAT was £296.93, the Duty was £43.24, and the Admin fee was £6.80. Is the 296.93 allowable in the VAT Return?

satinthecorner · satinthecorner

Hi All, I've recently been offered a job which will be subcontracting rather than as a regular employee. Having only ever been a regular employee paid via PAYE, how would this work for tax and national insurance etc? I'm guessing I'll have to register as self employed, complete a tax return each ye...

daisydoo · daisydoo

Hello everyone, wondered if you could help at all?? my husband has been vat registered for about 18 months now. I have been doing his vat returns and obviously want to reduce his vat bill as much as possible.. with regards to petrol , we have never claimed the vat back. Mainly because I wasn't sure we coul...

QBE Book-Keeping · QBE Book-Keeping

Recently a client of mine had an employee who was paid weekly, above the threshold, and therefore had to pay tax as normal with a payment due to HMRC every week. Last week the employee worked a lot less hours, paid no tax, and in-fact received a re-payment of £12.00 odd, which my client paid to the employe...

Bridgford Books · Bridgford Books

I'm doing a self-assessment tax return for a client - sole trader, doing stock takes for the licensed trade. He purchased a franchise a number of years ago and as far as I can see his previous accountant has depreciated the cost of this over a number of years. Each year this depreciation has been add...

KBS · KBS

I have been approached by a potential client who has said the work will involve VAT returns done on the marginal scheme. I had never heard of this until I looked it up. Has anyone else got any experience with this? Is it complicated to master? I will of course advise them that I have never experienced this...

JacF · JacF

Hi all, Hope you all had a lovely Christmas and are looking forward to a successful New Year. I hope you can help with my question. One of my clients (Limited Company, sole director) is taking on his first employee in January and wants me to do the payroll. Brilliant I thought, nice and easy for my fir...

Count1314 · Count1314

So......although I have full accounts with appropriate adjustments which I fully understand.......and a (to the penny) tax comp which I have produced manually, I am struggling a little with the HMRC online returns. I haven't got past the accounts section and have queries on the taxation note (is i...

Count1314 · Count1314

Ok.......I don't have the necessary software to prepare stats and corp tax comp, so will have to use the online filing to submit accounts/tax comp to HMRC and accounts to Co House. It looks fairly intuitive but am not sure. The first thing I have noticed is that there is a choice of reporting standards u...

Amanda · Amanda

Hi Everyone, Before you all disappear for xmas I have a question about QB payroll. This is for a colleague of mine and unfortunately I do not know the answer as I use 12 Pay for payroll. They changed from Sage payroll to QB's part way through the year and the QB's helpline told them to input all the data fro...

468Bookkeeping · 468Bookkeeping

Hi, I help out with the books for a cleaning company and they are taking on a new and their first employee who is a student aged 19 and works part time at Next. The company is taking her on a casual/part time basis and I have a tax code of 805L for her. I will be paying her for the first time at the end of December...

Bernrob · Bernrob

I use sage payroll and accounting. My payroll journals balance (obviously) but I want to record expenses which are paid through payroll, in sage so as to show petrol receipts, hotels, car parking etc as an expense. Should I be using gross pay or gross taxable pay in my original journal? 1) How to enter i...

Cheshire · Cheshire

Hi One of my clients has received a tax demand from HMRC for a Land Transaction Return. They recently started to rent a shop. I thought the LTR only applied to sale of a property - have I missed something?

Curlze · Curlze

Hello, I was wondering if anyone knows of any good 'refresher' payroll courses... Preferably in Sussex, - or even online. I learned the basics of payroll a good few years ago now, and feel the need to be updated!! Many thanks Curlze

helpwanted · helpwanted

We are just moving to in-house payroll and I am trying to choose a package, ideally cloud based. Have been looking at Payroo - has anybody used it?

numbnumber · numbnumber

My client has used an agency for a person doing admin in the office and the same person has worked 16 hrs a week for 7 years via the agency. They are now terminating this agreement and taking on someone full time on PAYE. However they want to make a payment of £1500 to this worker as a token of their appreci...

Cheshire · Cheshire

Hi Guys Thought I should highlight this one and of course get any views..... I did a clients wages at month end, including a leaver and his P45 and RTI was done on time. Then the leaver queried his holidays/wages (he was sacked and it got acrimonious) and in the end the boss agreed an extra days holiday wa...

Princess · Princess

A client is a director of his company. There are no employees so he has no PAYE scheme and he doesn't take a salary, just dividends. He has just decided that his new car should be a company car. He does very little business mileage. I think the idea is to claim back half the VAT on the car. I do not have an...

Elaine R · Elaine R

I hope someone can help with a query I have. I have not contacted the client about it yet. I have some CIS pay slips that have a company name on them called Paystream my max limited. The Tax Code is showing as NT which means no tax to be deducted. The payslips show Gross Pay: 2442 Taxable pay: 2442 VAT: ...

Topic		Started By	Replies	Views	Last Post
	Corporation Tax Instalments in Sage (Preview) Please help if possible as this is all new to me... I have completed my first end of year with sage and had a bill of corporation tax to be paid, I have set up a direct debit to pay the amount on a monthly basis. How do I record the monthly payments on sage is this a journal entry ??	bookkeeperSA	2	638	Fri Jan 10 16:57 2014 by Cheshire
	VAT on imports (Preview) I have a new client who imports jewellery from China. She regularly receives invoices from DHL which show Duty and VAT that have to be paid on imports. For example there was one today where the VAT was £296.93, the Duty was £43.24, and the Admin fee was £6.80. Is the 296.93 allowable in the VAT Return?	QBE Book-Keeping	2	761	Fri Jan 10 16:52 2014 by Cheshire
	VAT, national insurance as a subcontractor? (Preview) Hi All, I've recently been offered a job which will be subcontracting rather than as a regular employee. Having only ever been a regular employee paid via PAYE, how would this work for tax and national insurance etc? I'm guessing I'll have to register as self employed, complete a tax return each ye...	satinthecorner	2	649	Fri Jan 10 13:57 2014 by satinthecorner
	Vat on petrol (Preview) Hello everyone, wondered if you could help at all?? my husband has been vat registered for about 18 months now. I have been doing his vat returns and obviously want to reduce his vat bill as much as possible.. with regards to petrol , we have never claimed the vat back. Mainly because I wasn't sure we coul...	daisydoo	2	628	Fri Jan 10 00:20 2014 by MarkS
	Tax refund to an employee (Preview) Recently a client of mine had an employee who was paid weekly, above the threshold, and therefore had to pay tax as normal with a payment due to HMRC every week. Last week the employee worked a lot less hours, paid no tax, and in-fact received a re-payment of £12.00 odd, which my client paid to the employe...	QBE Book-Keeping	1	571	Thu Jan 9 10:59 2014 by Don Tax
	Franchise agreement - any scope for claiming capital allowances? (Preview) I'm doing a self-assessment tax return for a client - sole trader, doing stock takes for the licensed trade. He purchased a franchise a number of years ago and as far as I can see his previous accountant has depreciated the cost of this over a number of years. Each year this depreciation has been add...	Bridgford Books	0	868	Tue Jan 7 09:54 2014 by Bridgford Books
	VAT margin scheme??? (Preview) I have been approached by a potential client who has said the work will involve VAT returns done on the marginal scheme. I had never heard of this until I looked it up. Has anyone else got any experience with this? Is it complicated to master? I will of course advise them that I have never experienced this...	KBS	11	1717	Sun Jan 5 13:54 2014 by Sharon Eyre
	Director's salary and RTI (Preview) Hi all, Hope you all had a lovely Christmas and are looking forward to a successful New Year. I hope you can help with my question. One of my clients (Limited Company, sole director) is taking on his first employee in January and wants me to do the payroll. Brilliant I thought, nice and easy for my fir...	JacF	2	792	Tue Dec 31 15:49 2013 by JacF
	Online Filing #2!! (Preview) So......although I have full accounts with appropriate adjustments which I fully understand.......and a (to the penny) tax comp which I have produced manually, I am struggling a little with the HMRC online returns. I haven't got past the accounts section and have queries on the taxation note (is i...	Count1314	0	507	Sun Dec 29 19:10 2013 by Count1314
	HMRC Online filing (Preview) Ok.......I don't have the necessary software to prepare stats and corp tax comp, so will have to use the online filing to submit accounts/tax comp to HMRC and accounts to Co House. It looks fairly intuitive but am not sure. The first thing I have noticed is that there is a choice of reporting standards u...	Count1314	5	1120	Sun Dec 29 13:12 2013 by Count1314
	Quickbooks Payroll - a quick question please? (Preview) Hi Everyone, Before you all disappear for xmas I have a question about QB payroll. This is for a colleague of mine and unfortunately I do not know the answer as I use 12 Pay for payroll. They changed from Sage payroll to QB's part way through the year and the QB's helpline told them to input all the data fro...	Amanda	6	1090	Fri Dec 27 17:25 2013 by Stardoe
	New employee (Preview) Hi, I help out with the books for a cleaning company and they are taking on a new and their first employee who is a student aged 19 and works part time at Next. The company is taking her on a casual/part time basis and I have a tax code of 805L for her. I will be paying her for the first time at the end of December...	468Bookkeeping	11	1162	Mon Dec 23 09:19 2013 by 468Bookkeeping
	Expenses paid through Payroll Payroll expenses sageaccounts (Preview) I use sage payroll and accounting. My payroll journals balance (obviously) but I want to record expenses which are paid through payroll, in sage so as to show petrol receipts, hotels, car parking etc as an expense. Should I be using gross pay or gross taxable pay in my original journal? 1) How to enter i...	Bernrob	1	7066	Sun Dec 22 23:00 2013 by RobH
	Land Transaction Return and tax (Preview) Hi One of my clients has received a tax demand from HMRC for a Land Transaction Return. They recently started to rent a shop. I thought the LTR only applied to sale of a property - have I missed something?	Cheshire	0	705	Fri Dec 20 15:10 2013 by Cheshire
	Payroll Refresher Course (Preview) Hello, I was wondering if anyone knows of any good 'refresher' payroll courses... Preferably in Sussex, - or even online. I learned the basics of payroll a good few years ago now, and feel the need to be updated!! Many thanks Curlze	Curlze	1	626	Fri Dec 20 15:18 2013 by Cheshire
	Payroo Cloud payroll package (Preview) We are just moving to in-house payroll and I am trying to choose a package, ideally cloud based. Have been looking at Payroo - has anybody used it?	helpwanted	1	858	Thu Dec 19 22:57 2013 by Bucks Bodger
	Agency worker payment (Preview) My client has used an agency for a person doing admin in the office and the same person has worked 16 hrs a week for 7 years via the agency. They are now terminating this agreement and taking on someone full time on PAYE. However they want to make a payment of £1500 to this worker as a token of their appreci...	numbnumber	2	528	Thu Dec 19 14:53 2013 by numbnumber
	RTI late notices when it was an additional notice mid month (Preview) Hi Guys Thought I should highlight this one and of course get any views..... I did a clients wages at month end, including a leaver and his P45 and RTI was done on time. Then the leaver queried his holidays/wages (he was sacked and it got acrimonious) and in the end the boss agreed an extra days holiday wa...	Cheshire	5	804	Wed Dec 18 18:24 2013 by Cheshire
	Director without PAYE scheme gets company car (Preview) A client is a director of his company. There are no employees so he has no PAYE scheme and he doesn't take a salary, just dividends. He has just decided that his new car should be a company car. He does very little business mileage. I think the idea is to claim back half the VAT on the car. I do not have an...	Princess	4	1239	Tue Dec 17 15:28 2013 by Princess
	CIS CONTRACTOR WITH TAX CODE NT (Preview) I hope someone can help with a query I have. I have not contacted the client about it yet. I have some CIS pay slips that have a company name on them called Paystream my max limited. The Tax Code is showing as NT which means no tax to be deducted. The payslips show Gross Pay: 2442 Taxable pay: 2442 VAT: ...	Elaine R	2	1071	Mon Dec 16 10:43 2013 by Don Tax
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