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

NA_AA · NA_AA

when on maternity leave, receiving reduced maternity pay - how does this impact your personal allowance?

Just Fascinating · Just Fascinating

Hi Having spent ages trying to find the answer on HMRC and previous posts, I'm hoping you'll be able to direct me quicker. If your business also sells training/courses/workshops which includes catering (lunhes, coffee, etc...) at these events is the catering element treated as entertainment a...

EagleEducation · EagleEducation

http://www.aatcomment.org.uk/aat-developing-your-business/tax/how-starbucks-facebook-pay-low-uk-tax

Georgie · Georgie

Hi I have a friend who has just become a Director of his own limited company. I am a bit confused regarding the proceedure for PAYE, I know he is entitled to pay himself £624 a month but can I just post that as an expense or do I need to register him for PAYE and then run a payroll each month? If someone could tel...

Sammy76 · Sammy76

I have been asked to do a journal DR Net Wages (Balance sheet) CR Gross wages (P&L) What does this mean? It has been a really long week and my brain is not working anymore. Why are Balance sheet and P&L in brackets?

K12345 · K12345

Hi, I may of missed something here but I am a little confused by a new client's question. A friend of mine has just bought a local cafe business and has asked me to do her books, payroll etc which I have agreed to. She said the Solicitor asked her to contact her accountant and enquire about the fixed assets...

phoenix debola · phoenix debola

Hi All Although a point of sale retail scheme is probably more appropriate, I wonder if anyone knows if it is possible to operate a flat rate scheme for a retail business (cafe) that is vat registered but does not issue vat invoices. Its supplies are mostly standard rated. Thanks P

Pennant · Pennant

Hi, I wonder if anyone could shed some light on a scenario for me. I have a client who is a property developer. He has an invoice from a contractor who is registrered with Cis as a partnership, they also have one employee on (Paye & Ni) The invoice for one month comes to (lets say) £4000 (100% labour i...

Peasie · Peasie

Say a company does work (mostly labour) on a new build. Should they invoice the person as normal including VAT and it is up that person to reclaim the VAT. Or do they issue an invoice with VAT at the zero rate? Do they need any certificate from the owner of the property if is is to be a zero rated invoice? I'll...

PW1980 · PW1980

Hello, any suggestions would be greatly appreciated. Client is on Cash Accounting (not sure if that will make a difference to the answer or not) I have incorrectly posted a client payment against the wrong sales invoice, this payment has been bank recd and also VAT reconciled. As a result when I u...

Noola · Noola

I work in an accountants as a payroll clerk and took over the payroll on 1st October. I sent an email to a client before running Octobers payroll last week to ask if there had been any changes within the month. He told me that one employee had started back on 17th October. She had left on 16th September but...

PW1980 · PW1980

Afternoon all, Another holiday calculation question Im struggling with i'm afraid. Client hasnt specified in her contract of employment how holiday pay will be calculated and is now looking for a viable solution to implement. The employees work variable hrs each month and for all employees...

Earnest · Earnest

Hi When claiming bad debt relief is the net amount of the bad debt added to box 7? Thanks

KAZ · KAZ

Hi, I need to reconcile some historical VAT data (previously processed manually) in SAGE. Is there any way of marking the entries as reconciled without raising a VAT Return? Data goes back two years, was all reconciled and paid at the time.

lesley_123 · lesley_123

It's the first time I've come across a VAT certificate!... and I'm unsure where to post it on Sage. Can someone please advise - Many Thanks.

Eva123 · Eva123

Hello, I am very new here, would like to ask you - does anyone using HSBC Financing please? How should I submit VAT? 1. Should I use cashbooks VAT report? If I use report only from cashbooks then actuall money what we received from HSBC Financing will not be shown. Because we are paying VAT For already...

Enso · Enso

Hi, I am doing the bookkeeping for a self-employed trainer. She has a credit card that has cashback. I see from her statements that there is a cashback figure each month. Would I account for it as income, which is therefore taxable? Or, would it be classed as a rebate so it just reduces the cost of expense...

jenand · jenand

Hi, We have recently joined the local Chamber of Commerce and they have sent us information about joining Westfield Health Plan. In the info it state Westfield can be offset against corporation tax. My manager has asked me to look into this and asked how much can be offset? My thought is it is just an all...

Enso · Enso

Hello forum, For about a year now I have been doing the bookkeeping for a small housing association. I am now helping a friend manage her bookkeeping and it is quite different from doing a Housing Association to a person thats self employed. So far I have created a cashbook and pettycash spreadsheet. I...

Princess · Princess

Hi, I've recently taken on a few new clients who are VAT registered Ltd companies. All of them have expenses from outside of the UK, mostly Europe but not all. My main source of knowledge on VAT comes from the AAT text book which seems limited. Can anyone recommend a good text book I can get to make me mo...

Topic		Started By	Replies	Views	Last Post
	Maternity - impact on personal allowance (Preview) when on maternity leave, receiving reduced maternity pay - how does this impact your personal allowance?	NA_AA	4	997	Mon Nov 12 18:32 2012 by semsley
	Tax? business sells training/courses/workshops which includes catering (Preview) Hi Having spent ages trying to find the answer on HMRC and previous posts, I'm hoping you'll be able to direct me quicker. If your business also sells training/courses/workshops which includes catering (lunhes, coffee, etc...) at these events is the catering element treated as entertainment a...	Just Fascinating	3	1344	Sun Nov 11 18:08 2012 by Shamus
	Tax avoidance (Preview) http://www.aatcomment.org.uk/aat-developing-your-business/tax/how-starbucks-facebook-pay-low-uk-tax	EagleEducation	7	1299	Sat Nov 10 17:00 2012 by Dalbir
	Director and PAYE (Preview) Hi I have a friend who has just become a Director of his own limited company. I am a bit confused regarding the proceedure for PAYE, I know he is entitled to pay himself £624 a month but can I just post that as an expense or do I need to register him for PAYE and then run a payroll each month? If someone could tel...	Georgie	21	2470	Fri Nov 9 22:07 2012 by Rhianrach
	Brain not working today (Preview) I have been asked to do a journal DR Net Wages (Balance sheet) CR Gross wages (P&L) What does this mean? It has been a really long week and my brain is not working anymore. Why are Balance sheet and P&L in brackets?	Sammy76	2	1131	Thu Nov 8 21:44 2012 by Sammy76
	New Client- fixed assets and tax! (Preview) Hi, I may of missed something here but I am a little confused by a new client's question. A friend of mine has just bought a local cafe business and has asked me to do her books, payroll etc which I have agreed to. She said the Solicitor asked her to contact her accountant and enquire about the fixed assets...	K12345	5	2416	Wed Nov 7 20:54 2012 by gbm
	STANDARD RETAIL SCHEMES VS FLAT RATE - VAT (Preview) Hi All Although a point of sale retail scheme is probably more appropriate, I wonder if anyone knows if it is possible to operate a flat rate scheme for a retail business (cafe) that is vat registered but does not issue vat invoices. Its supplies are mostly standard rated. Thanks P	phoenix debola	2	1576	Wed Nov 7 04:36 2012 by phoenix debola
	Cis/Paye (Preview) Hi, I wonder if anyone could shed some light on a scenario for me. I have a client who is a property developer. He has an invoice from a contractor who is registrered with Cis as a partnership, they also have one employee on (Paye & Ni) The invoice for one month comes to (lets say) £4000 (100% labour i...	Pennant	5	1539	Tue Nov 6 21:50 2012 by Tom McClelland
	Simple VAT query - zero rated new builds (Preview) Say a company does work (mostly labour) on a new build. Should they invoice the person as normal including VAT and it is up that person to reclaim the VAT. Or do they issue an invoice with VAT at the zero rate? Do they need any certificate from the owner of the property if is is to be a zero rated invoice? I'll...	Peasie	5	3239	Fri Nov 2 20:48 2012 by Peasie
	How to rectify/correct in sage. (Preview) Hello, any suggestions would be greatly appreciated. Client is on Cash Accounting (not sure if that will make a difference to the answer or not) I have incorrectly posted a client payment against the wrong sales invoice, this payment has been bank recd and also VAT reconciled. As a result when I u...	PW1980	1	1385	Fri Nov 2 19:46 2012 by MarkS
	Payroll - not told by client about someone leaving and starting and taking holidays (Preview) I work in an accountants as a payroll clerk and took over the payroll on 1st October. I sent an email to a client before running Octobers payroll last week to ask if there had been any changes within the month. He told me that one employee had started back on 17th October. She had left on 16th September but...	Noola	10	921	Fri Nov 2 19:03 2012 by Noola
	Holiday entitlement for employees with variable hrs. (Preview) Afternoon all, Another holiday calculation question Im struggling with i'm afraid. Client hasnt specified in her contract of employment how holiday pay will be calculated and is now looking for a viable solution to implement. The employees work variable hrs each month and for all employees...	PW1980	8	2107	Fri Nov 2 18:39 2012 by semsley
	Box 7 on the VAT Return (Preview) Hi When claiming bad debt relief is the net amount of the bad debt added to box 7? Thanks	Earnest	7	1916	Fri Nov 2 00:36 2012 by Earnest
	Reconcile Historical VAT in SAGE (Preview) Hi, I need to reconcile some historical VAT data (previously processed manually) in SAGE. Is there any way of marking the entries as reconciled without raising a VAT Return? Data goes back two years, was all reconciled and paid at the time.	KAZ	2	901	Thu Nov 1 21:55 2012 by Rhianrach
	Monthly VAT Certificate... Best place to post on Sage please? (Preview) It's the first time I've come across a VAT certificate!... and I'm unsure where to post it on Sage. Can someone please advise - Many Thanks.	lesley_123	14	9629	Thu Nov 1 06:05 2012 by lesley_123
	HSBC Financing and VAT return (Preview) Hello, I am very new here, would like to ask you - does anyone using HSBC Financing please? How should I submit VAT? 1. Should I use cashbooks VAT report? If I use report only from cashbooks then actuall money what we received from HSBC Financing will not be shown. Because we are paying VAT For already...	Eva123	2	929	Wed Oct 31 22:12 2012 by Eva123
	Cashback on credit card. Is it income or a rebate from the credit card issuer? Cashback credit cards self assessment (Preview) Hi, I am doing the bookkeeping for a self-employed trainer. She has a credit card that has cashback. I see from her statements that there is a cashback figure each month. Would I account for it as income, which is therefore taxable? Or, would it be classed as a rebate so it just reduces the cost of expense...	Enso	1	8752	Wed Oct 31 20:59 2012 by Brewsie
	Westfield Health Plan offset against Corporation tax? (Preview) Hi, We have recently joined the local Chamber of Commerce and they have sent us information about joining Westfield Health Plan. In the info it state Westfield can be offset against corporation tax. My manager has asked me to look into this and asked how much can be offset? My thought is it is just an all...	jenand	0	696	Wed Oct 31 11:12 2012 by jenand
	Self Assessment Tax - How do I account for it. Self assessment Tax NIC (Preview) Hello forum, For about a year now I have been doing the bookkeeping for a small housing association. I am now helping a friend manage her bookkeeping and it is quite different from doing a Housing Association to a person thats self employed. So far I have created a cashbook and pettycash spreadsheet. I...	Enso	6	9378	Wed Oct 31 00:13 2012 by HendyPhilhendy
	Vat books (Preview) Hi, I've recently taken on a few new clients who are VAT registered Ltd companies. All of them have expenses from outside of the UK, mostly Europe but not all. My main source of knowledge on VAT comes from the AAT text book which seems limited. Can anyone recommend a good text book I can get to make me mo...	Princess	4	8729	Sun Oct 28 20:59 2012 by Princess
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