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

Swweex · Swweex

Good Afternoon, I am trying to currently reconcile my clients VAT. The company is on cash accounting and I have created a Aged Debtors report on Sage that shows me what the VAT of each o/s item is. However with some of the balances, they have been written down as payments have been allocated against the o...

KHagland · KHagland

Hi everyone, So I have been working for a client since September and completed two VAT returns. One the second return thay are due a quite substantial VAT refund (over 100K), so unsurprisingly this has prompted a visit. This VAT return is an exception to their normal values as it includes a few invoic...

Noola · Noola

A client has received a letter regarding one of their employees saying that they are due a potential refund of NIC's. I have asked the client to check their payroll records for the full amount of NIC for the tax year 2011/2012 which this letter corresponds to. The amount they came back with is the amount...

Amanda · Amanda

Hi Guys, I know this has been covered before but I can't find exactly what I am looking for. I am taken on a new client from April for PAyroll, and its weekly payroll for 10 employees. I am undecided how to charge as at the moment I only do Directors of small companies and they are all monthly. (I use 12 Pay)...

Marky65 · Marky65

Hi I have a client, who is currently a sole trader who is combining his business with his fathers' also a sole trader and creating a limited company (they both carry out the same trade). Both of these businesses are VAT registered. How should they deal with the new limited company with regard to regist...

NA_AA · NA_AA

should VAT be charged on costs relating to office space which are being recharged to someone who occupies part of the office? if yes, what VAT notice can i refer to? i would have thought yes, but would like to know what VAT notice confirms this -- Edited by NA_AA on Thursday 14th of February 2013 08:58:4...

Rhianrach · Rhianrach

So it's been nearly a year since last time I asked, and as usual I can't figure whether I need a week 53. My last process date will be 06/04/13 so will this be a week 53 job. I'm thinking not, I believe it will be week 52 on 30/03/13 then week 1 on 06/04/13 but I could really do with confirmation if at all possibl...

NETTY200167 · NETTY200167

I have accidentally reconciled the vat return in Sage too early and have more invoices to post for that period. Is there anything I can do?

Britannia · Britannia

Hi I have just started working for a charity but have never actually done a VAT return because other jobs haven't had the requirement to do so. I understand the principles of input and output VAT and the difference between the two are either payable or refundable. Please could someone explain how...

NA_AA · NA_AA

I have a client who is VAT registered, however they do not charge VAT on all their sales. Is this correct? The following information may help: - Type of business - provides recruitment services within the Healthcare industry - Customers - Vary from private healthcare organisations to the NHS. e.g. s...

numbnumber · numbnumber

My client has business premises and a car park to accomodate 40 cars on an industrial estate. There are bird feeding stations on the perimeter and they buy bird seed by 25kg bags to feed the birds. Is this a tax deductable premises expense?

Mycroft · Mycroft

Hi there I have a client for whom I prepare his SA. I suspect he may have understated his income as his purchases by far exceed his turnover resulting in a large loss for gross profit and a even bigger one for net profit! He does his own bookkeeping and is unable to explain the loss. He is also VAT register...

Noola · Noola

If a company's payroll has a processing date of the 23rd January 2013, for which working days would this correspond to? Looking at a calendar, would the 23rd be the date they are actually paid for the days they worked the week commencing 14th January-20th January? And the payroll processed on the 30...

kjmcculloch83 · kjmcculloch83

Srange one, I have a client who works on an island in the north of scotland for months at a time. He is a self employed farm hand (the self employed bit is very questionable) he has recently bought a caravan to live in while there and wants to put it through he business. My gut says no, he would need to live s...

Mrspnut · Mrspnut

Hi, this is my first post but I am always looking here for advice. I have been given a sticky problem to unpick. A person bought a motorhome in Nov 2011, and part exchanged their old van. They were given an invoice detailing the part exchange, purchase price and outstanding balance which they paid. So fa...

ProBowlUK · ProBowlUK

Does anyone have a list of items on which charities can get the VAT refunded ?

Don Tax · Don Tax

Hi peeps, does anyone know off hand if I can set off approximately £8,500 accumulated b/f self employment losses against 2011/12 - £90,000 Capital Gains. Retirement Relief applies so the CGT bill is about £9,000. There is a loss in the 11/12 year of £2400 which I have set off against other income...

NA_AA · NA_AA

if you classify sales which are outside the scope of VAT or zero rated - does the sales value still appear in Box 6?

Cheshire · Cheshire

Hi all Ive just received a couple of invoices that date prior to a year end. I have completed my year end procedures although the Accountant has not collected the file yet to do the books/adjustments. Ive keyed the invoices on using the date of the invoices - should I also do some kind of adjustment to re...

MarkS · MarkS

I am sure there are some of you still in front of your computer still finalising tax returns. Dont worry you still have over 4 hours left. Plenty of time to knock out another dozen. Submitted my last 4 today. Have a total of 53 clients that am responsible for submitting tax returns for and only a week or s...

Topic		Started By	Replies	Views	Last Post
	Cash Accounting Report in Sage (Preview) Good Afternoon, I am trying to currently reconcile my clients VAT. The company is on cash accounting and I have created a Aged Debtors report on Sage that shows me what the VAT of each o/s item is. However with some of the balances, they have been written down as payments have been allocated against the o...	Swweex	0	984	Fri Feb 15 21:04 2013 by Swweex
	VAT inspection (Preview) Hi everyone, So I have been working for a client since September and completed two VAT returns. One the second return thay are due a quite substantial VAT refund (over 100K), so unsurprisingly this has prompted a visit. This VAT return is an exception to their normal values as it includes a few invoic...	KHagland	7	1382	Sat Feb 16 03:45 2013 by MarkS
	Potential refund of NIC letter from HMRC (Preview) A client has received a letter regarding one of their employees saying that they are due a potential refund of NIC's. I have asked the client to check their payroll records for the full amount of NIC for the tax year 2011/2012 which this letter corresponds to. The amount they came back with is the amount...	Noola	5	995	Fri Feb 15 21:24 2013 by Noola
	Charging Payroll when RTI comes into place (Preview) Hi Guys, I know this has been covered before but I can't find exactly what I am looking for. I am taken on a new client from April for PAyroll, and its weekly payroll for 10 employees. I am undecided how to charge as at the moment I only do Directors of small companies and they are all monthly. (I use 12 Pay)...	Amanda	7	992	Fri Feb 15 20:25 2013 by Don Tax
	VAT & New Limited Company (Preview) Hi I have a client, who is currently a sole trader who is combining his business with his fathers' also a sole trader and creating a limited company (they both carry out the same trade). Both of these businesses are VAT registered. How should they deal with the new limited company with regard to regist...	Marky65	2	650	Fri Feb 15 17:55 2013 by Marky65
	recharging someone for shared office space - VAT liability (Preview) should VAT be charged on costs relating to office space which are being recharged to someone who occupies part of the office? if yes, what VAT notice can i refer to? i would have thought yes, but would like to know what VAT notice confirms this -- Edited by NA_AA on Thursday 14th of February 2013 08:58:4...	NA_AA	1	1187	Fri Feb 15 17:43 2013 by leshoward
	I'm sorry Week 53 (Preview) So it's been nearly a year since last time I asked, and as usual I can't figure whether I need a week 53. My last process date will be 06/04/13 so will this be a week 53 job. I'm thinking not, I believe it will be week 52 on 30/03/13 then week 1 on 06/04/13 but I could really do with confirmation if at all possibl...	Rhianrach	3	662	Thu Feb 14 22:18 2013 by Marky65
	Vat return in Sage (Preview) I have accidentally reconciled the vat return in Sage too early and have more invoices to post for that period. Is there anything I can do?	NETTY200167	4	1012	Thu Feb 14 03:14 2013 by NETTY200167
	Reconciling VAT on sage (Preview) Hi I have just started working for a charity but have never actually done a VAT return because other jobs haven't had the requirement to do so. I understand the principles of input and output VAT and the difference between the two are either payable or refundable. Please could someone explain how...	Britannia	1	692	Wed Feb 13 21:05 2013 by Mrspnut
	should VAT be charged (Preview) I have a client who is VAT registered, however they do not charge VAT on all their sales. Is this correct? The following information may help: - Type of business - provides recruitment services within the Healthcare industry - Customers - Vary from private healthcare organisations to the NHS. e.g. s...	NA_AA	7	2859	Wed Feb 13 04:22 2013 by NA_AA
	Feeding the birds (Preview) My client has business premises and a car park to accomodate 40 cars on an industrial estate. There are bird feeding stations on the perimeter and they buy bird seed by 25kg bags to feed the birds. Is this a tax deductable premises expense?	numbnumber	16	1103	Mon Feb 11 20:27 2013 by Don Tax
	Understated income (Preview) Hi there I have a client for whom I prepare his SA. I suspect he may have understated his income as his purchases by far exceed his turnover resulting in a large loss for gross profit and a even bigger one for net profit! He does his own bookkeeping and is unable to explain the loss. He is also VAT register...	Mycroft	6	1022	Sun Feb 10 03:29 2013 by Truemanbrown
	Payroll dates again rrrrrrrr!! (Preview) If a company's payroll has a processing date of the 23rd January 2013, for which working days would this correspond to? Looking at a calendar, would the 23rd be the date they are actually paid for the days they worked the week commencing 14th January-20th January? And the payroll processed on the 30...	Noola	8	4531	Fri Feb 8 18:55 2013 by Noola
	Caravan - Business expense....or not (Preview) Srange one, I have a client who works on an island in the north of scotland for months at a time. He is a self employed farm hand (the self employed bit is very questionable) he has recently bought a caravan to live in while there and wants to put it through he business. My gut says no, he would need to live s...	kjmcculloch83	4	3335	Fri Feb 8 18:03 2013 by Shamus
	VAT adjustment for prior year (Preview) Hi, this is my first post but I am always looking here for advice. I have been given a sticky problem to unpick. A person bought a motorhome in Nov 2011, and part exchanged their old van. They were given an invoice detailing the part exchange, purchase price and outstanding balance which they paid. So fa...	Mrspnut	0	862	Thu Feb 7 21:03 2013 by Mrspnut
	Charities - VAT refunds ? (Preview) Does anyone have a list of items on which charities can get the VAT refunded ?	ProBowlUK	5	3429	Thu Feb 7 04:52 2013 by GillyP
	Self Employment Losses - Set off against CGT (Preview) Hi peeps, does anyone know off hand if I can set off approximately £8,500 accumulated b/f self employment losses against 2011/12 - £90,000 Capital Gains. Retirement Relief applies so the CGT bill is about £9,000. There is a loss in the 11/12 year of £2400 which I have set off against other income...	Don Tax	4	952	Thu Feb 7 04:38 2013 by Melanie
	VAT return box 6 (Preview) if you classify sales which are outside the scope of VAT or zero rated - does the sales value still appear in Box 6?	NA_AA	6	2485	Thu Feb 7 01:27 2013 by Rhianrach
	Invoices received post year end - how to key in Sage (Preview) Hi all Ive just received a couple of invoices that date prior to a year end. I have completed my year end procedures although the Accountant has not collected the file yet to do the books/adjustments. Ive keyed the invoices on using the date of the invoices - should I also do some kind of adjustment to re...	Cheshire	2	1141	Tue Feb 5 21:36 2013 by Cheshire
	everyone got tax returns done?? (Preview) I am sure there are some of you still in front of your computer still finalising tax returns. Dont worry you still have over 4 hours left. Plenty of time to knock out another dozen. Submitted my last 4 today. Have a total of 53 clients that am responsible for submitting tax returns for and only a week or s...	MarkS	25	10794	Mon Feb 4 23:31 2013 by kjmcculloch83
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