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

Lyndsey · Lyndsey

Hi I think I am having a brain freeze and cant think! One of those days! One of my client has just registered for flat rate VAT in April (was not VAT reg before). We need to account for gross receipts/payments and then tax the flat rate amount from the turnover in the income tax calculation? Is this right? S...

Georgie · Georgie

Hi Is it the business owner or the agent that writes to HMRC to request to leave the flat rate scheme? Georgie

Georgie · Georgie

Blimey it's one question after another at the moment sorry folks.... Just finished a sole traders accounts and they went over the threshold for vat last November. I know I have to register him and he will have to pay any Vat due from that date onwards but I was thinking about the additional work that is g...

blueeyes · blueeyes

Hi all, I have a question. I have a client who withdrew all his private pension with Scottish Widows in which I have the P45. The payment he received into bank was £19082. Tax free amount of £6614, taxable amount of £19844, tax deducted £7377. When it comes to his tax return do I fill in the UK pensions annu...

blueeyes · blueeyes

Hi, Please can someone explain to me how the transfer of 10% personal allowance works please? When filling in the tax return I can only find the option to transfer 10% from the client to wife but the wife isn't employed and therefore wants to transfer 10% of her PA to her husband. Thanks in advance

naniuk · naniuk

Hi everyone, maybe someone with experience in Freeagent could give me a bit of a hand :) Im a bit confused regarding the VAT rates in Freeagent. First some facts about my business to make it clear: - MOSS VAT Registered - Have VAT number - Under the threshold I see Freeagent has 0% and N/A as VAT rates, when...

bk · bk

Is anyone else having problems with RTI submissions. I have set up 2 new payrolls and keep getting rejections from HMRC for the RTI submissions. It is saying that the agent ID and password is not correct, but its the same as all my others. Just seems to be a problem with these 2 new ones. Cheers Debbie

Gail72 · Gail72

Hi Usually with payroll i have been on site working fo the employer using their payroll copany login details etc I have now been asked to privately do someones payroll using my own software - i have all the ML registrations in place etc and the software Am i right to think that i need a PAYE Agent ID cod...

LoudMonkey · LoudMonkey

Hi All, I would be so grateful if someone could help as I'm having a Friday afternoon mind blank. Am I right in thinking that unless I go in and manually enter the correct T code, all of my payments on account will register on the VAT Return as T0 until they are matched to the corresponding invoice? Many t...

Leger · Leger

On taxfiler, for sole trader who started part way through the year I have put accounting start date as 1st September 2014 and accounting finish date as 31st March 2015. It's telling me I can't use the short form version when the accounting date has changed. I don't remember coming across this on the H...

Lorry10 · Lorry10

A client who has only one sale (web design) is planning on making his Ltd company dormant whilst he goes back to fulltime employment for a while. When would the final VAT return be filed - at the next quarter end as usual or at the date the company is officially dormant for whatevever period has passed sin...

pbr · pbr

I have friend who is self-Employer and started limited company, and now he is drawing monthly salary from his company's account as a Director for his company, So does hi need to get payslip to show HMRC his earning and if has than does he need to get his TAX code or he can still use his self-employee c...

Georgie · Georgie

Morning all, I feel a daft question coming on..... If a client takes on a subbie and they say they are not CIS how would you know ? If you are not operating a PAYE scheme you can't verify them can you? Georgie

Georgie · Georgie

Hi, Ive just taken on a client who subcontracts to a large D.I.Y store. He isnt Vat registered but should be as he is over the threshold so need to advise asap My question is though, why aren't the self billing invoices showing any Vat from the DIY company? Georgie

Leger · Leger

http://www.book-keepers.org.uk/t61698853/when-to-incorporate/Permalink Reply Quote Amendment to the National Insurance Contributions Act 20142. In section 2 of the National Insurance Contributions Act 2014 (exceptions), after subs...

Taylor1 · Taylor1

hello all I wonder if anyone can help me, I am trying to do a VAT return on sage, the first one went through perfectly however this time it's telling me I am due a rebate and I know I am not my sales are far too high. I have looked into the VAT return detail and the thing that jumps out st me immediately is the top...

Newbie84 · Newbie84

Dear All Could you tell me the reasons why on a tax return Class NIC 4 will be exempted? I am querying this for my wife Regards John -- Edited by Newbie84 on Thursday 28th of April 2016 02:08:00 AM

sarah493 · sarah493

Hi All, I'm looking for a bit of knowledge. I do the books for two companies with the same director. One company renovates houses for resale and the other is a construction company. The company that usually renovates has just started a job building a couple of new builds. They are using the constructi...

Georgie · Georgie

Hi I report the CIS suffered each month but have found a discrepancy between what my client was deducted and what the contractor reported. My client can verify that his invoices were paid less the 20% deduction so as i need to submit the final EPS for this year (yes I know it's late but I have been waiting f...

nicd1981 · nicd1981

Hi everyone, has anyone used HMRC Basic PAYE tools? I need to resubmit the payroll due to some changes to CIS tax but Money soft wont let me resubmit as its past 19.04.16. It says I need to use HMRC paye tools, ive downloaded it but have never used it before, any pointers? Mainly around the CIS part , do I ne...

Topic		Started By	Replies	Views	Last Post
	Flat rate VAT and Income Tax (Preview) Hi I think I am having a brain freeze and cant think! One of those days! One of my client has just registered for flat rate VAT in April (was not VAT reg before). We need to account for gross receipts/payments and then tax the flat rate amount from the turnover in the income tax calculation? Is this right? S...	Lyndsey	2	1211	Fri May 13 09:57 2016 by Lyndsey
	Flate rate Vat (Preview) Hi Is it the business owner or the agent that writes to HMRC to request to leave the flat rate scheme? Georgie	Georgie	2	892	Wed May 11 15:26 2016 by Georgie
	Over the threshold for vat (Preview) Blimey it's one question after another at the moment sorry folks.... Just finished a sole traders accounts and they went over the threshold for vat last November. I know I have to register him and he will have to pay any Vat due from that date onwards but I was thinking about the additional work that is g...	Georgie	23	5402	Tue May 10 17:53 2016 by Georgie
	Pension lump sum withdrawal. What goes where on tax return? (Preview) Hi all, I have a question. I have a client who withdrew all his private pension with Scottish Widows in which I have the P45. The payment he received into bank was £19082. Tax free amount of £6614, taxable amount of £19844, tax deducted £7377. When it comes to his tax return do I fill in the UK pensions annu...	blueeyes	1	1037	Mon May 9 20:38 2016 by Cheshire
	How does the transfer of 10% personal allowance work? (Preview) Hi, Please can someone explain to me how the transfer of 10% personal allowance works please? When filling in the tax return I can only find the option to transfer 10% from the client to wife but the wife isn't employed and therefore wants to transfer 10% of her PA to her husband. Thanks in advance	blueeyes	7	1285	Mon May 9 11:13 2016 by blueeyes
	Freeagent and VAT MOSS (Preview) Hi everyone, maybe someone with experience in Freeagent could give me a bit of a hand :) Im a bit confused regarding the VAT rates in Freeagent. First some facts about my business to make it clear: - MOSS VAT Registered - Have VAT number - Under the threshold I see Freeagent has 0% and N/A as VAT rates, when...	naniuk	1	1063	Sat May 7 21:05 2016 by Cheshire
	RTI submissions (Preview) Is anyone else having problems with RTI submissions. I have set up 2 new payrolls and keep getting rejections from HMRC for the RTI submissions. It is saying that the agent ID and password is not correct, but its the same as all my others. Just seems to be a problem with these 2 new ones. Cheers Debbie	bk	1	851	Fri May 6 19:27 2016 by Cheshire
	Agent for payroll (Preview) Hi Usually with payroll i have been on site working fo the employer using their payroll copany login details etc I have now been asked to privately do someones payroll using my own software - i have all the ML registrations in place etc and the software Am i right to think that i need a PAYE Agent ID cod...	Gail72	1	934	Fri May 6 14:17 2016 by Leger
	Effect on Payment on Account on the VAT Return (Preview) Hi All, I would be so grateful if someone could help as I'm having a Friday afternoon mind blank. Am I right in thinking that unless I go in and manually enter the correct T code, all of my payments on account will register on the VAT Return as T0 until they are matched to the corresponding invoice? Many t...	LoudMonkey	2	1050	Fri May 6 13:55 2016 by VinceH
	Short Form Self Assessment (Preview) On taxfiler, for sole trader who started part way through the year I have put accounting start date as 1st September 2014 and accounting finish date as 31st March 2015. It's telling me I can't use the short form version when the accounting date has changed. I don't remember coming across this on the H...	Leger	1	1178	Wed May 4 20:58 2016 by Leger
	Dormancy Procedures - VAT (Preview) A client who has only one sale (web design) is planning on making his Ltd company dormant whilst he goes back to fulltime employment for a while. When would the final VAT return be filed - at the next quarter end as usual or at the date the company is officially dormant for whatevever period has passed sin...	Lorry10	4	1011	Mon May 2 20:43 2016 by Lorry10
	payslip (Preview) I have friend who is self-Employer and started limited company, and now he is drawing monthly salary from his company's account as a Director for his company, So does hi need to get payslip to show HMRC his earning and if has than does he need to get his TAX code or he can still use his self-employee c...	pbr	1	969	Mon May 2 20:17 2016 by Cheshire
	CIS? (Preview) Morning all, I feel a daft question coming on..... If a client takes on a subbie and they say they are not CIS how would you know ? If you are not operating a PAYE scheme you can't verify them can you? Georgie	Georgie	8	1567	Mon May 2 18:59 2016 by Georgie
	Self Billing and Vat (Preview) Hi, Ive just taken on a client who subcontracts to a large D.I.Y store. He isnt Vat registered but should be as he is over the threshold so need to advise asap My question is though, why aren't the self billing invoices showing any Vat from the DIY company? Georgie	Georgie	3	1323	Sat Apr 30 14:13 2016 by Georgie
	Employment Allowance - Clarification (Preview) http://www.book-keepers.org.uk/t61698853/when-to-incorporate/Permalink Reply Quote Amendment to the National Insurance Contributions Act 20142. In section 2 of the National Insurance Contributions Act 2014 (exceptions), after subs...	Leger	20	2288	Sat Apr 30 12:12 2016 by Cheshire
	Sage VAT (Preview) hello all I wonder if anyone can help me, I am trying to do a VAT return on sage, the first one went through perfectly however this time it's telling me I am due a rebate and I know I am not my sales are far too high. I have looked into the VAT return detail and the thing that jumps out st me immediately is the top...	Taylor1	37	2226	Sat Apr 30 12:02 2016 by Cheshire
	Class 4 Exempt (Preview) Dear All Could you tell me the reasons why on a tax return Class NIC 4 will be exempted? I am querying this for my wife Regards John -- Edited by Newbie84 on Thursday 28th of April 2016 02:08:00 AM	Newbie84	5	1216	Thu Apr 28 22:25 2016 by Cheshire
	VAT and new builds (Preview) Hi All, I'm looking for a bit of knowledge. I do the books for two companies with the same director. One company renovates houses for resale and the other is a construction company. The company that usually renovates has just started a job building a couple of new builds. They are using the constructi...	sarah493	5	1258	Wed Apr 27 20:22 2016 by leshoward
	CIS reported incorrectly (Preview) Hi I report the CIS suffered each month but have found a discrepancy between what my client was deducted and what the contractor reported. My client can verify that his invoices were paid less the 20% deduction so as i need to submit the final EPS for this year (yes I know it's late but I have been waiting f...	Georgie	13	1128	Wed Apr 27 19:15 2016 by Georgie
	HMRC Basic PAYE tools (Preview) Hi everyone, has anyone used HMRC Basic PAYE tools? I need to resubmit the payroll due to some changes to CIS tax but Money soft wont let me resubmit as its past 19.04.16. It says I need to use HMRC paye tools, ive downloaded it but have never used it before, any pointers? Mainly around the CIS part , do I ne...	nicd1981	3	1410	Tue Apr 26 19:11 2016 by Cheshire
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