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

parrott · parrott

Please can someone explain how I deal with the following issues: My main customer who I do lots of subcontract work for never issues me with CIS monthly statements. All of the invoices I send them usually are a mixture of mainly labour and some materials. Here's an example of one of my invoices; Labour...

kimrs007 · kimrs007

Hi guys, I was hoping someone could just give me a bit of help! We don't currently submit p11ds as we have the exemption, however we may need to change things soon due to the company expanding fairly quickly. What I can't seem to find anywhere is info on exactly what deductions are taken and from who. My...

numbnumber · numbnumber

I have just learnt that an employee of one of my clients has gone to prison for two years. I have not paid him for the past four weeks as no time sheets were submitted. My question is does he stay on the payroll and accrue holiday but does not get paid or do I issue a P45 and we part company or is this unfair dis...

ChrisBolton · ChrisBolton

Hi there I have a client who imports from Europe, normally the supplier invoice is zero rated. However, he is buying from Norway, apparently as they are not in the EU they have to charge vat, and we have to reclaim directly from Norway. I have looked into it, we have to submit a form, original invoice an...

Lyndsey · Lyndsey

Hi I understand you "shouldn't" effectively make any profit from the Flat Rate VAT scheme, but of course there is a possibility of a difference. I currently account traditionally for the VAT, and manually calculate the flat rate VAT. I did this to keep an eye to make sure we are not making any huge loss....

Lyndsey · Lyndsey

Hi all Just wondering I know you can't claim VAT back on cars, due to the likeliness of personal use, however, is this possible on commercial vans, either outright purchase or leasing? What if there is personal use ie driving to/from home? Thanks Lyndsey

taskey · taskey

Afternoon Hoping someone can point me in the right direction. We are a scaffolding company and have a project at the moment for a rather large house building company. We supply the scaffolding whilst the new houses are being built and get paid on a monthly basis according to the measured works. We pr...

dgts2012 · dgts2012

Hi All, Thought i would pop a post up that may save some people some time! I received a Generic notification yesterday for a query on Subcontractor's Tax Treatment. Double checked my entire CIS return to make sure i hadn't messed up, searched the web, then bit the bullet to ring the helpline (Hate talk...

DH · DH

Hi All We have received a supplier invoice from a UK supplier but its in Euros. We have requested from the supplier that the invoice needs to show the UK GBP VAT equaivalent so we can reclaim the vat but i wasnt sure how to actually post the invoice onto our ledgers, ie what the journals would be? Any help g...

NA_AA · NA_AA

Hi all, In my previous posts I mentioned outsourcing any payroll work to a payroll provider as we do not intend to get involved in payroll work. Whilst searing for the right payroll provider, I have found that many are charging a high fee to set up auto enrollment for each employee. Circa £300- £400 per...

Leger · Leger

Doing the books for a Ltd Co, who engage a self employed haulage driver on an as and when needed basis. There's a few overnight trips and the Company has paid the hotel bills, but also the drivers subsistence costs, not over extravagant I'm assuming that the hotel bills are fine but unsure about the me...

Leger · Leger

https://www.gov.uk/government/collections/making-tax-digital-consultations...

dgts2012 · dgts2012

Hello! Hope everyone is doing OK! The company i work for design, supply and construct timber frame structures mainly for new build house and flats, we would usually zero rate the invoices which is fine but we have just got an order for 1 house and a detached garage. The house is fine i can deal with that bu...

Leger · Leger

I am just registering someone as self employed, a taxi driver with his own vehicle who will be working for one firm. He can choose his own hours so I am satisfied that he's genuinely self employed, but just out of curiosity does this get HMRC excited? "The blurb says "If you are working for one person or fi...

fin6y · fin6y

I've got a client who has just given in his annual accounts paperwork and (despite previously telling me that he was monitoring it) has exceeded the VAT reg threshold and so I need to backdate an application for him. They have been working on a big building project for several months, so presumably the...

StuartAnder · StuartAnder

Hi, Im trying to find some info on HMRC website but cant find any thing, that gives me a simple answer (Surprise) If I was a property developer, buying houses for renovation, when they are revamped and ready to sell, would I have to add VAT onto the price? My guess would be no, but it would be worth being re...

alpal1971 · alpal1971

Hi My client is an asbestos removal contractor. They are CIS registered as both a contractor and sub-contractor. From now on, I will call them XX Ltd.. XX Ltd have just been granted Gross Payment Status, which will really help them out in terms of cashflow. My question is this: I have a heap of sales invo...

lesleyanneoliver · lesleyanneoliver

Hi guys. Does anyone have a spreadsheet template they would use to record the CIS information for submission to HMRC?

dgts2012 · dgts2012

Hi Everyone, Just wondering if someone would be able to help me please? I have an invoice for the rental of some software that is being my 12 monthly installments.....how do I account for the VAT on the invoice? Is it the same as if i was buying something on finance and the initial deposit is the VAT port...

pictures · pictures

Any someone (senior to me who does all the other book keeping side, I do payroll & CIS) managed to add 4 separate identical pay elements to Sage (for travel allowance) instead of the one I'd already set up and also sent a cheque to a new sub-contractor without verifying them (and of course they are St...

Topic		Started By	Replies	Views	Last Post
	CIS Tax, contractor payments on account and no CIS statement issued (Preview) Please can someone explain how I deal with the following issues: My main customer who I do lots of subcontract work for never issues me with CIS monthly statements. All of the invoices I send them usually are a mixture of mainly labour and some materials. Here's an example of one of my invoices; Labour...	parrott	10	2263	Fri Sep 30 11:31 2016 by Cheshire
	P11D implications (Preview) Hi guys, I was hoping someone could just give me a bit of help! We don't currently submit p11ds as we have the exemption, however we may need to change things soon due to the company expanding fairly quickly. What I can't seem to find anywhere is info on exactly what deductions are taken and from who. My...	kimrs007	0	892	Thu Sep 29 15:47 2016 by kimrs007
	Employee gone to prison (Preview) I have just learnt that an employee of one of my clients has gone to prison for two years. I have not paid him for the past four weeks as no time sheets were submitted. My question is does he stay on the payroll and accrue holiday but does not get paid or do I issue a P45 and we part company or is this unfair dis...	numbnumber	3	988	Thu Sep 29 14:12 2016 by numbnumber
	Norwegian VAT (Preview) Hi there I have a client who imports from Europe, normally the supplier invoice is zero rated. However, he is buying from Norway, apparently as they are not in the EU they have to charge vat, and we have to reclaim directly from Norway. I have looked into it, we have to submit a form, original invoice an...	ChrisBolton	7	748	Wed Sep 28 22:48 2016 by Cheshire
	Tax accounting for profits in flat rate VAT scheme (Preview) Hi I understand you "shouldn't" effectively make any profit from the Flat Rate VAT scheme, but of course there is a possibility of a difference. I currently account traditionally for the VAT, and manually calculate the flat rate VAT. I did this to keep an eye to make sure we are not making any huge loss....	Lyndsey	2	682	Tue Sep 27 20:35 2016 by Lyndsey
	VAT on purchase/lease business Van (Preview) Hi all Just wondering I know you can't claim VAT back on cars, due to the likeliness of personal use, however, is this possible on commercial vans, either outright purchase or leasing? What if there is personal use ie driving to/from home? Thanks Lyndsey	Lyndsey	3	804	Tue Sep 27 18:50 2016 by Shamus
	VAT on receipt (Preview) Afternoon Hoping someone can point me in the right direction. We are a scaffolding company and have a project at the moment for a rather large house building company. We supply the scaffolding whilst the new houses are being built and get paid on a monthly basis according to the measured works. We pr...	taskey	13	1081	Tue Sep 27 13:32 2016 by taskey
	CIS Generic Notification (Preview) Hi All, Thought i would pop a post up that may save some people some time! I received a Generic notification yesterday for a query on Subcontractor's Tax Treatment. Double checked my entire CIS return to make sure i hadn't messed up, searched the web, then bit the bullet to ring the helpline (Hate talk...	dgts2012	7	1695	Sun Sep 25 18:57 2016 by CLH
	UK supplier invoicing in Euros (Preview) Hi All We have received a supplier invoice from a UK supplier but its in Euros. We have requested from the supplier that the invoice needs to show the UK GBP VAT equaivalent so we can reclaim the vat but i wasnt sure how to actually post the invoice onto our ledgers, ie what the journals would be? Any help g...	DH	1	935	Mon Sep 12 18:48 2016 by Cheshire
	Payroll and auto enrolment set up (Preview) Hi all, In my previous posts I mentioned outsourcing any payroll work to a payroll provider as we do not intend to get involved in payroll work. Whilst searing for the right payroll provider, I have found that many are charging a high fee to set up auto enrollment for each employee. Circa £300- £400 per...	NA_AA	14	1251	Sun Sep 11 18:11 2016 by Leger
	Subsistence (Preview) Doing the books for a Ltd Co, who engage a self employed haulage driver on an as and when needed basis. There's a few overnight trips and the Company has paid the hotel bills, but also the drivers subsistence costs, not over extravagant I'm assuming that the hotel bills are fine but unsure about the me...	Leger	2	1065	Sun Sep 4 11:46 2016 by Leger
	Making tax digital - consultation documents (Preview) https://www.gov.uk/government/collections/making-tax-digital-consultations...	Leger	5	1298	Mon Aug 29 12:36 2016 by Leger
	VAT on garages (Preview) Hello! Hope everyone is doing OK! The company i work for design, supply and construct timber frame structures mainly for new build house and flats, we would usually zero rate the invoices which is fine but we have just got an order for 1 house and a detached garage. The house is fine i can deal with that bu...	dgts2012	3	2384	Tue Aug 23 16:15 2016 by dgts2012
	Self employed working for one firm. (Preview) I am just registering someone as self employed, a taxi driver with his own vehicle who will be working for one firm. He can choose his own hours so I am satisfied that he's genuinely self employed, but just out of curiosity does this get HMRC excited? "The blurb says "If you are working for one person or fi...	Leger	4	2911	Sun Aug 21 13:18 2016 by Leger
	Work In Progress... (Preview) I've got a client who has just given in his annual accounts paperwork and (despite previously telling me that he was monitoring it) has exceeded the VAT reg threshold and so I need to backdate an application for him. They have been working on a big building project for several months, so presumably the...	fin6y	5	1244	Thu Aug 18 16:49 2016 by fin6y
	VAT on Property Sales (Preview) Hi, Im trying to find some info on HMRC website but cant find any thing, that gives me a simple answer (Surprise) If I was a property developer, buying houses for renovation, when they are revamped and ready to sell, would I have to add VAT onto the price? My guess would be no, but it would be worth being re...	StuartAnder	7	1169	Thu Aug 18 14:28 2016 by Shamus
	Changing CIS status (Preview) Hi My client is an asbestos removal contractor. They are CIS registered as both a contractor and sub-contractor. From now on, I will call them XX Ltd.. XX Ltd have just been granted Gross Payment Status, which will really help them out in terms of cashflow. My question is this: I have a heap of sales invo...	alpal1971	16	2618	Thu Aug 18 11:42 2016 by Cheshire
	CIS (Preview) Hi guys. Does anyone have a spreadsheet template they would use to record the CIS information for submission to HMRC?	lesleyanneoliver	8	1196	Thu Aug 18 11:40 2016 by Cheshire
	VAT on monthly installments of invoice (Preview) Hi Everyone, Just wondering if someone would be able to help me please? I have an invoice for the rental of some software that is being my 12 monthly installments.....how do I account for the VAT on the invoice? Is it the same as if i was buying something on finance and the initial deposit is the VAT port...	dgts2012	3	1174	Mon Aug 15 23:16 2016 by Cheshire
	I had a week off (Preview) Any someone (senior to me who does all the other book keeping side, I do payroll & CIS) managed to add 4 separate identical pay elements to Sage (for travel allowance) instead of the one I'd already set up and also sent a cheque to a new sub-contractor without verifying them (and of course they are St...	pictures	19	1465	Thu Aug 11 18:39 2016 by VinceH
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