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

PW1980 · PW1980

Morning All,I have just picked up the bookkeeping for a friends used car dealership. I use sage but have never undertaken bookkeeping for a used car dealership and have never used the VAT marginal scheme also. So therefore I am a bit muddled on how to start the bookkeeping within sage? Would the ve...

Stardoe · Stardoe

Hi all, on this rather miserable rainy day in Essex! I have a client who does her own SA tax return (she has a Limited Company and is self employed). I have not studied SA yet but she has asked me a question. What happens when your financial year does not coincide with the tax year. i.e. her financial ye...

QBE Book-Keeping · QBE Book-Keeping

I have a client who's tax code was originally 810L. He has today received two tax codes, 408L and 408T. Why would his code change? And why would he receive two different codes? Which one is correct?

Noola · Noola

I have processed a P32 and the PAYE is coming out at a minus balance. Do they require a nil return or would you just calculate how much they are in credit for when the PAYE shows an actual balance? Also, I have added a new employee to a company with a P46 M1W1. His tax code is 810L but the system isn't deductin...

Noola · Noola

I've noticed in one of our client payrolls that sometimes employees pay doesn't have NIC deducted when its processed as a holiday. When trying to process the two weeks over Christmas as holiday pay there are no NIC contributions and I can't find any confirmation in the payroll records of any scheme in...

Princess · Princess

I'm sure this has probably been covered but I can't find anything that answers my question exactly. I have just taken on the bookkeeping for a ltd company which has one director. His last bookkeeper has put in a salary for the previous year for the director which is above the secondary threshold. Wou...

Georgie · Georgie

Hi everyone, Not sure what to charge someone who's first year of self assessment is from February 2012. As it will only be 2 months I have no idea what to charge...it's only a basic one with no property or dividends paid. Any ideas? Best wishes Georgie

Cheshire · Cheshire

Hi I have just taken over doing the books and the start date for the year showing in Sage is December 2007. Yes you read it correctly - 2007! The customer has used the same Accountant for years and they dont seem bothered. They dont update the book-keeper with year opening balances etc. No accrual/repa...

Noola · Noola

I have been told by a client that they want the payroll for the week ending 16th December running, this week ending 23rd December is to be paid in January so I need to miss that out and then the weeks ending 30th Decmber and the 6th January are to be completed this week as 3 weeks wages will be paid today. Woul...

candyzhu · candyzhu

<< All posts by poster deleted and posters ip address banned >> -- Edited by Shamus on Monday 17th of December 2012 12:10:00 PM

LouiseMcg · LouiseMcg

Hi , I have an expense claim for a colleague to be put onto sage, it has vat of 15%, what is the correct tax code to use? would it be T8? Thanks!

StuartAnder · StuartAnder

Hi Just want someone to check, I'm just helping my dad do his tax comp and return. He was employed more most of 2011/12 but was self employed for the last month of this tax yr (march) I assume he takes his p60 with his earning for that tax ur and works out his profit for the one month. Can he claim capital...

KMBbooks · KMBbooks

Hi, Just after some confirmation please. I once was told by an HMRC inspector that as a main contractor under CIS, you could claim the VAT back on materials recharged to you from a subcontractor who's not VAT registered as long as the original invoice is supplied to you. Is this true?! And if so, pres...

Just Fascinating · Just Fascinating

Hi Letting Agency with a maintenance department claiming VAT on purchases prior to registration date in a nutshell HMRC say that: Goods can be reclaimed for up to 4 years prior to registration as long as the goods are still held or used to make other goods still held at time of registration. (can't recl...

elizita · elizita

hi all, i have a customer who's starting a company and he wants to get just one employee, how i should to do the payroll with the only employee? Thanks -- Edited by elizita on Tuesday 11th of December 2012 09:34:36 PM

Noola · Noola

I have been asked to process bonuses of £10000 net and £5000 net in payroll which we're paid by cheque on 3rd and 4th December. Does this mean it will only be processed in next weeks payroll with a processing date of the 12th? (Last processing date was the 5th) and also do I just add a new payment as a bonus ma...

PC_8 · PC_8

Could someone please help me get my head around this situation. There are 2 LLP's which both have seperate vat numbers. LLP A pays for services and charges a portion of these to LLP B. LLP A also entertains clients of both LLP's so charges a % of this as well. LLP A cant reclaim vat on the client entertainm...

Ace · Ace

What exactly is our liabilities as tax agents when a client decideds to deregister their VAT? can we keep the registration but resign as the tax agent? Would gladly appreciate any suggestions. Cheers. -- Edited by Ace on Tuesday 11th of December 2012 08:55:19 AM

Newbie66 · Newbie66

Hi there - can I just run something passed anyone!! If I have a UPS invoice for Import Vat and Brokerage Surcharges am I right in thinking that I can claim the VAT element back? I know that this will sound like a ludicrous question to most of you but I just want to double check!! Thank you!

KimB · KimB

HI All. I am just about to complete my first self assesment for myself. I am confused about what capital allownce I can claim. I use my car for private and work. It is 4 years old and cost £9000 2nd hand. My computer is old and is used for private and business. Can any one help. many thanks Kim

Topic		Started By	Replies	Views	Last Post
	Car Dealership & VAT Margin Scheme (Preview) Morning All,I have just picked up the bookkeeping for a friends used car dealership. I use sage but have never undertaken bookkeeping for a used car dealership and have never used the VAT marginal scheme also. So therefore I am a bit muddled on how to start the bookkeeping within sage? Would the ve...	PW1980	3	6690	Thu Jan 3 00:57 2013 by fin6y
	SA Tax Return - financial year does not coincide with tax year (Preview) Hi all, on this rather miserable rainy day in Essex! I have a client who does her own SA tax return (she has a Limited Company and is self employed). I have not studied SA yet but she has asked me a question. What happens when your financial year does not coincide with the tax year. i.e. her financial ye...	Stardoe	7	1750	Tue Dec 25 04:17 2012 by Stardoe
	Tax codes (Preview) I have a client who's tax code was originally 810L. He has today received two tax codes, 408L and 408T. Why would his code change? And why would he receive two different codes? Which one is correct?	QBE Book-Keeping	2	3343	Sat Dec 22 18:25 2012 by Don Tax
	Minus balance on P32 - nil return? (Preview) I have processed a P32 and the PAYE is coming out at a minus balance. Do they require a nil return or would you just calculate how much they are in credit for when the PAYE shows an actual balance? Also, I have added a new employee to a company with a P46 M1W1. His tax code is 810L but the system isn't deductin...	Noola	0	1082	Thu Dec 20 19:14 2012 by Noola
	Holiday pay exempt from NI? (Preview) I've noticed in one of our client payrolls that sometimes employees pay doesn't have NIC deducted when its processed as a holiday. When trying to process the two weeks over Christmas as holiday pay there are no NIC contributions and I can't find any confirmation in the payroll records of any scheme in...	Noola	3	1254	Thu Dec 20 19:10 2012 by Noola
	directors, NI, PAYE (Preview) I'm sure this has probably been covered but I can't find anything that answers my question exactly. I have just taken on the bookkeeping for a ltd company which has one director. His last bookkeeper has put in a salary for the previous year for the director which is above the secondary threshold. Wou...	Princess	14	2047	Wed Dec 19 18:56 2012 by Princess
	Tax Return (Preview) Hi everyone, Not sure what to charge someone who's first year of self assessment is from February 2012. As it will only be 2 months I have no idea what to charge...it's only a basic one with no property or dividends paid. Any ideas? Best wishes Georgie	Georgie	35	5238	Wed Dec 19 12:40 2012 by Spamkebab
	Year end date in Sage is 2007!! How do I sort? (Preview) Hi I have just taken over doing the books and the start date for the year showing in Sage is December 2007. Yes you read it correctly - 2007! The customer has used the same Accountant for years and they dont seem bothered. They dont update the book-keeper with year opening balances etc. No accrual/repa...	Cheshire	2	845	Wed Dec 19 06:00 2012 by Cheshire
	Christmas payroll - missing this week out (Preview) I have been told by a client that they want the payroll for the week ending 16th December running, this week ending 23rd December is to be paid in January so I need to miss that out and then the weeks ending 30th Decmber and the 6th January are to be completed this week as 3 weeks wages will be paid today. Woul...	Noola	4	3922	Tue Dec 18 17:30 2012 by Noola
	Methods to picking a excellent guide (Preview) << All posts by poster deleted and posters ip address banned >> -- Edited by Shamus on Monday 17th of December 2012 12:10:00 PM	candyzhu	14	1241	Tue Dec 18 16:36 2012 by Spamkebab
	European VAT 15% (Preview) Hi , I have an expense claim for a colleague to be put onto sage, it has vat of 15%, what is the correct tax code to use? would it be T8? Thanks!	LouiseMcg	3	1225	Tue Dec 18 01:32 2012 by Robert Pearce
	Self employed for 1 mth of tax yr, just checking (Preview) Hi Just want someone to check, I'm just helping my dad do his tax comp and return. He was employed more most of 2011/12 but was self employed for the last month of this tax yr (march) I assume he takes his p60 with his earning for that tax ur and works out his profit for the one month. Can he claim capital...	StuartAnder	1	1233	Sun Dec 16 23:36 2012 by Don Tax
	Reclaiming VAT (Preview) Hi, Just after some confirmation please. I once was told by an HMRC inspector that as a main contractor under CIS, you could claim the VAT back on materials recharged to you from a subcontractor who's not VAT registered as long as the original invoice is supplied to you. Is this true?! And if so, pres...	KMBbooks	1	1216	Fri Dec 14 18:35 2012 by Robert Pearce
	Letting Agency claiming VAT on purchases prior to registration date?? (Preview) Hi Letting Agency with a maintenance department claiming VAT on purchases prior to registration date in a nutshell HMRC say that: Goods can be reclaimed for up to 4 years prior to registration as long as the goods are still held or used to make other goods still held at time of registration. (can't recl...	Just Fascinating	3	2248	Wed Dec 12 20:59 2012 by leshoward
	new company (Preview) hi all, i have a customer who's starting a company and he wants to get just one employee, how i should to do the payroll with the only employee? Thanks -- Edited by elizita on Tuesday 11th of December 2012 09:34:36 PM	elizita	0	990	Tue Dec 11 21:21 2012 by elizita
	Tax and NI on bonus (Preview) I have been asked to process bonuses of £10000 net and £5000 net in payroll which we're paid by cheque on 3rd and 4th December. Does this mean it will only be processed in next weeks payroll with a processing date of the 12th? (Last processing date was the 5th) and also do I just add a new payment as a bonus ma...	Noola	9	1688	Tue Dec 11 21:19 2012 by Noola
	VAT on cross charges (Preview) Could someone please help me get my head around this situation. There are 2 LLP's which both have seperate vat numbers. LLP A pays for services and charges a portion of these to LLP B. LLP A also entertains clients of both LLP's so charges a % of this as well. LLP A cant reclaim vat on the client entertainm...	PC_8	7	1506	Tue Dec 11 19:59 2012 by VATman
	LIABILITIES OF A TAX AGENT (Preview) What exactly is our liabilities as tax agents when a client decideds to deregister their VAT? can we keep the registration but resign as the tax agent? Would gladly appreciate any suggestions. Cheers. -- Edited by Ace on Tuesday 11th of December 2012 08:55:19 AM	Ace	0	1008	Mon Dec 10 14:09 2012 by Ace
	Import VAT (Preview) Hi there - can I just run something passed anyone!! If I have a UPS invoice for Import Vat and Brokerage Surcharges am I right in thinking that I can claim the VAT element back? I know that this will sound like a ludicrous question to most of you but I just want to double check!! Thank you!	Newbie66	4	3794	Mon Dec 10 01:00 2012 by betty121
	capital allowance help please (Preview) HI All. I am just about to complete my first self assesment for myself. I am confused about what capital allownce I can claim. I use my car for private and work. It is 4 years old and cost £9000 2nd hand. My computer is old and is used for private and business. Can any one help. many thanks Kim	KimB	4	1257	Sun Dec 9 19:28 2012 by KimB
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