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

fabs79 · fabs79

Hi, I haven't found any post related to this.I'm talking to a friend that has a UK business that is VAT registered in the UK and currently using the flat rate scheme. The business is an IT consultancy and they now decided to start developing their own software and selling it via their web site. They are no...

GillyP · GillyP

Hi all, I have recently taken on a client who does subcontract work for an estate agent (he is an electrician). He has been invoicing them in full, and when they make payment, they deduct 12.5% as a preferred supplier discount. Now, I looked this up on hmrc website, and advised him that he should be sho...

Peasie · Peasie

I have a client that is a few years behind with their paperwork. I've still to ascertain how far behind they are and will probably only find out when I've been authorised to act on her behalf as regards VAT and Self Assessment. For VAT she is probably at least three years behind. I've seen assessments and...

lor · lor

I have my first client on the above scheme. Want to clarify how to post in the accounts so that I have the correct figures in the p and l and bal sheet as I am also doing his year end accounts. They are on a rate of 13.5%. first year discount of 1 % included. e.g. sales £5000.00 vat £1000 total £6000 how would thi...

Cheshire · Cheshire

Hello All Im trying to prepare some sole trader accounts and a tax return. There is an invoice dated 10 April but work was completed in March. Now my brain is telling me that invoice would be reflected in 'accrued' income in the balance sheet, so I need to:- 1) Key the invoice as normal with 10 April date...

Vicki Newman · Vicki Newman

Hi, My client (who has just started up) has had a cabin erected in her back garden. This cabin has been solely purchased for her to run her counselling/therapy business from and nothing else. Is this, along with the furniture and fixing costs allowed as a capital allowance? I have researched on HMRC b...

Jay · Jay

Good evening all. My client rented out one property for a number of years. He decided to sell the property; his CGT will be small, due to the property price situation at present. He now only has a state pension. With regard to the income from property, this ran at a loss for the final year. Can these losse...

Cheshire · Cheshire

Hello Can the following be deducted as allowable expenses for a Self Assessment return for people working from home:-CoffeeMilkCleaning materialsToilet roll (Perhaps even based on a percentage of personal/business as with anything else - eg 60% of milk bills etc?)

Noola · Noola

Can anyone tell me if I'm right in what I'm thinking please. One company I run the payroll for, say for instance a member of staff is going on holiday for a week from 15th July to 21st July. The week before for the week ending the 14th July, the employer will tell me to run one weeks full pay plus one weeks hol...

Cheshire · Cheshire

Hi Guys I read the article that was emailed out today and the link provided to HMRC, which states that it must be '' easy for VAT officers to check, and the figures that you have used to fill in your VAT Return must be easy to reconcile''. I wondered what the forums view is on this - do people print out any re...

FoxAccountancyServices · FoxAccountancyServices

I've taken on a new client, and I just want to run this scenario by the tax bods, to see what their comments are... Sole trader turns into Ltd Co Sole trader van, already 100% w/o for capital allowances, is not transferred into the company name via reg certificate, and no market value sales proceeds are...

Don Tax · Don Tax

Hi all. There's one client for whom I am not getting a weekly email receipt from the Government Gateway. He is on our online list and I am 90% sure we originally did an FBI2 agent authorisation along with the others. All the Agent Details at my end are the same as clients for whom I am getting a receipt. Any...

NickyW · NickyW

Hello there - I wonder if anyone can help me? I am helping a friend out with her bookkeeping and she had a purchase invoice from a VAT registered Irish supplier. When she put this on Sage, she put it on with the VAT code T7. She has just ran the VAT return and the figure came out in Box 9 of the VAT return. Am I rig...

Georgie · Georgie

Hi, Seems ironic that a company that doesn't pay it's fair share of tax still insists in taxing it's employees too much!! ... Rest of this deleted because I don't want my daughter losing her job! Georgie -- Edited by Georgie on Friday 12th of July 2013 11:46:50 AM -- Edited by Georgie on Friday 12th of Ju...

Princess · Princess

I set up a new employee without his P45 and Moneysoft indicated he should be on 944L W1M1. He has now given me his P45 which has a different tax code on it. Should I change the tax code to the one on the P45 or leave it until HMRC tells me to change it? Thanks

Stardoe · Stardoe

Hi all.....hope you're all enjoying this hot weather (I'm not...lol) Just to say that this is slightly outside my level of experience and qualification, but was just posing the question as I had been thinking about it for one of my clients. Obviously I would point her in the direction of her accounta...

Beverley · Beverley

Hello all can anybody tell me if there is something on sage to say you are no longer an employer? I'm sure I saw something somewhere that you ticked if no longer an employer...although I could have been dreaming.

clairet · clairet

Morning everyone I have a client who has been refurbishing a pub, which opened at the weekend in a flurry of confusion and last-minute problems. I have a PAYE scheme set up for them, and told them in no uncertain terms to pay nothing until the timesheets had gone through me. Having collected the first lo...

Noola · Noola

I have a retirement scheme payroll whereby every June the director and his wife are advised by a faniance company what their annual drawdown will be. I am given these figures to process this payment in the payroll system. My processing date was 30th June 2013 for the whole annual amount. I processed,...

Marky65 · Marky65

Hi I have a client who has a customer based in France and they have invoiced them for services which will be carried out in the UK. They have received the VAT number from the customer and quoted it on the invoice. Can I just check whether I should complete an EC Sales List VAT 101 as the supply takes place in t...

Topic		Started By	Replies	Views	Last Post
	Charge VAT on online sales vat on online sales (Preview) Hi, I haven't found any post related to this.I'm talking to a friend that has a UK business that is VAT registered in the UK and currently using the flat rate scheme. The business is an IT consultancy and they now decided to start developing their own software and selling it via their web site. They are no...	fabs79	4	7274	Wed Jul 24 05:35 2013 by JulieS
	Preferred Supplier discount - how to account for it?? (Preview) Hi all, I have recently taken on a client who does subcontract work for an estate agent (he is an electrician). He has been invoicing them in full, and when they make payment, they deduct 12.5% as a preferred supplier discount. Now, I looked this up on hmrc website, and advised him that he should be sho...	GillyP	9	1230	Wed Jul 24 03:22 2013 by Shamus
	VAT Returns - can you skip one out and do the latest one first? (Preview) I have a client that is a few years behind with their paperwork. I've still to ascertain how far behind they are and will probably only find out when I've been authorised to act on her behalf as regards VAT and Self Assessment. For VAT she is probably at least three years behind. I've seen assessments and...	Peasie	12	3286	Sun Jul 21 22:35 2013 by Amanda
	vat flat rate scheme (Preview) I have my first client on the above scheme. Want to clarify how to post in the accounts so that I have the correct figures in the p and l and bal sheet as I am also doing his year end accounts. They are on a rate of 13.5%. first year discount of 1 % included. e.g. sales £5000.00 vat £1000 total £6000 how would thi...	lor	11	3846	Sat Jul 20 00:59 2013 by FoxAccountancyServices
	Acrrued income? Input help? HOT! (Preview) Hello All Im trying to prepare some sole trader accounts and a tax return. There is an invoice dated 10 April but work was completed in March. Now my brain is telling me that invoice would be reflected in 'accrued' income in the balance sheet, so I need to:- 1) Key the invoice as normal with 10 April date...	Cheshire	7	883	Fri Jul 19 21:48 2013 by FoxAccountancyServices
	Allowable for Capital Allowance? (Preview) Hi, My client (who has just started up) has had a cabin erected in her back garden. This cabin has been solely purchased for her to run her counselling/therapy business from and nothing else. Is this, along with the furniture and fixing costs allowed as a capital allowance? I have researched on HMRC b...	Vicki Newman	8	5174	Fri Jul 19 01:33 2013 by Vicki Newman
	Losses in final year of income from property (Preview) Good evening all. My client rented out one property for a number of years. He decided to sell the property; his CGT will be small, due to the property price situation at present. He now only has a state pension. With regard to the income from property, this ran at a loss for the final year. Can these losse...	Jay	2	1603	Thu Jul 18 00:23 2013 by Jay
	Allowable expenses for self assessment (Preview) Hello Can the following be deducted as allowable expenses for a Self Assessment return for people working from home:-CoffeeMilkCleaning materialsToilet roll (Perhaps even based on a percentage of personal/business as with anything else - eg 60% of milk bills etc?)	Cheshire	12	2150	Wed Jul 17 01:56 2013 by Jay
	Employer constantly trying to get tax rebates for staff (Preview) Can anyone tell me if I'm right in what I'm thinking please. One company I run the payroll for, say for instance a member of staff is going on holiday for a week from 15th July to 21st July. The week before for the week ending the 14th July, the employer will tell me to run one weeks full pay plus one weeks hol...	Noola	1	1425	Tue Jul 16 22:49 2013 by ChrisBolton
	Visits by HMRC VAT officers - What to expect. Query re recent bookkeepers forum article (Preview) Hi Guys I read the article that was emailed out today and the link provided to HMRC, which states that it must be '' easy for VAT officers to check, and the figures that you have used to fill in your VAT Return must be easy to reconcile''. I wondered what the forums view is on this - do people print out any re...	Cheshire	17	1418	Mon Jul 15 18:04 2013 by Cheshire
	When is a company asset not a company asset ;) (Preview) I've taken on a new client, and I just want to run this scenario by the tax bods, to see what their comments are... Sole trader turns into Ltd Co Sole trader van, already 100% w/o for capital allowances, is not transferred into the company name via reg certificate, and no market value sales proceeds are...	FoxAccountancyServices	0	722	Sat Jul 13 18:10 2013 by FoxAccountancyServices
	Is anyone not gettings FPS email confirmations ? (Preview) Hi all. There's one client for whom I am not getting a weekly email receipt from the Government Gateway. He is on our online list and I am 90% sure we originally did an FBI2 agent authorisation along with the others. All the Agent Details at my end are the same as clients for whom I am getting a receipt. Any...	Don Tax	0	1340	Fri Jul 12 23:21 2013 by Don Tax
	VAT on EC Acquisitions and filing through Sage (Preview) Hello there - I wonder if anyone can help me? I am helping a friend out with her bookkeeping and she had a purchase invoice from a VAT registered Irish supplier. When she put this on Sage, she put it on with the VAT code T7. She has just ran the VAT return and the figure came out in Box 9 of the VAT return. Am I rig...	NickyW	2	1875	Sat Jul 13 00:24 2013 by FoxAccountancyServices
	Starbucks The Tax Evaders (Preview) Hi, Seems ironic that a company that doesn't pay it's fair share of tax still insists in taxing it's employees too much!! ... Rest of this deleted because I don't want my daughter losing her job! Georgie -- Edited by Georgie on Friday 12th of July 2013 11:46:50 AM -- Edited by Georgie on Friday 12th of Ju...	Georgie	5	759	Fri Jul 12 23:31 2013 by Don Tax
	P45 arrived late - Moneysoft tax code change? (Preview) I set up a new employee without his P45 and Moneysoft indicated he should be on 944L W1M1. He has now given me his P45 which has a different tax code on it. Should I change the tax code to the one on the P45 or leave it until HMRC tells me to change it? Thanks	Princess	6	3769	Fri Jul 12 20:27 2013 by Princess
	Offsetting Company prior year losses against profits (Preview) Hi all.....hope you're all enjoying this hot weather (I'm not...lol) Just to say that this is slightly outside my level of experience and qualification, but was just posing the question as I had been thinking about it for one of my clients. Obviously I would point her in the direction of her accounta...	Stardoe	1	1215	Fri Jul 12 07:21 2013 by MarkS
	Cease being an employer (Preview) Hello all can anybody tell me if there is something on sage to say you are no longer an employer? I'm sure I saw something somewhere that you ticked if no longer an employer...although I could have been dreaming.	Beverley	3	773	Fri Jul 12 03:16 2013 by Beverley
	Cash wages (Preview) Morning everyone I have a client who has been refurbishing a pub, which opened at the weekend in a flurry of confusion and last-minute problems. I have a PAYE scheme set up for them, and told them in no uncertain terms to pay nothing until the timesheets had gone through me. Having collected the first lo...	clairet	4	747	Thu Jul 11 03:16 2013 by Amanda
	Rollback on an annual payroll. How do I update FPS? (Preview) I have a retirement scheme payroll whereby every June the director and his wife are advised by a faniance company what their annual drawdown will be. I am given these figures to process this payment in the payroll system. My processing date was 30th June 2013 for the whole annual amount. I processed,...	Noola	1	822	Wed Jul 10 18:53 2013 by Tom McClelland
	EC Sales List - VAT 101 (Preview) Hi I have a client who has a customer based in France and they have invoiced them for services which will be carried out in the UK. They have received the VAT number from the customer and quoted it on the invoice. Can I just check whether I should complete an EC Sales List VAT 101 as the supply takes place in t...	Marky65	8	5841	Tue Jul 9 20:56 2013 by Marky65
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