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

Lyndsey · Lyndsey

Hi Stupid question but should there be a late filing charge of Â£100 is the party has died and is currently going through probate? HMRC is aware that he has passed away but have sent the late filing penalty. As the probate is not finalised there is no one who can authorise the return. Thanks Lyndsey

Elaine Rae · Elaine Rae

Hi I wondered if anyone could tell me how you standing on claiming interest on a car loan. I am talking about a partnership and one of the partners has just purchased a car which we are looking to put on the books, but obviously this car will have both personal and business use. I believe I can claim Capita...

Sammy76 · Sammy76

I run Payroll for a client, and have sent the RTI, but they've now come back to me to say that they want something changed on a payslip, plus someone is leaving tomorrow so they need his P45. How do I do this so its all for Month 11 after the RTI has been sent? I'm using 12Pay, v. 1.17.25.

Emma25 · Emma25

Hi, Just wondered if anyone could help. We use Sage Instant Accounts for our book keeping. I've gone to run the latest VAT return Nov '16 - Jan '17 and the purchases figure is triple what it normally is. I think it may have something to do with the year end as I recently did the tax return on Sage to submit...

morgwick · morgwick

When using the margin scheme for used cars, does the whole net figure for the purchase of the car still get included in box 7 and the sale in box 6 as usual? Thanks

Jay · Jay

I wonder if anyone can give me a steer on this please. I have a potential new client, subject to normal clearance etc, with one Furnished Holiday Let as well as the main business. He advised that he had sold the FHL and was just awaiting exchange of contracts. Not a problem in that the business is the main...

Seb · Seb

Hello, Imagine you've entered a invoice in Sage Instants, V19. You've entered an invoice totalling £6000, £5000 net £1000 vat. It turns out that it shouldn't have VAT attached for whatever reason. What I've done, up to yet to rectify, Dr the expense account £1000 with 0% rate of VAT (Bring the total...

Stardoe · Stardoe

Hi all, Not posted for ages....hope everyone is well

I hope someone can clear this up for me. I tried a search but couldn't find any recent posts regarding this. One of my clients wishes to start reclaiming the VAT on the fuel element of mileage allowance paid to employees for travel in their priv...

Lyndsey · Lyndsey

Hi is anyone good on the new BTL stamp duty rules? The scenario is... 2 brothers inherit a btl property (already let out) without a mortgage 1 brother wants to keep and the other wants to be bought out So the 1 brother wants to get a BTL mortgage on the property to buy his brother out Would this be subj...

KAZ · KAZ

Good morning all! Can someone help with a quick question. One of my clients pays their employees a salary plus a petrol allowance each month. Both go through payroll and are taxed and NI'd appropriately. My question is, because it is a petrol allowance, does it still qualify for Employers NI? Any a...

LizB · LizB

OK, this is a good one, and a bit too close to home, as it relates to my hubby! He is in the process of accepting a role through a Swiss recruitment agency, working on a project for a global IT company. The end client is a UK Bank, and that is where he will be based, and who will benefit from his services. (With m...

Accounts By Al · Accounts By Al

Hi, I trying to help a friend out. They have been trading for 13 months - 2 of which are in the previous tax year. They haven't yet advised HMRC that they've been trading. How do I request a that the first set of accounts reported thro' self assessment are for a "long period"? No profits were made in the f...

Muzzy2kuk · Muzzy2kuk

Struggling to find info on wether there is a specific aat payroll course that can be took alongside my main course. Any of you lovely people know.

J_asonR · J_asonR

Hi All, Hope everyone's well. I'm currently involved in a discussion with a colleague of mine over a situation regarding side business income - hoping someone can clarify. It's loosely based on a situation with a mutual friend of ours. If an employed person(employment is only income) was to set up...

Susie Sue · Susie Sue

Hi, Hope everyone is well One of my clients is taking on their first employee. She will earn under £112.00 a week so told him they didn't need a payroll setting up. They have now told me that sometimes she might do extra hours and so will earn over the threshold. How does this work please? Do they need s...

Rachel767 · Rachel767

Can I just check I'm right on this? If I have a husband and wife directors only payroll, and they take a salary of £8060 per year each (just under the primary threshold so they pay no NI), will it still count as a qualifying year for state pension because they're over the Lower Earnings Limit of £5824 pa? Th...

Peasie · Peasie

I pay money towards my tax bill every week by direct debit and after submitting my return I've overpaid HMRC. I decided I wanted £300 of this back and submitted (online) a repayment request. This was over two weeks ago. How long does a repayment normally take?

meadow · meadow

Hello One of my clients pays a lady to work for him for a few hours each week, from his bank account. She is self employed and does her own tax return etc. Does my client need anything from her re tax / NI? I was told last night at a meeting I went to that he should have a letter signed by her to say she is self emplo...

Leger · Leger

In what circumstances would mileage be taxable? I have been asked to make a retrospective P87 claim for the difference between what the employer pays against the approved rate. Looking at the payslips some mileage is showing as taxable and some not. If it makes any difference this is a county counc...

Spinner · Spinner

Hello, I have a new client who sells used cars and is on the margin scheme for his VAT returns. He has been told previously that he could include the VAT he paid on purchases of cars and then also put the same cars VAT on when sold under the margin scheme. He might not always sell the cars in the same quarter an...

Topic		Started By	Replies	Views	Last Post
	Reasonable excuse for late filing (Preview) Hi Stupid question but should there be a late filing charge of Â£100 is the party has died and is currently going through probate? HMRC is aware that he has passed away but have sent the late filing penalty. As the probate is not finalised there is no one who can authorise the return. Thanks Lyndsey	Lyndsey	3	850	Thu Mar 2 09:43 2017 by Lyndsey
	Claiming interest on Car Loan (Preview) Hi I wondered if anyone could tell me how you standing on claiming interest on a car loan. I am talking about a partnership and one of the partners has just purchased a car which we are looking to put on the books, but obviously this car will have both personal and business use. I believe I can claim Capita...	Elaine Rae	3	837	Wed Mar 1 20:38 2017 by abacus12345
	Correcting Payroll when RTI Has been sent (Preview) I run Payroll for a client, and have sent the RTI, but they've now come back to me to say that they want something changed on a payslip, plus someone is leaving tomorrow so they need his P45. How do I do this so its all for Month 11 after the RTI has been sent? I'm using 12Pay, v. 1.17.25.	Sammy76	3	684	Tue Feb 28 20:04 2017 by Cheshire
	Vat return error (Preview) Hi, Just wondered if anyone could help. We use Sage Instant Accounts for our book keeping. I've gone to run the latest VAT return Nov '16 - Jan '17 and the purchases figure is triple what it normally is. I think it may have something to do with the year end as I recently did the tax return on Sage to submit...	Emma25	8	756	Tue Feb 28 19:25 2017 by Cheshire
	Margin Scheme - Used Cars (Preview) When using the margin scheme for used cars, does the whole net figure for the purchase of the car still get included in box 7 and the sale in box 6 as usual? Thanks	morgwick	1	619	Mon Feb 27 21:57 2017 by Cheshire
	Embedded capital allowances (Preview) I wonder if anyone can give me a steer on this please. I have a potential new client, subject to normal clearance etc, with one Furnished Holiday Let as well as the main business. He advised that he had sold the FHL and was just awaiting exchange of contracts. Not a problem in that the business is the main...	Jay	0	670	Sun Feb 26 20:34 2017 by Jay
	VAT adjustments (Preview) Hello, Imagine you've entered a invoice in Sage Instants, V19. You've entered an invoice totalling £6000, £5000 net £1000 vat. It turns out that it shouldn't have VAT attached for whatever reason. What I've done, up to yet to rectify, Dr the expense account £1000 with 0% rate of VAT (Bring the total...	Seb	2	714	Sun Feb 26 17:27 2017 by abacus12345
	VAT on fuel element of mileage allowance (Preview) Hi all, Not posted for ages....hope everyone is well I hope someone can clear this up for me. I tried a search but couldn't find any recent posts regarding this. One of my clients wishes to start reclaiming the VAT on the fuel element of mileage allowance paid to employees for travel in their priv...	Stardoe	3	1013	Sat Feb 25 21:09 2017 by Stardoe
	Stamp duty on BTL properties (Preview) Hi is anyone good on the new BTL stamp duty rules? The scenario is... 2 brothers inherit a btl property (already let out) without a mortgage 1 brother wants to keep and the other wants to be bought out So the 1 brother wants to get a BTL mortgage on the property to buy his brother out Would this be subj...	Lyndsey	5	749	Thu Feb 23 14:21 2017 by Lyndsey
	Employers NI (Preview) Good morning all! Can someone help with a quick question. One of my clients pays their employees a salary plus a petrol allowance each month. Both go through payroll and are taxed and NI'd appropriately. My question is, because it is a petrol allowance, does it still qualify for Employers NI? Any a...	KAZ	5	689	Thu Feb 23 12:56 2017 by KAZ
	VAT when Billing abroad for UK Services? (Preview) OK, this is a good one, and a bit too close to home, as it relates to my hubby! He is in the process of accepting a role through a Swiss recruitment agency, working on a project for a global IT company. The end client is a UK Bank, and that is where he will be based, and who will benefit from his services. (With m...	LizB	1	752	Wed Feb 22 17:45 2017 by leshoward
	Revenue registration (Preview) Hi, I trying to help a friend out. They have been trading for 13 months - 2 of which are in the previous tax year. They haven't yet advised HMRC that they've been trading. How do I request a that the first set of accounts reported thro' self assessment are for a "long period"? No profits were made in the f...	Accounts By Al	7	1082	Mon Feb 20 22:24 2017 by Leger
	Aat payroll (Preview) Struggling to find info on wether there is a specific aat payroll course that can be took alongside my main course. Any of you lovely people know.	Muzzy2kuk	11	1207	Sat Feb 18 00:01 2017 by Leger
	Employee Starting a Side Business - At what point does side business income become taxable? (Preview) Hi All, Hope everyone's well. I'm currently involved in a discussion with a colleague of mine over a situation regarding side business income - hoping someone can clarify. It's loosely based on a situation with a mutual friend of ours. If an employed person(employment is only income) was to set up...	J_asonR	5	930	Fri Feb 17 14:17 2017 by J_asonR
	Payroll reporting help please (Preview) Hi, Hope everyone is well One of my clients is taking on their first employee. She will earn under £112.00 a week so told him they didn't need a payroll setting up. They have now told me that sometimes she might do extra hours and so will earn over the threshold. How does this work please? Do they need s...	Susie Sue	4	829	Thu Feb 16 18:50 2017 by Susie Sue
	Director's salary and pension qualifying years (Preview) Can I just check I'm right on this? If I have a husband and wife directors only payroll, and they take a salary of £8060 per year each (just under the primary threshold so they pay no NI), will it still count as a qualifying year for state pension because they're over the Lower Earnings Limit of £5824 pa? Th...	Rachel767	6	1342	Tue Feb 14 17:00 2017 by abacus12345
	How long do HMRC repayments take? (Preview) I pay money towards my tax bill every week by direct debit and after submitting my return I've overpaid HMRC. I decided I wanted £300 of this back and submitted (online) a repayment request. This was over two weeks ago. How long does a repayment normally take?	Peasie	16	11311	Sat Feb 11 10:28 2017 by Cheshire
	bank payments to worker (Preview) Hello One of my clients pays a lady to work for him for a few hours each week, from his bank account. She is self employed and does her own tax return etc. Does my client need anything from her re tax / NI? I was told last night at a meeting I went to that he should have a letter signed by her to say she is self emplo...	meadow	7	1012	Sat Feb 11 10:04 2017 by Cheshire
	Mileage Allowance taxable (Preview) In what circumstances would mileage be taxable? I have been asked to make a retrospective P87 claim for the difference between what the employer pays against the approved rate. Looking at the payslips some mileage is showing as taxable and some not. If it makes any difference this is a county counc...	Leger	10	1009	Tue Feb 7 16:31 2017 by Leger
	Used car sales on margin scheme (Preview) Hello, I have a new client who sells used cars and is on the margin scheme for his VAT returns. He has been told previously that he could include the VAT he paid on purchases of cars and then also put the same cars VAT on when sold under the margin scheme. He might not always sell the cars in the same quarter an...	Spinner	4	1081	Wed Feb 1 08:43 2017 by Spinner
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