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Reasonable excuse for late filing
(Preview)
Hi
Stupid question but should there be a late filing charge of £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
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Lyndsey
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3
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848
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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...
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Elaine Rae
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3
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834
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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.
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Sammy76
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3
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682
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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...
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Emma25
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8
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754
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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
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morgwick
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1
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617
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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...
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Jay
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0
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664
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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...
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Seb
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2
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706
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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...
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Stardoe
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3
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1007
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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...
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Lyndsey
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5
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747
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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...
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KAZ
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5
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682
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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...
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LizB
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1
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749
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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...
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Accounts By Al
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7
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1078
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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.
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Muzzy2kuk
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11
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1204
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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...
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J_asonR
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5
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925
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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...
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Susie Sue
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4
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822
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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...
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Rachel767
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6
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1340
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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?
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Peasie
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16
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11309
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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...
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meadow
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7
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1006
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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...
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Leger
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10
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1007
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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...
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Spinner
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4
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1074
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