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

Newbie66 · Newbie66

Hi there - can anyone out there help me! I am just about to submit a VAT return. The sales tax comes to £778 and the net value of sales comes to £10631. This is due to the fact that there were 2 invoices both for about £3k each which were invoiced to Russia and Norway at 0% VAT. My question is will HMRC see these...

Rhianrach · Rhianrach

An employee has paid for an item he got direct from a supplier direct from his wages. I have deducted it after tax so that bit is ok. The invoice for the item will be posted as normal to nominal x. When I post the wages journal would I be correct in posting the portion that he has paid for the item to the nominal...

Tom Henderson · Tom Henderson

Hi all, A friend and I are starting a Self Storage company in Swansea and we're both keen to make our money go as far as it possibly can. We've pitted suppliers against each other and searched tirelessly for the best industrial unit to house ourselves and we're now discussing details with banks for fina...

Stuartbham · Stuartbham

One of my clients has just taken on their first subcontractor to assist them with a new cleaning contract. I appreciate it's not in the building industry but would they need to register as a contractor for CIS? Cheers.

NA_AA · NA_AA

If someone who is employed has taken out a dividend from their personal business which they work on in their own time - then by taking out a dividend, will this trigger something off with the employer, and will they somehow find out throught the payroll that their employee is receiving other inco...

KAZ · KAZ

My client was a sole trader before selling the company and it becoming a limited company and him remaining as a director. During the period of sole trading, a supplier invoice was in dispute, a court order was made after the company went limited and the Judge decreed that the VAT could be claimed back (l...

Kate1 · Kate1

Hi, I'm hoping someone can help clarify something for me. I do the payroll for a small business and I'm having a disagreement with one of the employees about what tax documents they can expect for the tax year 2011/12. The same business changed company names throughout the tax year, so from April to Ma...

Peasie · Peasie

Ok - I have a client whose turnover was over £73,000 in February 2012 so they had to register for VAT from 1st April. By this time the threshold was £77,000 (de-registering threshold £75,000). They buy food at zero rate and now have to sell it at standard rate. They have said they can't put the prices up an...

Jo Gordon · Jo Gordon

Hi I'm not great on tax, so would appreciate some guidance... I have a client who set up a limited company, and is just starting out as an electrician. He's trying to purchase a van and called me today to run something by me. He's being told by the bank and the garage that he'll struggle to get any finance...

KimB · KimB

I have a client that has 3 quite larger bad debts(they do not want to take the companies to court)They want me to write them off and claim the vat back. Any help on how the best way to do this would be appriciated.

lindab · lindab

Hi All, I have a client who has been employed for around 9 months of the year, and self employed, as a courier, for only 2 months, to 5th April 2012. Obviously he now has to complete a tax return, and I'm just wondering which is the best way to do it. A local accountant says to estimate the profit for the 2 m...

Anni B Potts · Anni B Potts

Is it just me, or won't QuickBooks accept a temporary NI number? Many thanks

NA_AA · NA_AA

What are the main reasons why many book-keepers avoid taking on payroll work?

richy85 · richy85

Hi, I have just registered my first business, but my work means that I can do all sorts of different jobs - from web design to photogrpahy to video editing to software development. Do I need to register each as a different entity or can they all come under the same business? It would be easier to fill out th...

Mary-Anne · Mary-Anne

Hi Everyone, Can someone please help me? If a VAT registered company sells one of their company vehicles privately do they still have to add on VAT? Regards Mary-Anne

dockerill · dockerill

Hi I have a client, who has brought his annual accounts to me (up to mar12). His annual turnover has gone over the vat threshold of £77k, looking back at his annual turnover, it went over last Aug. Have no experience of this ! If he registers now, how will hmrc deal with sales from aug ! has loads of invoice...

NA_AA · NA_AA

Why would someone all of a sudden decide to start paying themselves a dividend and stop paying a salary? What are the benefits? What are the drawbacks?

Karolle_ · Karolle_

HMRC on P35 asks the question "Are you service company?"if company is supplying construction services as intermediary: gets works and payments from contractor company and itself employs 10 sub-contractors builders who work under cis,so pays them 80%, director and administrato...

meldowie · meldowie

Hi everyone. I was wondering if anyone can help me with an issue. I have a client who bought a second hand car last quarter. He uses the fuel scale charge for the petrol so vat is claimed on petrol and then run through a fuel scale charge for VAT return. The car was bought as "business use" be...

james1975 · james1975

Hello all. Would be most grateful if anyone can help with this question Im a sole trader, Turnover relatively small so not VAT registered. If I buy goods from Germany (to sell in UK) which include 19% VAT, which boxes would I fill in for this on a Self assesment Tax Return? Do I have to somehow convert t...

Topic		Started By	Replies	Views	Last Post
	VAT Return (Preview) Hi there - can anyone out there help me! I am just about to submit a VAT return. The sales tax comes to £778 and the net value of sales comes to £10631. This is due to the fact that there were 2 invoices both for about £3k each which were invoiced to Russia and Norway at 0% VAT. My question is will HMRC see these...	Newbie66	3	1306	Wed May 2 01:35 2012 by Newbie66
	post tax deductions (Preview) An employee has paid for an item he got direct from a supplier direct from his wages. I have deducted it after tax so that bit is ok. The invoice for the item will be posted as normal to nominal x. When I post the wages journal would I be correct in posting the portion that he has paid for the item to the nominal...	Rhianrach	4	2431	Tue May 1 01:03 2012 by Stardoe
	VAT. Best practice for a new start, self storage firm. (Preview) Hi all, A friend and I are starting a Self Storage company in Swansea and we're both keen to make our money go as far as it possibly can. We've pitted suppliers against each other and searched tirelessly for the best industrial unit to house ourselves and we're now discussing details with banks for fina...	Tom Henderson	14	6386	Tue May 1 00:02 2012 by Tom Henderson
	CIS on commercial cleaning services (Preview) One of my clients has just taken on their first subcontractor to assist them with a new cleaning contract. I appreciate it's not in the building industry but would they need to register as a contractor for CIS? Cheers.	Stuartbham	2	2933	Mon Apr 30 23:31 2012 by Stuartbham
	Taking a dividend whilst employed (Preview) If someone who is employed has taken out a dividend from their personal business which they work on in their own time - then by taking out a dividend, will this trigger something off with the employer, and will they somehow find out throught the payroll that their employee is receiving other inco...	NA_AA	1	1076	Sat Apr 28 19:29 2012 by Shamus
	VAT Reclaim (Preview) My client was a sole trader before selling the company and it becoming a limited company and him remaining as a director. During the period of sole trading, a supplier invoice was in dispute, a court order was made after the company went limited and the Judge decreed that the VAT could be claimed back (l...	KAZ	2	1151	Fri Apr 27 23:27 2012 by KAZ
	p45's & p6o's (Preview) Hi, I'm hoping someone can help clarify something for me. I do the payroll for a small business and I'm having a disagreement with one of the employees about what tax documents they can expect for the tax year 2011/12. The same business changed company names throughout the tax year, so from April to Ma...	Kate1	9	4433	Fri Apr 27 04:43 2012 by Kate1
	VAT - registering/de-registering - up and down and up and down (Preview) Ok - I have a client whose turnover was over £73,000 in February 2012 so they had to register for VAT from 1st April. By this time the threshold was £77,000 (de-registering threshold £75,000). They buy food at zero rate and now have to sell it at standard rate. They have said they can't put the prices up an...	Peasie	6	1701	Thu Apr 26 16:13 2012 by MarkS
	Personal Loan for company asset (Preview) Hi I'm not great on tax, so would appreciate some guidance... I have a client who set up a limited company, and is just starting out as an electrician. He's trying to purchase a van and called me today to run something by me. He's being told by the bank and the garage that he'll struggle to get any finance...	Jo Gordon	2	1953	Wed Apr 25 16:30 2012 by RobRJBS
	claiming VAT on bad debts (Preview) I have a client that has 3 quite larger bad debts(they do not want to take the companies to court)They want me to write them off and claim the vat back. Any help on how the best way to do this would be appriciated.	KimB	5	3293	Wed Apr 25 06:00 2012 by Hal
	2months self employment (Preview) Hi All, I have a client who has been employed for around 9 months of the year, and self employed, as a courier, for only 2 months, to 5th April 2012. Obviously he now has to complete a tax return, and I'm just wondering which is the best way to do it. A local accountant says to estimate the profit for the 2 m...	lindab	2	984	Tue Apr 24 22:36 2012 by Don Tax
	QuickBooks Payroll and Temporary NI Number quickbooks payroll temporary ni (Preview) Is it just me, or won't QuickBooks accept a temporary NI number? Many thanks	Anni B Potts	6	2995	Mon Apr 23 23:14 2012 by Rhianrach
	Payroll (Preview) What are the main reasons why many book-keepers avoid taking on payroll work?	NA_AA	4	1473	Mon Apr 23 18:59 2012 by AML Payroll
	Registering one business and running others under the same (Preview) Hi, I have just registered my first business, but my work means that I can do all sorts of different jobs - from web design to photogrpahy to video editing to software development. Do I need to register each as a different entity or can they all come under the same business? It would be easier to fill out th...	richy85	11	1706	Mon Apr 23 03:47 2012 by richy85
	VAT on sale of a company vehicle (Preview) Hi Everyone, Can someone please help me? If a VAT registered company sells one of their company vehicles privately do they still have to add on VAT? Regards Mary-Anne	Mary-Anne	3	1776	Mon Apr 23 03:20 2012 by Mary-Anne
	VAT Threshold (Preview) Hi I have a client, who has brought his annual accounts to me (up to mar12). His annual turnover has gone over the vat threshold of £77k, looking back at his annual turnover, it went over last Aug. Have no experience of this ! If he registers now, how will hmrc deal with sales from aug ! has loads of invoice...	dockerill	3	1565	Sun Apr 22 11:15 2012 by Truemanbrown
	Salary v Dividend (Preview) Why would someone all of a sudden decide to start paying themselves a dividend and stop paying a salary? What are the benefits? What are the drawbacks?	NA_AA	6	2197	Sun Apr 22 18:08 2012 by Truemanbrown
	P35 question "are you service company?" (Preview) HMRC on P35 asks the question "Are you service company?"if company is supplying construction services as intermediary: gets works and payments from contractor company and itself employs 10 sub-contractors builders who work under cis,so pays them 80%, director and administrato...	Karolle_	3	2070	Sun Apr 22 00:47 2012 by Karolle_
	Petrol on VAT Scale Charge (Preview) Hi everyone. I was wondering if anyone can help me with an issue. I have a client who bought a second hand car last quarter. He uses the fuel scale charge for the petrol so vat is claimed on petrol and then run through a fuel scale charge for VAT return. The car was bought as "business use" be...	meldowie	2	1588	Sat Apr 21 18:35 2012 by Truemanbrown
	German Goods VAT (Preview) Hello all. Would be most grateful if anyone can help with this question Im a sole trader, Turnover relatively small so not VAT registered. If I buy goods from Germany (to sell in UK) which include 19% VAT, which boxes would I fill in for this on a Self assesment Tax Return? Do I have to somehow convert t...	james1975	2	996	Sat Apr 21 18:33 2012 by james1975
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