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

John the booky · John the booky

Hi John the bookkeeper here with question re how to use Basic PAYE in context of redundancy. Paye basic user manual re leavers says leaver process does not apply to redundancy, but does not appear to contain a section covering it. How do I enter redundancy in Basic PAYE please (if not, what do I do inst...

Mrs A · Mrs A

Hello, This is probably a very silly question - but I can't seem to figure this out on my own. What should the journal be for a wage advance? I usually post the advance to Net Pay as a bank payment - but I don't know what jouranl to post once the advance has been paid back by the employee (deducted from wages o...

Metatron · Metatron

Hi all First post so hope i dont break any posting rules! Ive had a limited company for several years now and have built up capital in it but switched to a perm role after the introduction of IR35 in the private sector. My salary is just below 100k and now im stuck. If i start drawing dividends and salary f...

pbr · pbr

How to deal if client missed submitting their self assessment

Leger · Leger

This is just to test how much I know (or more likely don't know), regarding CGT on property. One of my clients has expressed an interest in selling his FHL. The owner is looking to reduce/eliminate CGT if he sells. The figures are (very) rough. Bought for 100k, selling for 170k, making a capital gain o...

Eva D Maytree · Eva D Maytree

Hi, there seems to be conflicting advice from the various accountants I work with (I'm a freelance bookkeeper) as to the correct VAT rate to use when a receipt/bill is missing from a UK-based supplier, and won't be able to be found. For example, a purchase of fuel is being coded by one accountant as ZR an...

Knighton Bookkeeper · Knighton Bookkeeper

Hi, I'm posting a payment from a Ltd company into the company directors private pension fund. Can anyone advise how to code this in SAGE please. Many thanks for your help M -- Edited by Knighton Bookkeeper on Tuesday 13th of September 2022 05:24:10 PM

morgwick · morgwick

Hi, I was just wondering if anyone can help with the journal for allocating output tax at deregistration on a car that was purchased. The car was only purchased 3 months before deregistering, and input tax was claimed. Am I correct in that I declare output tax on the NBV at the date of deregistering? If s...

Bugsy · Bugsy

Hi! We have a new customer based in Australia, and has instructed us to print and deliver some literature to a UK address, am I right in thinking that I would need to charge VAT as everything has taken place in the UK and nothing will leave the UK? I can't seem to find this particular case on HMRC's website....

HCJC · HCJC

Good morning all, We have just paid our first quarters PAYE and noticed that the first two months employers allowance had not been taken into account. On questioning this with HMRC, they informed me that they had off set the first two months against an outstanding balance from the previous year. No on...

Riel · Riel

Hi Guys, We have an employee who is emigrating to Australia and will continue to work for us remotely. Does anyone know where I can find out about the income tax implications for this employee preferably in basic English as the only thing I can find is in legalese Thanks for any help I can get.

tattycat · tattycat

Hi everyone, As the title says, I am hoping someone here can advise me on what software to use for "Making Tax Digital". My husband and I have a VAT-registered small business (a limited company), which to be honest does very little business these days. HMRC have said that we must start keeping digital...

BeeK · BeeK

Does anyone know how to delete a company in Basic Tools?I have inherited a company payroll from another bookkeeper and when she sent the backup it has several other companies in the backup too that are noting to do with me. I have started to get messages about the deadlines missed in these companies for...

JMWT · JMWT

Hi Everyone, One of my main clients asked me to refund an invoice they paid me in the 2019 financial year, as they discovered that the total amount they paid, on their accounting system, should have been split into different invoices. They've asked me to repay the full amount, including VAT (£1200),...

Links · Links

Hi, I need a help with recording on sage. We have a business van that is used by one employee only. He is using it for business and private journeys too and pays for all fuel by business card only. When I get receipt for fuel I just record it to 7300 from his business card to claim the VAT. He keeps a truck of all...

Leger · Leger

I did ask this on aweb a while ago but there was little response, most of which I take responsibility for as I didn't go back to the forum for a while so answered one of the questions a couple of weeks later. O appreciate this is an accountancy question more than a bookkeeping question, but I have heard on t...

reens80 · reens80

Hi, I receive invoices from these three channels. I can see VAT on commission and admin that I need to pay, but I cannot se VAT breakdown of the revenue (sales). Anyone else has this experience. We are about to be VAT registerd.

sjl1974 · sjl1974

Hello all, I am so glad I found this forum, there is a lot of good reading on here. My question is...I have a client who has recently gone over the VAT threshold so we have registered for VAT from 01.02.22. He then presented me with some January 22 supplier invoices, how do I deal with the VAT within these...

Pickle · Pickle

Hi just wondering if anyone could help me with how I record the following in Sage please? An England based standard vat registered Ltd mechanic has purchased some car parts from Germany. The purchase invoice is in GBP and says the price excl vat is £1,624.67 the vat is and total inc vat is £1,624.67. A...

Stuartwantstoknow · Stuartwantstoknow

Hi All, trying to figure out best possible solution to getting an electric vehicle for both private and business use. Currently due to end my lease with Land Rover and looking at 2 different options. Option 1 and likely (Tesla Model 3 or Model y). Low BIK at 1% and going up 2% but does anyone know the 3 and 4...

Topic		Started By	Replies	Views	Last Post
	Basic PAYE - how to enter redundancy (Preview) Hi John the bookkeeper here with question re how to use Basic PAYE in context of redundancy. Paye basic user manual re leavers says leaver process does not apply to redundancy, but does not appear to contain a section covering it. How do I enter redundancy in Basic PAYE please (if not, what do I do inst...	John the booky	0	1751	Fri Oct 21 17:53 2022 by John the booky
	Wage Advance Help (Preview) Hello, This is probably a very silly question - but I can't seem to figure this out on my own. What should the journal be for a wage advance? I usually post the advance to Net Pay as a bank payment - but I don't know what jouranl to post once the advance has been paid back by the employee (deducted from wages o...	Mrs A	1	1904	Mon Oct 3 19:28 2022 by George Caridgan
	Advice on what to do with money in a limited company (Preview) Hi all First post so hope i dont break any posting rules! Ive had a limited company for several years now and have built up capital in it but switched to a perm role after the introduction of IR35 in the private sector. My salary is just below 100k and now im stuck. If i start drawing dividends and salary f...	Metatron	5	2576	Tue Sep 20 02:30 2022 by Truemanbrown
	Self assessment (Preview) How to deal if client missed submitting their self assessment	pbr	3	2133	Mon Sep 19 12:35 2022 by Truemanbrown
	Capital Gains Tax on FHL. (Preview) This is just to test how much I know (or more likely don't know), regarding CGT on property. One of my clients has expressed an interest in selling his FHL. The owner is looking to reduce/eliminate CGT if he sells. The figures are (very) rough. Bought for 100k, selling for 170k, making a capital gain o...	Leger	4	1957	Sun Sep 18 08:57 2022 by Leger
	Treatment of VAT when supplier paperwork is missing (Preview) Hi, there seems to be conflicting advice from the various accountants I work with (I'm a freelance bookkeeper) as to the correct VAT rate to use when a receipt/bill is missing from a UK-based supplier, and won't be able to be found. For example, a purchase of fuel is being coded by one accountant as ZR an...	Eva D Maytree	2	1833	Fri Sep 16 23:58 2022 by Truemanbrown
	Posting a bank payment into Directors private pension fund pension;SAGE;director (Preview) Hi, I'm posting a payment from a Ltd company into the company directors private pension fund. Can anyone advise how to code this in SAGE please. Many thanks for your help M -- Edited by Knighton Bookkeeper on Tuesday 13th of September 2022 05:24:10 PM	Knighton Bookkeeper	5	1844	Fri Sep 16 23:50 2022 by Truemanbrown
	Output Tax on Assets at Deregistration (Preview) Hi, I was just wondering if anyone can help with the journal for allocating output tax at deregistration on a car that was purchased. The car was only purchased 3 months before deregistering, and input tax was claimed. Am I correct in that I declare output tax on the NBV at the date of deregistering? If s...	morgwick	1	1636	Fri Aug 26 11:33 2022 by Artois
	Company ordering printing work based in Australia but Job done in the UK and delivered in the UK (Preview) Hi! We have a new customer based in Australia, and has instructed us to print and deliver some literature to a UK address, am I right in thinking that I would need to charge VAT as everything has taken place in the UK and nothing will leave the UK? I can't seem to find this particular case on HMRC's website....	Bugsy	1	1624	Fri Aug 26 11:26 2022 by Artois
	Early year payroll submission - Xero (Preview) Good morning all, We have just paid our first quarters PAYE and noticed that the first two months employers allowance had not been taken into account. On questioning this with HMRC, they informed me that they had off set the first two months against an outstanding balance from the previous year. No on...	HCJC	1	1721	Mon Aug 1 09:56 2022 by Riel
	Australian Employee (Preview) Hi Guys, We have an employee who is emigrating to Australia and will continue to work for us remotely. Does anyone know where I can find out about the income tax implications for this employee preferably in basic English as the only thing I can find is in legalese Thanks for any help I can get.	Riel	3	1635	Wed Jul 27 10:29 2022 by Riel
	Any recommendations - or anti-recommendations - for free software compatible with "Making Tax Digital" for VAT? (Preview) Hi everyone, As the title says, I am hoping someone here can advise me on what software to use for "Making Tax Digital". My husband and I have a VAT-registered small business (a limited company), which to be honest does very little business these days. HMRC have said that we must start keeping digital...	tattycat	1	1666	Thu Jul 14 12:46 2022 by Leger
	Can I delete a company in the HMRC PAYE Basic Tools?? (Preview) Does anyone know how to delete a company in Basic Tools?I have inherited a company payroll from another bookkeeper and when she sent the backup it has several other companies in the backup too that are noting to do with me. I have started to get messages about the deadlines missed in these companies for...	BeeK	5	5041	Fri Jun 10 16:48 2022 by Leger
	How to reconcile the VAT with a credit note linked to an invoice paid in a previous finacial year? VAT XERO (Preview) Hi Everyone, One of my main clients asked me to refund an invoice they paid me in the 2019 financial year, as they discovered that the total amount they paid, on their accounting system, should have been split into different invoices. They've asked me to repay the full amount, including VAT (£1200),...	JMWT	14	2375	Fri Jun 10 11:05 2022 by Onion4Sage
	Business van - business and private use sage recording (Preview) Hi, I need a help with recording on sage. We have a business van that is used by one employee only. He is using it for business and private journeys too and pays for all fuel by business card only. When I get receipt for fuel I just record it to 7300 from his business card to claim the VAT. He keeps a truck of all...	Links	2	1786	Thu Jun 2 12:07 2022 by Task4
	Director and shareholder acting as self employed (Preview) I did ask this on aweb a while ago but there was little response, most of which I take responsibility for as I didn't go back to the forum for a while so answered one of the questions a couple of weeks later. O appreciate this is an accountancy question more than a bookkeeping question, but I have heard on t...	Leger	2	1645	Wed May 25 18:17 2022 by Leger
	VAT on Sales: Just Eat, Deliveroo, Uber Eats (Preview) Hi, I receive invoices from these three channels. I can see VAT on commission and admin that I need to pay, but I cannot se VAT breakdown of the revenue (sales). Anyone else has this experience. We are about to be VAT registerd.	reens80	3	6125	Fri Feb 25 20:56 2022 by Leger
	Dealing with supplier invoices dated prior to VAT registration (Preview) Hello all, I am so glad I found this forum, there is a lot of good reading on here. My question is...I have a client who has recently gone over the VAT threshold so we have registered for VAT from 01.02.22. He then presented me with some January 22 supplier invoices, how do I deal with the VAT within these...	sjl1974	5	2009	Fri Feb 25 10:15 2022 by Leger
	Reverse import VAT? (Preview) Hi just wondering if anyone could help me with how I record the following in Sage please? An England based standard vat registered Ltd mechanic has purchased some car parts from Germany. The purchase invoice is in GBP and says the price excl vat is £1,624.67 the vat is and total inc vat is £1,624.67. A...	Pickle	0	1543	Tue Feb 15 16:47 2022 by Pickle
	Electric Vehicles Tax considerations (Preview) Hi All, trying to figure out best possible solution to getting an electric vehicle for both private and business use. Currently due to end my lease with Land Rover and looking at 2 different options. Option 1 and likely (Tesla Model 3 or Model y). Low BIK at 1% and going up 2% but does anyone know the 3 and 4...	Stuartwantstoknow	1	1595	Mon Feb 14 23:23 2022 by Leger
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