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

dombo · dombo

Hi All, I have a P11D for Year 2015-2016 which altered my tax code for the most recent tax year 2016-2017 from 1100L to 1000L. Because my pay broke the £50,000 barrier and I receive child benefit, I now need to fill in a self assessment as I am due to pay back some of that benefit. I have found that the Self Ass...

NinaKoni · NinaKoni

Hi all, I had a case today with a client on FRS and cash basis who will probably will qualify as Limited Cost Trader. However I did not find anything specific on how to calculate the turnover when cash base is used. Do I have to use the paid only sales plus VAT or gross sales on the accrual basis? The guide is s...

Taffygirl · Taffygirl

I think I'm either have brain freeze or I'm missing something. Migrating employees over to a new payroll system. Entering in details. I have the P11 deductions sheets with all the NIC contributions but nothing with YTD figures for total pay and tax to date. Should they be on there or should the accoun...

Leger · Leger

A little more tricky than the title suggests. I had my first client stage 1st May, and did everything that was required. A new worker started 2nd May and I have only just received his hours. The question is, is he above the threshold or below it? The current employee is paid monthly, with set hours per w...

Artois · Artois

Hi all I use the HMRC software to file clients Tax returns and then email them the completed returns as well as keeping a copy for myself in their files, I have just noticed that when I save the returns to my desktop the front page has none of the clients details on it, the rest of the return is fine with al...

Princess · Princess

I have a client that books a lot of hotels when he is away with work. the invoices have his name and address. the address is also his limited company's address. The company's name is not on the invoice though. Do you think HMRC would allow a VAT claim for that invoice? I have told him to make sure it is o...

Corno · Corno

Hi, I have started to go through the last four years of our family business partnership tax returns (SA800). I notice that we have claimed less capital allowances through AIA than we spent. Is there a way I can bring this up to date? It's a small business and our total capital spend over the four years...

Leger · Leger

I've created all my 2017-18 files apart from one, pay date 30th April. Just gone to do it this morning and it's not giving me the option to create 2017-18. I've checked to see I haven't inadvertently closed the payroll scheme and I've also checked I haven't archived it by mistake so I'm a bit stumped....

Seb · Seb

Hello Folks, Couple of dumb questions; 1) If you use Payroll software will it keep a running total of all entries for the year? Should like at year end a report can be pulled which shows total paid, total NIC 1 / secondary / 1a etc. 2) Leads on from Q1 Assuming a report can be pulled I imagine a reconciliat...

NA_AA · NA_AA

Hi All, I have not dealt with zero rated VAT before in QB. What would you do in QB to ensure the VAT is accounted for properly? Any help will be much appreciated. Many Thanks Nadia

Leger · Leger

My client (Sole Trader) has a static caravan near Doncaster that is a base when not working away. His business address is at my office 60 miles north for two reasons. 1, he can't receive mail at the caravan 2. I do all his admin work so it makes more sense. Which address is the one HMRC will recognise whe...

NinaKoni · NinaKoni

HI all, Is anyone working with CCH and the new update for Tax year 2016/2017? How do you calculate tax on savings? We have tried to calculate the tax for a client receiving £11,000 as employment and £26,000 as interest on savings. CCH did not include the £5,000 allowance and we think this is not right loo...

Leger · Leger

I've just done a tax calculation for a CIS bod and he's unhappy with the amount of the refund, as he usually gets quite a bit more. However he's with a different contractor now who pay him mileage, which is why I believe there's been a reduction. As it's the first time I've done CIS where they've been pa...

Shaun UK · Shaun UK

Hi all. Long time since I've been on here but you're the first place I've come to for a little help! Long story as short as possible for now: My partner started in business as a budding actor officially back in July 2015, when taken on by an agency. At the time I said I would help sort things out for her as sh...

Agri Accountant · Agri Accountant

Hi all, Just wondered if motor fuel is purchased however you choose not to reclaim any VAT, do you still include the net amount in Box 7? Many thanks

Elaine Rae · Elaine Rae

I am currently working on QuickBook Pro 2016 desktop; I need to up-grade the software and we're running the payroll through the accounts software but QuickBooks are now only offering this software on a monthly subscription which is I think is rather expensive; saying that it's more effective to mov...

Ellie16 · Ellie16

Hi, a client had his accounts done by a bookkeeper through his first financial year. Now he came to us as they fell apart. We are doing his corporation tax report as it is due soon and it turned out that his VAT liability has been miscalculated in every period. Now he opted out from VAT (due to the recent cha...

Nikole · Nikole

Hello everyone, One of my clients that I process payroll for calculate several of their employees by term time pro-rata. My first question is to any payroll providers is, do you calculate the pro-rata rates or do you receive gross figures to input into the payroll software. Secondly this clients emp...

Douglas Stroud · Douglas Stroud

Hi all Just wondered if anyone else has had any problems with HMRC Self-Assessment, I tried to authorise a client yesterday and it is still showing "awaiting code" and I also submitted an authorisation code and the client has not appeared on my client list, I did speak to HMRC and they have said it is...

Redspottedhanky · Redspottedhanky

Hi! I've introduced myself across on the newbies board, so I hope it's ok that I dive right in and ask some questions. I have recently started bookkeeping for a small ltd company, VAT registered as high-ish turnover. I will be dealing with the payroll from the end of this month. The company is very seaso...

Topic		Started By	Replies	Views	Last Post
	P11D tax from Previous Year where no Self Assessment made (Preview) Hi All, I have a P11D for Year 2015-2016 which altered my tax code for the most recent tax year 2016-2017 from 1100L to 1000L. Because my pay broke the £50,000 barrier and I receive child benefit, I now need to fill in a self assessment as I am due to pay back some of that benefit. I have found that the Self Ass...	dombo	2	1278	Thu Jun 1 14:20 2017 by dombo
	Limited Cost trader (Preview) Hi all, I had a case today with a client on FRS and cash basis who will probably will qualify as Limited Cost Trader. However I did not find anything specific on how to calculate the turnover when cash base is used. Do I have to use the paid only sales plus VAT or gross sales on the accrual basis? The guide is s...	NinaKoni	7	1941	Wed May 31 13:30 2017 by Leger
	P11 deduction sheet and YTD Pay figures (Preview) I think I'm either have brain freeze or I'm missing something. Migrating employees over to a new payroll system. Entering in details. I have the P11 deductions sheets with all the NIC contributions but nothing with YTD figures for total pay and tax to date. Should they be on there or should the accoun...	Taffygirl	2	1232	Wed May 31 11:45 2017 by Taffygirl
	Auto enrolment - how to assess? (Preview) A little more tricky than the title suggests. I had my first client stage 1st May, and did everything that was required. A new worker started 2nd May and I have only just received his hours. The question is, is he above the threshold or below it? The current employee is paid monthly, with set hours per w...	Leger	1	1114	Tue May 30 09:58 2017 by pictures
	HMRC Tax return (Preview) Hi all I use the HMRC software to file clients Tax returns and then email them the completed returns as well as keeping a copy for myself in their files, I have just noticed that when I save the returns to my desktop the front page has none of the clients details on it, the rest of the return is fine with al...	Artois	11	2195	Tue May 23 10:50 2017 by bk
	VAT invoice missing company name (Preview) I have a client that books a lot of hotels when he is away with work. the invoices have his name and address. the address is also his limited company's address. The company's name is not on the invoice though. Do you think HMRC would allow a VAT claim for that invoice? I have told him to make sure it is o...	Princess	12	2372	Thu May 18 14:47 2017 by abacus12345
	Unused capital allowances (Preview) Hi, I have started to go through the last four years of our family business partnership tax returns (SA800). I notice that we have claimed less capital allowances through AIA than we spent. Is there a way I can bring this up to date? It's a small business and our total capital spend over the four years...	Corno	5	1729	Thu May 18 12:01 2017 by Corno
	Moneysoft not creating 2017-18 file (Preview) I've created all my 2017-18 files apart from one, pay date 30th April. Just gone to do it this morning and it's not giving me the option to create 2017-18. I've checked to see I haven't inadvertently closed the payroll scheme and I've also checked I haven't archived it by mistake so I'm a bit stumped....	Leger	11	2004	Tue May 16 19:57 2017 by Cheshire
	Payroll software and reconciliation. (Preview) Hello Folks, Couple of dumb questions; 1) If you use Payroll software will it keep a running total of all entries for the year? Should like at year end a report can be pulled which shows total paid, total NIC 1 / secondary / 1a etc. 2) Leads on from Q1 Assuming a report can be pulled I imagine a reconciliat...	Seb	22	3082	Mon May 15 13:49 2017 by abacus12345
	zero rated VAT in QB (Preview) Hi All, I have not dealt with zero rated VAT before in QB. What would you do in QB to ensure the VAT is accounted for properly? Any help will be much appreciated. Many Thanks Nadia	NA_AA	13	2164	Mon May 15 10:27 2017 by fin6y
	Mileage Allowance starting point. (Preview) My client (Sole Trader) has a static caravan near Doncaster that is a base when not working away. His business address is at my office 60 miles north for two reasons. 1, he can't receive mail at the caravan 2. I do all his admin work so it makes more sense. Which address is the one HMRC will recognise whe...	Leger	17	2516	Sat May 13 15:23 2017 by Cheshire
	Tax on savings - £5.000 allowance (Preview) HI all, Is anyone working with CCH and the new update for Tax year 2016/2017? How do you calculate tax on savings? We have tried to calculate the tax for a client receiving £11,000 as employment and £26,000 as interest on savings. CCH did not include the £5,000 allowance and we think this is not right loo...	NinaKoni	23	1732	Sat May 13 13:19 2017 by Cheshire
	Can someone check my CIS calculation? (Preview) I've just done a tax calculation for a CIS bod and he's unhappy with the amount of the refund, as he usually gets quite a bit more. However he's with a different contractor now who pay him mileage, which is why I believe there's been a reduction. As it's the first time I've done CIS where they've been pa...	Leger	10	3025	Fri May 12 16:31 2017 by Leger
	Late 15/16 Tax Return - Expecting Monstrous Fines - Any Advice (Preview) Hi all. Long time since I've been on here but you're the first place I've come to for a little help! Long story as short as possible for now: My partner started in business as a budding actor officially back in July 2015, when taken on by an agency. At the time I said I would help sort things out for her as sh...	Shaun UK	21	1722	Thu May 11 20:58 2017 by abacus12345
	VAT on Motor Fuel (Preview) Hi all, Just wondered if motor fuel is purchased however you choose not to reclaim any VAT, do you still include the net amount in Box 7? Many thanks	Agri Accountant	10	1521	Thu May 11 06:53 2017 by Cheshire
	Cloud v Desktop ( 1 2 ) (Preview) I am currently working on QuickBook Pro 2016 desktop; I need to up-grade the software and we're running the payroll through the accounts software but QuickBooks are now only offering this software on a monthly subscription which is I think is rather expensive; saying that it's more effective to mov...	Elaine Rae	55	4752	Tue May 9 10:38 2017 by pictures
	VAT correction form 652 (Preview) Hi, a client had his accounts done by a bookkeeper through his first financial year. Now he came to us as they fell apart. We are doing his corporation tax report as it is due soon and it turned out that his VAT liability has been miscalculated in every period. Now he opted out from VAT (due to the recent cha...	Ellie16	10	3015	Mon May 8 19:06 2017 by Cheshire
	HELP (Preview) Hello everyone, One of my clients that I process payroll for calculate several of their employees by term time pro-rata. My first question is to any payroll providers is, do you calculate the pro-rata rates or do you receive gross figures to input into the payroll software. Secondly this clients emp...	Nikole	26	2065	Mon May 8 18:55 2017 by Cheshire
	Problems with HMRC (Preview) Hi all Just wondered if anyone else has had any problems with HMRC Self-Assessment, I tried to authorise a client yesterday and it is still showing "awaiting code" and I also submitted an authorisation code and the client has not appeared on my client list, I did speak to HMRC and they have said it is...	Douglas Stroud	5	1083	Sun May 7 08:01 2017 by Douglas Stroud
	Directors overpaying NIC and 12pay (Preview) Hi! I've introduced myself across on the newbies board, so I hope it's ok that I dive right in and ask some questions. I have recently started bookkeeping for a small ltd company, VAT registered as high-ish turnover. I will be dealing with the payroll from the end of this month. The company is very seaso...	Redspottedhanky	8	1222	Sat May 6 22:17 2017 by Leger
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