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

xantia743 · xantia743

One of my clients has rung me this morning about employing a 14 year old (his son) to do some leafleting and other odd jobs. It's a Ltd Company so should I account for this through PAYE? My only concern is that the son won't have a NI number. Earnings are going to be well under the lower earnings level as f...

Truemanbrown · Truemanbrown

Until recently, items such as personal digital assistants (PDAs) would have to be treated as a taxable benefit. HMRC included Smartphones such as BlackBerrys and iPhones in their definition of a PDA and, therefore, if provided by employers to employees should have been taxed as a benefit in kind. H...

pDm · pDm

Hi Guys'n'Gals, In 2012/13 my business made a loss with no income received. In addition I have a day job which provides me with a fixed monthly income. I'm getting ready to complete my SA return online but wanted to get a general overview of the tax situation before I do. My question here is a bit wooly, so...

Trojan1970 · Trojan1970

Hi - I'm working at a clients site today and he had a VAT visit yesterday (not a full Audit, jsut a visit as he's claiming a £7k VAT refund and they don't believe him). The VAT Inspector picked up a couple of things (as expected), but one of them was in our favour, and that was the VAT element of the Rent Deposi...

timbowkett · timbowkett

hi i was after some info please i am selfemployed vat registerd sole trader, i am trying to work out when accounting for fuel purchases how much vat i can reclaim and how much tax allowance, i use the vehicle for both business and personal, the car is a business asset,i have been looking at the other posts...

ChrisBolton · ChrisBolton

Hi, I have been an AAT member for 10 years now, but as I have never completed an SA return, not claimed back the fees from HMRC. This will be my first year completing an SA return, can I include 6 years of subs on there, or will I need to go back on individual years? Thanks Chris

shorox · shorox

Hi All, Apologies in advance if these questions are extremely simple, rightly or wrongly i am helping my father with the bookkeeping of his new business with very limited knowledge! 1. He has stayed out at a hotel to carry out work on a construction site and also when he was on a two day course. 2. He has tr...

kjmcculloch83 · kjmcculloch83

I have a client in the construction industry. He has a few outstanding self assessments which I'm doing for him, but on examining his paperwork he seems to have been paying sub contractors (plumbers, joiners etc) but has not registered for CIS. My normal advice is make a voluntary disclosure to HMRC...

keano43 · keano43

Hi I am using Sage Payroll 50 V2011, i have installed the update you need to do before i run off my year end, which is fine. Went through all the proceedures for year end, which all information was correct (thank god), when i come to print my P60 forms there is only 3 showing in the preview window and when i go...

xantia743 · xantia743

One of my clients has recently received a coding notice to drop one of his employees from 747L to BR, effective from the start of the tax year. She has no other income but has recently notified the tax office that she is going self employed. (working at the same time) Would this be the reason for the tax...

NA_AA · NA_AA

Is there a need to voluntarily register a company for VAT if they are not trading in the UK - all sales / services provided overseas

NA_AA · NA_AA

When taxed on a remmittance basis, are you only taxed on the amount remmitted to the UK which is from overseas employment / trading income? Or are you taxed on all income bought to the UK regardless e.g. If you withdraw cash from your overseas bank account which has money from your savings which has alr...

NA_AA · NA_AA

Is a self-assessment required to be completed for someone who has come to the UK from overseas on a spouse visa and has a registered businesses overseas (business is registered and trading overseas no business activity taking place in the UK)? Note the business ceased to trade overseas as a Ltd compa...

shorox · shorox

Hi, My Dad set up a ltd company last september, and has not yet recieved a salary but have had CIS deductions so will need to file a p35 but not a p14? is that correct? Can i do this by doing a partial return? or do i have to do both still but send a blank p14??? First time i will be doing a return and doing it for...

Rhianrach · Rhianrach

What is a p14 and how does it differ to a p60, and do I need to do anything in sage payroll yearend?

Trojan1970 · Trojan1970

Hi - has anyone else had problems using the HMRC Basic Tools and submitting the Annual Return? I run 5 payrolls on the program (all for separate employers) and have only managed to submit 1 of the returns successfully. The others keep coming back with Status Failed - Submission already received fo...

numbnumber · numbnumber

A limited company I work for has two directors. They both take a salary over £60,000 and the company has made a £60,000 net profit and they are wanting to take a dividend instead of the full salary. What is the tax implication for each director as an individual?

kezzy84 · kezzy84

Hi We are a limited, VAT registered company and are selling one of our motor vehicles which has been solely used for trade purposes (nature of the business is mobile out the back of the van). We are selling the vehicle to another Ltd VAT registered business. If the selling price is £5000 + VAT, do we need...

Stacko · Stacko

Hello There, I wondered if anyone on here was able to advise me at all. I am in the process of working out my partners income for the last tax year in order to do his self assessment. Half way through last year he became VAT registered so therefore his invoices and income through his account reflect this. H...

NA_AA · NA_AA

If you make an adjustment in Box 4 - do you then have to make an adjustment in Box 7?

Topic		Started By	Replies	Views	Last Post
	Paying a 14 year old (Preview) One of my clients has rung me this morning about employing a 14 year old (his son) to do some leafleting and other odd jobs. It's a Ltd Company so should I account for this through PAYE? My only concern is that the son won't have a NI number. Earnings are going to be well under the lower earnings level as f...	xantia743	16	7993	Fri Apr 20 15:18 2012 by pDm
	Blackberrys And iPhones (Preview) Until recently, items such as personal digital assistants (PDAs) would have to be treated as a taxable benefit. HMRC included Smartphones such as BlackBerrys and iPhones in their definition of a PDA and, therefore, if provided by employers to employees should have been taxed as a benefit in kind. H...	Truemanbrown	0	750	Fri Apr 20 02:33 2012 by Truemanbrown
	First year loss - What next? (Preview) Hi Guys'n'Gals, In 2012/13 my business made a loss with no income received. In addition I have a day job which provides me with a fixed monthly income. I'm getting ready to complete my SA return online but wanted to get a general overview of the tax situation before I do. My question here is a bit wooly, so...	pDm	6	1808	Fri Apr 20 02:41 2012 by pDm
	VAT on Rent Deposit -claiming it back??? (Preview) Hi - I'm working at a clients site today and he had a VAT visit yesterday (not a full Audit, jsut a visit as he's claiming a £7k VAT refund and they don't believe him). The VAT Inspector picked up a couple of things (as expected), but one of them was in our favour, and that was the VAT element of the Rent Deposi...	Trojan1970	2	5223	Thu Apr 19 23:23 2012 by Trojan1970
	self employed fuel and vat (Preview) hi i was after some info please i am selfemployed vat registerd sole trader, i am trying to work out when accounting for fuel purchases how much vat i can reclaim and how much tax allowance, i use the vehicle for both business and personal, the car is a business asset,i have been looking at the other posts...	timbowkett	3	2065	Thu Apr 19 19:00 2012 by gbm
	AAT Fees (Preview) Hi, I have been an AAT member for 10 years now, but as I have never completed an SA return, not claimed back the fees from HMRC. This will be my first year completing an SA return, can I include 6 years of subs on there, or will I need to go back on individual years? Thanks Chris	ChrisBolton	1	1482	Thu Apr 19 17:29 2012 by Don Tax
	P11D for Director (Preview) Hi All, Apologies in advance if these questions are extremely simple, rightly or wrongly i am helping my father with the bookkeeping of his new business with very limited knowledge! 1. He has stayed out at a hotel to carry out work on a construction site and also when he was on a two day course. 2. He has tr...	shorox	3	894	Thu Apr 19 16:49 2012 by shorox
	CIS (Preview) I have a client in the construction industry. He has a few outstanding self assessments which I'm doing for him, but on examining his paperwork he seems to have been paying sub contractors (plumbers, joiners etc) but has not registered for CIS. My normal advice is make a voluntary disclosure to HMRC...	kjmcculloch83	2	1864	Wed Apr 18 23:08 2012 by RobRJBS
	Printing P60 (Preview) Hi I am using Sage Payroll 50 V2011, i have installed the update you need to do before i run off my year end, which is fine. Went through all the proceedures for year end, which all information was correct (thank god), when i come to print my P60 forms there is only 3 showing in the preview window and when i go...	keano43	5	2231	Tue Apr 17 22:18 2012 by Stardoe
	Tax code change (Preview) One of my clients has recently received a coding notice to drop one of his employees from 747L to BR, effective from the start of the tax year. She has no other income but has recently notified the tax office that she is going self employed. (working at the same time) Would this be the reason for the tax...	xantia743	2	1448	Tue Apr 17 18:00 2012 by xantia743
	Is there a need to register for VAT (Preview) Is there a need to voluntarily register a company for VAT if they are not trading in the UK - all sales / services provided overseas	NA_AA	1	759	Mon Apr 16 23:16 2012 by leshoward
	Tax on Remmittance Basis (Preview) When taxed on a remmittance basis, are you only taxed on the amount remmitted to the UK which is from overseas employment / trading income? Or are you taxed on all income bought to the UK regardless e.g. If you withdraw cash from your overseas bank account which has money from your savings which has alr...	NA_AA	0	975	Sun Apr 15 16:32 2012 by NA_AA
	Is a self-assessment return required? (Preview) Is a self-assessment required to be completed for someone who has come to the UK from overseas on a spouse visa and has a registered businesses overseas (business is registered and trading overseas no business activity taking place in the UK)? Note the business ceased to trade overseas as a Ltd compa...	NA_AA	1	4802	Sun Apr 15 18:37 2012 by Wella
	P14/P35 - No salary paid but CIS deductions (Preview) Hi, My Dad set up a ltd company last september, and has not yet recieved a salary but have had CIS deductions so will need to file a p35 but not a p14? is that correct? Can i do this by doing a partial return? or do i have to do both still but send a blank p14??? First time i will be doing a return and doing it for...	shorox	1	1969	Sat Apr 14 05:34 2012 by Don Tax
	P14 (Preview) What is a p14 and how does it differ to a p60, and do I need to do anything in sage payroll yearend?	Rhianrach	2	2028	Fri Apr 13 23:29 2012 by Rhianrach
	HMRC Basic Tools - Annual Return Online Submission problems (Preview) Hi - has anyone else had problems using the HMRC Basic Tools and submitting the Annual Return? I run 5 payrolls on the program (all for separate employers) and have only managed to submit 1 of the returns successfully. The others keep coming back with Status Failed - Submission already received fo...	Trojan1970	3	1706	Fri Apr 13 15:25 2012 by Trojan1970
	Directors taking dividend from profit (Preview) A limited company I work for has two directors. They both take a salary over £60,000 and the company has made a £60,000 net profit and they are wanting to take a dividend instead of the full salary. What is the tax implication for each director as an individual?	numbnumber	4	1470	Fri Apr 13 04:06 2012 by Brewsie
	Selling a van used for commercial purposes (Preview) Hi We are a limited, VAT registered company and are selling one of our motor vehicles which has been solely used for trade purposes (nature of the business is mobile out the back of the van). We are selling the vehicle to another Ltd VAT registered business. If the selling price is £5000 + VAT, do we need...	kezzy84	1	991	Thu Apr 12 21:40 2012 by gbm
	Paying Tax on Vat (Preview) Hello There, I wondered if anyone on here was able to advise me at all. I am in the process of working out my partners income for the last tax year in order to do his self assessment. Half way through last year he became VAT registered so therefore his invoices and income through his account reflect this. H...	Stacko	5	1043	Thu Apr 12 05:29 2012 by Shamus
	VAT return - Box 4 and Box 7 (Preview) If you make an adjustment in Box 4 - do you then have to make an adjustment in Box 7?	NA_AA	1	1746	Wed Apr 11 17:55 2012 by leshoward
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