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

Cheshire · Cheshire

Morning folks Some fab news, announced yesterday and pinched from another site..... ''I am very pleased to be able to say that we have just announced on our web site that we will be implementing MTD directly into VT Transaction+ and VT Cash Book. We will be emailing customers next week. See www.vts...

Cheshire · Cheshire

allisont · allisont

Hi All... just looking for confirmation that I can't do what I was hoping to. I bought VT+ some time ago and only have 8 VAT clients on VT Transactions+ and about the same amount on Quickbooks so to keep costs to a minimum I was hoping to use Vital Tax Bridging Software. I purposely turned off the VT+ Automa...

johnhemming · johnhemming

https://www.tax.service.gov.uk/applications-manage-authority/applications

Artois · Artois

Hi all Had a call from a client on Friday to say that he had received a phone call from an HMRC employee who was outside his premises and wanted to speak to him regarding a late payment of a monthly CIS return, the client does owe this for the 5th May return but was unable to pay it due to not receiving the prom...

johnhemming · johnhemming

With all the issues relating to MTD, DRC may not have got a lot of attention. However, AIUI it is coming in for contractors on CIS starting from 1st October 2019. The VAT treatment is a bit fiddly and in some ways similar to EC vat. In particular when a sub-contractor is paid where the scheme applies the...

Cheshire · Cheshire

Client issues margin scheme invoices directly from accounting software, which happens to be sage. All invoices state margin scheme applies, blur blur. So amount of sale, eg £1000 processed in the software on a zero rated basis. (TO for sage users) Say purchase price was £400, theref...

haymac · haymac

Hi All, I submitted a return on Friday for one of my monthly VAT clients. Have just logged onto HMRC to view the return I submitted, unlike the old system where you could view past returns, MTD does not appear to let you do this. Have scrolled and search through HMRC site for directions but have drawn a b...

A1 · A1

I am not sure if this is a right place where to ask but I will have a go. I can't get my head around this situation in the company I am working, so there it goes. I worked for a company ''A'' for 2 years, and now this company ''A'' decided that they will outsource payroll to company ''B''. (Pretty much stand...

Jay · Jay

Our Accounting software is not yet pulling down API's from HMRC as it is not yet available. Seems a bit late? A number of our clients are in receipt of State Pensions and in the past this was either available from the HMRC site, or a call to the Agent Helpline. So far the year none of our clients have this...

Cheshire · Cheshire

Ive had a long and interesting couple of conversations with a developer today and just completed 3 test submissions. Actually a lot easier than I thought. Just HAD to share the good news with someone! Dancing round my office, which why it might be raining so much. Sorry! Just got to work out whether I us...

Artois · Artois

Good morning all I have a sole trader client who works in the construction industry, I am about to apply on his behalf for gross status as he passes all the requirements and should be accepted no problems. However he is also thinking of incorporating, if he was to do this after achieving gross status as...

Petra · Petra

Hello, designated LLP partners have wife's and kids mobile phones included in the LLP mobile phone contract. How do I deal with the VAT as the wife's and kids obviously don't work for the LLP? thank you

BazzaS · BazzaS

I have a loss in the P&L of 500 which includes depreciation of 700. The normal corporation tax calculation is: P&L add back depreciation - in my case -500+700 = 200 @ 20% = 40 But that means I'm paying corporation tax only on depreciation. Is this correct ?

Paulie · Paulie

Please Help,,,, I am soon to start a new job as an employee but I am also a director of 2 separate companies which I built up last year { it is just me running 2 websites } I will be using HMRC basic tools and they have informed me my £12500 allowance will be based against the employed job and I will have to use t...

haymac · haymac

Hi All, I reluctantly agreed to process PAYE for one of my clients, usually steer well away from this but as it was only for 1 x employee !! They have applied for and received an advance payment of SMP and I am about to process first RTI via HMRC Basic PAYE (their choice), now do I process via FSP or ESP ? Man...

Dottylou · Dottylou

Hi Hoping someone can help me. I am employed as an Accounts Assistant at a Construction Company. Our Accountants have always submitted our VAT Returns, CIS returns. The MD wants to take the filing of VAT and CIS in house with the responsibility falling to me. Our accountants have been filing VAT th...

Artois · Artois

Hi all Is there any way of finding out how much someone has had deducted for their student loan repayments, I am doing the accounts for someone who was employed for 9 months during 18/19 and then went self-employed, I have a copy of their P45 but all it has is the box ticked to say that the loans will contin...

AliBee · AliBee

Morning Guys and Gals, can anyone confirm if sales to the US go on a VAT return? My client has just started selling one of his products to the US and its the first time I've come across this.

Cheshire · Cheshire

Hi All Handy hint re MTD - maybe a start to a useful thread... Before you do anything at all - download a copy of existing clients VAT certificates as you wont have access via your ASA. -- Edited by Cheshire on Tuesday 26th of March 2019 11:52:30 PM -- Edited by Cheshire on Tuesday 26th of March 2019 11:54:...

Topic		Started By	Replies	Views	Last Post
	MTD (Preview) Morning folks Some fab news, announced yesterday and pinched from another site..... ''I am very pleased to be able to say that we have just announced on our web site that we will be implementing MTD directly into VT Transaction+ and VT Cash Book. We will be emailing customers next week. See www.vts...	Cheshire	45	4610	Wed Jul 3 14:14 2019 by Jay
	QBO Pro Advisors - where are you all? (Preview)	Cheshire	0	1537	Wed Jul 3 12:44 2019 by Cheshire
	VT Transactions+ and MTD to Vital Tax Bridging Software (Preview) Hi All... just looking for confirmation that I can't do what I was hoping to. I bought VT+ some time ago and only have 8 VAT clients on VT Transactions+ and about the same amount on Quickbooks so to keep costs to a minimum I was hoping to use Vital Tax Bridging Software. I purposely turned off the VT+ Automa...	allisont	20	3241	Tue Jul 2 19:00 2019 by Cheshire
	MTD authorisations and a useful URL (Preview) https://www.tax.service.gov.uk/applications-manage-authority/applications	johnhemming	2	1461	Tue Jul 2 12:26 2019 by johnhemming
	HMRC Charging for visit (Preview) Hi all Had a call from a client on Friday to say that he had received a phone call from an HMRC employee who was outside his premises and wanted to speak to him regarding a late payment of a monthly CIS return, the client does owe this for the 5th May return but was unable to pay it due to not receiving the prom...	Artois	4	1706	Mon Jul 1 08:00 2019 by Cheshire
	What do people think about Domestic* Reverse Charge (Preview) With all the issues relating to MTD, DRC may not have got a lot of attention. However, AIUI it is coming in for contractors on CIS starting from 1st October 2019. The VAT treatment is a bit fiddly and in some ways similar to EC vat. In particular when a sub-contractor is paid where the scheme applies the...	johnhemming	3	1762	Mon Jul 1 00:38 2019 by Leger
	Margin scheme VAT and MTD (Preview) Client issues margin scheme invoices directly from accounting software, which happens to be sage. All invoices state margin scheme applies, blur blur. So amount of sale, eg £1000 processed in the software on a zero rated basis. (TO for sage users) Say purchase price was £400, theref...	Cheshire	27	3896	Mon Jul 1 00:30 2019 by Leger
	MTD - How to view submitted VAT return ?? (Preview) Hi All, I submitted a return on Friday for one of my monthly VAT clients. Have just logged onto HMRC to view the return I submitted, unlike the old system where you could view past returns, MTD does not appear to let you do this. Have scrolled and search through HMRC site for directions but have drawn a b...	haymac	4	2049	Sun Jun 30 09:28 2019 by johnhemming
	outsourcing payroll company tax tax outsourced company (Preview) I am not sure if this is a right place where to ask but I will have a go. I can't get my head around this situation in the company I am working, so there it goes. I worked for a company ''A'' for 2 years, and now this company ''A'' decided that they will outsource payroll to company ''B''. (Pretty much stand...	A1	2	1848	Fri Jun 28 14:38 2019 by Cheshire
	State Pension (Preview) Our Accounting software is not yet pulling down API's from HMRC as it is not yet available. Seems a bit late? A number of our clients are in receipt of State Pensions and in the past this was either available from the HMRC site, or a call to the Agent Helpline. So far the year none of our clients have this...	Jay	3	1704	Wed Jun 19 11:42 2019 by Jay
	MTD submission (Preview) Ive had a long and interesting couple of conversations with a developer today and just completed 3 test submissions. Actually a lot easier than I thought. Just HAD to share the good news with someone! Dancing round my office, which why it might be raining so much. Sorry! Just got to work out whether I us...	Cheshire	3	1615	Sat Jun 15 12:33 2019 by Leger
	Ltd Co & CIS gross status (Preview) Good morning all I have a sole trader client who works in the construction industry, I am about to apply on his behalf for gross status as he passes all the requirements and should be accepted no problems. However he is also thinking of incorporating, if he was to do this after achieving gross status as...	Artois	7	1685	Mon Jun 10 18:36 2019 by Cheshire
	Partnership LLP (Preview) Hello, designated LLP partners have wife's and kids mobile phones included in the LLP mobile phone contract. How do I deal with the VAT as the wife's and kids obviously don't work for the LLP? thank you	Petra	3	1426	Fri Jun 7 13:13 2019 by Artois
	Corporation tax or not ? (Preview) I have a loss in the P&L of 500 which includes depreciation of 700. The normal corporation tax calculation is: P&L add back depreciation - in my case -500+700 = 200 @ 20% = 40 But that means I'm paying corporation tax only on depreciation. Is this correct ?	BazzaS	2	1429	Thu May 30 11:18 2019 by Leger
	Tax situation employed & Self Employed tax on both jobs (Preview) Please Help,,,, I am soon to start a new job as an employee but I am also a director of 2 separate companies which I built up last year { it is just me running 2 websites } I will be using HMRC basic tools and they have informed me my £12500 allowance will be based against the employed job and I will have to use t...	Paulie	8	1515	Thu May 30 11:00 2019 by Leger
	SMP Query (Preview) Hi All, I reluctantly agreed to process PAYE for one of my clients, usually steer well away from this but as it was only for 1 x employee !! They have applied for and received an advance payment of SMP and I am about to process first RTI via HMRC Basic PAYE (their choice), now do I process via FSP or ESP ? Man...	haymac	5	1687	Wed May 29 21:01 2019 by Leger
	Do I need a HMRC Login? (Preview) Hi Hoping someone can help me. I am employed as an Accounts Assistant at a Construction Company. Our Accountants have always submitted our VAT Returns, CIS returns. The MD wants to take the filing of VAT and CIS in house with the responsibility falling to me. Our accountants have been filing VAT th...	Dottylou	6	1955	Wed May 29 08:21 2019 by Dottylou
	Student Loan (Preview) Hi all Is there any way of finding out how much someone has had deducted for their student loan repayments, I am doing the accounts for someone who was employed for 9 months during 18/19 and then went self-employed, I have a copy of their P45 but all it has is the box ticked to say that the loans will contin...	Artois	5	1759	Sun May 26 21:07 2019 by Artois
	Do US sales go on a VAT return? (Preview) Morning Guys and Gals, can anyone confirm if sales to the US go on a VAT return? My client has just started selling one of his products to the US and its the first time I've come across this.	AliBee	6	2111	Sun May 26 13:44 2019 by Cheshire
	Edited. (Preview) Hi All Handy hint re MTD - maybe a start to a useful thread... Before you do anything at all - download a copy of existing clients VAT certificates as you wont have access via your ASA. -- Edited by Cheshire on Tuesday 26th of March 2019 11:52:30 PM -- Edited by Cheshire on Tuesday 26th of March 2019 11:54:...	Cheshire	23	8134	Sun May 26 13:41 2019 by Cheshire
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