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

Cheshire · Cheshire

Hi All Epic fail finding this - think my head is about to explode. Anyone know what an HMRC form CA5478 is/what its for/what it looks it? TIA

pbr · pbr

Hi, I have a client which has been advised by his accountant, that he can have monthly salary below NI contribution and other benefits, but after entering all details in payroll software its showing 0.00 on salary summary statement, and no data on FPS?

Jpeterson85 · Jpeterson85

We sell experience packages (things such as sports events, hospitality packages, spa days, super car driving, hotel night stays). The purchaser is given an experience voucher which is redeemable with 12 months validity). The voucher can be exchanged for another one of our experience packages of...

Jpeterson85 · Jpeterson85

We are using the VAT margin scheme for the second hand products we buy and sell. We pay VAT on the difference between the buy price and sell price at 16.67%. We are trying to get a better understand on how the postage fees should be accounted for. If we purchase an item for £10 + £2 postage and packaging,...

Cheshire · Cheshire

https://www.accountingweb.co.uk/any-answers/are-sage-payroll-cjrs-module-calc...

Cheshire · Cheshire

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/f...

Artois · Artois

Hi all Trying to do a claim for a client but keeps coming back as 'you are not eligible to make a claim for CJRS' where as he should be, payroll set up for over a year ago! Anyone else had this? Cheers

Samilou67 · Samilou67

Please could advise the figure to use when processing the payroll for furloughed employees. If a person's usual gross pay is 2500 per month, the claim for the 80% grant would be 2000. Do you use the 2500 figure or the 2000 figure in the payroll to calculate tax and NI? Thanks Sam - hope you are all well

Beck · Beck

We are a Plumbing and Heating business. Letting agents send us their work and take a 10% commission on our invoice amount. Let's use a simple example.... Our invoice: £100 net + £20 vat = £120 gross Should they: a) calculate the amount owed to them on the gross invoice amount, then add vat on top of their...

Leger · Leger

Client had a vehicle impounded by the Police for a serious motor offence. It's a sole trader vehicle, recorded as an asset, and was seized whilst returning from a work site. Release fee tax deductible or disallow? -- Edited by Leger on Tuesday 28th of April 2020 05:41:54 PM

Leger · Leger

Does anyone know if getting a CIS rebate affects uc? Just had a client on phone who did a lot of self employment last year, worked employment for 3 weeks then self isolated (mild COPD) as soon as Covid struck. Applied for uc but got declined, applied again roughly 3 weeks later and got accepted. He's had...

Artois · Artois

Just a quickie as on my phone, if someone (sole trader) has filed a return using HMRC software but messed it up can I now file an amended return using Taxfiler or does it have to be on the HMRC software?

Cheshire · Cheshire

https://www.icaew.com/insights/tax-news/2020/apr-2020/hmrc-updates-cjrs-guidance-again?fbclid=IwAR0fybDDbCPS1qsmPQ7n2zqhuBrpD...

Cheshire · Cheshire

https://www.cipp.org.uk/resources/news/calculate-wage-figures-cjrs.html

spurs1952 · spurs1952

Background: The HMRC Basic Tools Payroll is just run here for 1 director so there is no point in getting say an expensive Sage system, and the free Government system has always sufficed for us over many years. However it just came up with a message that I could update ready for 20/21 so I thought right I'l...

Casu · Casu

Just gone on agent account for a client - new SA client last tax year. Pulled the info from the agent portal (and same via Taxfiler) and its showing £159 in class 2 NI. Last year was nil due to being below the small profits threshold. This year will be the same, so no class 2 to pay. Business is ceased an...

Leger · Leger

Just want to check something out but I think this is ok. Subby client bought a van in the 19/20 tax year. He had mainly employed income with about 4k of self employed income, going forward he is self employed. After expenses his profit is £2.7k and if I claim AIA on the van it creates a loss of £5.5k. Am I r...

Cheshire · Cheshire

So what's been going on, what have I missed? Thank you to all those who PMd for for being MIA, so sorry if I worried anyone given my high risk position and last 11+ days of silence.......just bombed helping clients. Sorry for those who who thought they had got rid of me..... Anyway, just a quick shout out...

Cheshire · Cheshire

Title says it all - also covered in the Moneysoft thread which contains the link for the portal.

Cheshire · Cheshire

Now 20th

Topic		Started By	Replies	Views	Last Post
	HMRC form query (Preview) Hi All Epic fail finding this - think my head is about to explode. Anyone know what an HMRC form CA5478 is/what its for/what it looks it? TIA	Cheshire	12	2382	Wed May 27 10:40 2020 by Rachel19
	payroll (Preview) Hi, I have a client which has been advised by his accountant, that he can have monthly salary below NI contribution and other benefits, but after entering all details in payroll software its showing 0.00 on salary summary statement, and no data on FPS?	pbr	10	1460	Sat May 23 08:43 2020 by Casu
	VAT on Single-purpose vouchers / Multi-purpose vouchers (Preview) We sell experience packages (things such as sports events, hospitality packages, spa days, super car driving, hotel night stays). The purchaser is given an experience voucher which is redeemable with 12 months validity). The voucher can be exchanged for another one of our experience packages of...	Jpeterson85	3	1287	Tue May 19 15:34 2020 by Casu
	VAT Margin Scheme and postage costs (Preview) We are using the VAT margin scheme for the second hand products we buy and sell. We pay VAT on the difference between the buy price and sell price at 16.67%. We are trying to get a better understand on how the postage fees should be accounted for. If we purchase an item for £10 + £2 postage and packaging,...	Jpeterson85	1	1244	Wed May 6 22:27 2020 by Cheshire
	Anyone with Sage payroll? Note re furlough calcs (Preview) https://www.accountingweb.co.uk/any-answers/are-sage-payroll-cjrs-module-calc...	Cheshire	0	1342	Wed May 6 10:30 2020 by Cheshire
	No rest for the wicked. Rules out (Preview) https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/f...	Cheshire	4	1364	Mon May 4 12:33 2020 by Cheshire
	Not eligible for CJRS (Preview) Hi all Trying to do a claim for a client but keeps coming back as 'you are not eligible to make a claim for CJRS' where as he should be, payroll set up for over a year ago! Anyone else had this? Cheers	Artois	16	2218	Fri May 1 13:31 2020 by Artois
	Payroll for furloughed employees (Preview) Please could advise the figure to use when processing the payroll for furloughed employees. If a person's usual gross pay is 2500 per month, the claim for the 80% grant would be 2000. Do you use the 2500 figure or the 2000 figure in the payroll to calculate tax and NI? Thanks Sam - hope you are all well	Samilou67	6	1540	Thu Apr 30 17:48 2020 by Samilou67
	VAT on Commission on Suppliers Invoice (Preview) We are a Plumbing and Heating business. Letting agents send us their work and take a 10% commission on our invoice amount. Let's use a simple example.... Our invoice: £100 net + £20 vat = £120 gross Should they: a) calculate the amount owed to them on the gross invoice amount, then add vat on top of their...	Beck	2	1101	Thu Apr 30 15:53 2020 by Beck
	Vehicle Impounded - Tax deductible? (Preview) Client had a vehicle impounded by the Police for a serious motor offence. It's a sole trader vehicle, recorded as an asset, and was seized whilst returning from a work site. Release fee tax deductible or disallow? -- Edited by Leger on Tuesday 28th of April 2020 05:41:54 PM	Leger	6	1384	Thu Apr 30 07:37 2020 by Artois
	CIS rebate and Universal Credit (Preview) Does anyone know if getting a CIS rebate affects uc? Just had a client on phone who did a lot of self employment last year, worked employment for 3 weeks then self isolated (mild COPD) as soon as Covid struck. Applied for uc but got declined, applied again roughly 3 weeks later and got accepted. He's had...	Leger	2	1143	Wed Apr 29 18:28 2020 by johnhemming
	Amended return in Taxfiler (Preview) Just a quickie as on my phone, if someone (sole trader) has filed a return using HMRC software but messed it up can I now file an amended return using Taxfiler or does it have to be on the HMRC software?	Artois	4	1315	Tue Apr 28 18:28 2020 by Artois
	CJRS - more updates (Preview) https://www.icaew.com/insights/tax-news/2020/apr-2020/hmrc-updates-cjrs-guidance-again?fbclid=IwAR0fybDDbCPS1qsmPQ7n2zqhuBrpD...	Cheshire	4	1200	Mon Apr 27 19:43 2020 by Rachel19
	How to calculate CJRS (Preview) https://www.cipp.org.uk/resources/news/calculate-wage-figures-cjrs.html	Cheshire	4	1494	Sat Apr 25 10:14 2020 by Cheshire
	The HMRC Basic Tools payroll RTI at 19/20 Year End update won't load or work on my Mac for 20/21 (Preview) Background: The HMRC Basic Tools Payroll is just run here for 1 director so there is no point in getting say an expensive Sage system, and the free Government system has always sufficed for us over many years. However it just came up with a message that I could update ready for 20/21 so I thought right I'l...	spurs1952	2	1621	Fri Apr 24 07:40 2020 by spurs1952
	Self assessment - NI query (Preview) Just gone on agent account for a client - new SA client last tax year. Pulled the info from the agent portal (and same via Taxfiler) and its showing £159 in class 2 NI. Last year was nil due to being below the small profits threshold. This year will be the same, so no class 2 to pay. Business is ceased an...	Casu	2	1233	Wed Apr 22 17:22 2020 by Casu
	AIA creating a loss (Preview) Just want to check something out but I think this is ok. Subby client bought a van in the 19/20 tax year. He had mainly employed income with about 4k of self employed income, going forward he is self employed. After expenses his profit is £2.7k and if I claim AIA on the van it creates a loss of £5.5k. Am I r...	Leger	3	1724	Mon Apr 20 18:32 2020 by Leger
	Moneysoft covid furlough launch - CJRS (Preview) So what's been going on, what have I missed? Thank you to all those who PMd for for being MIA, so sorry if I worried anyone given my high risk position and last 11+ days of silence.......just bombed helping clients. Sorry for those who who thought they had got rid of me..... Anyway, just a quick shout out...	Cheshire	6	3514	Mon Apr 20 13:26 2020 by Leger
	CJRS - HMRC portal not working for more than 1 EE - known issue (Preview) Title says it all - also covered in the Moneysoft thread which contains the link for the portal.	Cheshire	1	1540	Mon Apr 20 11:24 2020 by Artois
	Furlough portal launch date earlier than original advised (Preview) Now 20th	Cheshire	24	2320	Sat Apr 18 10:09 2020 by Leger
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