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

111 Bookkeeping and Payroll · 111 Bookkeeping and Payroll

When did payments on account first come in for self assessments? I've been given a rather interesting job unraveling how some outstanding tax has been incurred over the last 4 or 5 years, and first glance this morning suggests this may be part of the problem. Also, this gentleman has submitted paper...

neodjandre · neodjandre

Our LLP was incorporated on 27 Dec 2012. We have already submitted last year's tax return for the period 27 Dec 12 - 05 Apr 13 with £nil figures as the LLP had no trading. Now we have to submit our LLP Tax return for the tax year 06 Apr 13 - 05 Apr 14. Our accounts sent to company house have a year end of 31 Decembe...

Princess · Princess

A client has been told she is getting an HMRC inspection on one of her tax returns. It is the year before I took her on but I've said she can have the meeting at my offices as her previous accountant lives a long way away. I've never done one of these inspections, can anyone let me know what happens? I pres...

Mlawson · Mlawson

I have a friend whos a plumber and about to register for VAT. His got confused and now totally confused me with regard to how to invoice his customers. He pays out for a lot of materials/supplies which he pays VAT his not charging VAT yet so when he invoices its for materials plus labour charges. When VA...

PW1980 · PW1980

Afternoon All. Client has informed me that one of his employees is due to start SMP leave at the beginning of April. [There are only two employees, The Director and one staff member] Employee qualifies based on length of service, pay level etc for SMP.My question is surrounding the SMP funding and com...

David Rosario · David Rosario

Hello fellow bookkeepers, I have a client who has an invoice from his "SIPP" pension fund. The invoice is not very clear. Can someone please answer the following question... Is a pension fund withdrawal tax deductible when doing a Tax Return? The money is withdrawn directly from his pe...

kimrs007 · kimrs007

Hi Guys, I was hoping you could help me with something... We have had a new broadband service installed total cost £3000 plus £600 VAT. As part of a local business incentive the council are paying the broadband company the £3000 part of the invoice direct and have said we just need to pay the broadband c...

Lizzytish · Lizzytish

Hello everyone, this is my first posting but was wondering if anyone can help. i do the book keeping for a ltd company within the construction industry. I currently calculate the pay for the subbies having verified if necessary then make payment and pass all the relevant paperwork over to the account...

SamBook · SamBook

Hi Everyone, I have tried to call HMRC regarding this but as you can imagine it's pretty hard to get through My issue is that I'm doing a SA for a friend and I have noticed that she has underpaid her class 1 NIC contributions (she has two jobs, for 1 of the jobs her tax code was BR so no NI was collected - she al...

111 Bookkeeping and Payroll · 111 Bookkeeping and Payroll

This is just a curiosity question. Client has a car which at first I didn't include in accounts because I thought he had sold it same tax year. Turns out it was a couple of months later so I've included it. Value is 1400 and its over 160 g/km so 8% special rate pool. Calculates at £112 less 25% personal use...

Georgie · Georgie

Hi Does anyone know the double entry in VT for the vat element of the advisory fuel rate? There is £10.66 of vat to reclaim on 400 miles @ 16p ( hope this correct)? Georgie

Marky65 · Marky65

Hi Long time without posting or contributing due to expansion but hoping its settled down now so will be back on here more often (but knew where to turn for help ) I have a client, recently taken over, who in April 2013 converted from Sole Trader to Ltd Company and a lot of his work falls within the constru...

Nimac · Nimac

Hello As a sub-contractor, the company i work for has CIS deducted from payments received, as you know we should be receiving deduction statements from the main contractor indicating how much they have deducted to enable returns to be made. Most main contractors do this without fail however some se...

Woodward · Woodward

Hi, I have a client who has been self employed and has now stopped trading and has a job. They have been given a p46 to complete and have asked me which boxto tick, a or b. I'm not sure.... any help out there? Thank you Woodward

Peasie · Peasie

Latest client has two companies one of which now has no employees but they wish to keep PAYE scheme going (for whatever reason). They are currently getting demands (into thousands of pounds based on assessments) as they have not been sending in any EPS to say there was no payments that month. I've no id...

Cluck · Cluck

Sorry - me again with another VAT question! My client has purchased a football strip for his local under 7s football team. His son is on the team but kit has been provided for them all by way of sponsorship of the team. Can he reclaim the VAT? The company logo will appear on the kit and is plastered all ov...

Cluck · Cluck

Hi I have a VAT registered Ltd Co client. He has a van on contract hire in the company name. He has just had to pay for some bodyshop type repairs and new tyres for the van. Repairs have been paid for using the company debit card but the invoices have been addressed to the director at his home address. Wh...

David Rosario · David Rosario

Hello fellow bookkeeper's, Please can someone give me the appropriate procedure in the following case I currently have with my client... I am currently in the process of organising my client's documents for this year's SA tax return, but I have a query. One of his receipts is for April 2013 and is dat...

Elaine R · Elaine R

Hi All, Can you claim for garden landscaping as tax allowable expenses and also Carpet and Laminate flooring? My client has bought a property and is renting it out. They have fitted a new kitchen and bathroom which comes under improvements so cannot be claimed unless they sell the property and it is o...

Onion4Sage · Onion4Sage

Hi All, The gist of the change being made is that, after 1 April 2015, VAT is to be accounted for on the consideration actually received for goods / services. Consequently, if the settlement discount is not earned, the common practice of accounting for VAT only on the discounted amount will not c...

Topic		Started By	Replies	Views	Last Post
	Payments on account - self assessment (Preview) When did payments on account first come in for self assessments? I've been given a rather interesting job unraveling how some outstanding tax has been incurred over the last 4 or 5 years, and first glance this morning suggests this may be part of the problem. Also, this gentleman has submitted paper...	111 Bookkeeping and Payroll	2	947	Wed Jan 28 05:34 2015 by 111 Bookkeeping and Payroll
	LLP Tax Return Accounting Period (Preview) Our LLP was incorporated on 27 Dec 2012. We have already submitted last year's tax return for the period 27 Dec 12 - 05 Apr 13 with £nil figures as the LLP had no trading. Now we have to submit our LLP Tax return for the tax year 06 Apr 13 - 05 Apr 14. Our accounts sent to company house have a year end of 31 Decembe...	neodjandre	0	853	Tue Jan 27 14:00 2015 by neodjandre
	HMRC inspection (Preview) A client has been told she is getting an HMRC inspection on one of her tax returns. It is the year before I took her on but I've said she can have the meeting at my offices as her previous accountant lives a long way away. I've never done one of these inspections, can anyone let me know what happens? I pres...	Princess	18	3147	Sat Jan 24 13:10 2015 by Wella
	Vat for plumber (Preview) I have a friend whos a plumber and about to register for VAT. His got confused and now totally confused me with regard to how to invoice his customers. He pays out for a lot of materials/supplies which he pays VAT his not charging VAT yet so when he invoices its for materials plus labour charges. When VA...	Mlawson	2	1135	Fri Jan 23 20:07 2015 by Cheshire
	SMP Funding (Preview) Afternoon All. Client has informed me that one of his employees is due to start SMP leave at the beginning of April. [There are only two employees, The Director and one staff member] Employee qualifies based on length of service, pay level etc for SMP.My question is surrounding the SMP funding and com...	PW1980	7	5999	Fri Jan 23 11:26 2015 by annabookkeeper
	Withdrawal from pension fund (Preview) Hello fellow bookkeepers, I have a client who has an invoice from his "SIPP" pension fund. The invoice is not very clear. Can someone please answer the following question... Is a pension fund withdrawal tax deductible when doing a Tax Return? The money is withdrawn directly from his pe...	David Rosario	5	855	Wed Jan 21 17:59 2015 by Cheshire
	All VAT payment?? (Preview) Hi Guys, I was hoping you could help me with something... We have had a new broadband service installed total cost £3000 plus £600 VAT. As part of a local business incentive the council are paying the broadband company the £3000 part of the invoice direct and have said we just need to pay the broadband c...	kimrs007	7	1000	Tue Jan 20 16:48 2015 by leshoward
	CIS payroll (Preview) Hello everyone, this is my first posting but was wondering if anyone can help. i do the book keeping for a ltd company within the construction industry. I currently calculate the pay for the subbies having verified if necessary then make payment and pass all the relevant paperwork over to the account...	Lizzytish	5	2268	Tue Jan 20 10:31 2015 by 111 Bookkeeping and Payroll
	Class 1 NIC underpaid (Preview) Hi Everyone, I have tried to call HMRC regarding this but as you can imagine it's pretty hard to get through My issue is that I'm doing a SA for a friend and I have noticed that she has underpaid her class 1 NIC contributions (she has two jobs, for 1 of the jobs her tax code was BR so no NI was collected - she al...	SamBook	1	1221	Tue Jan 20 10:23 2015 by 111 Bookkeeping and Payroll
	Capital Allowance on car (Preview) This is just a curiosity question. Client has a car which at first I didn't include in accounts because I thought he had sold it same tax year. Turns out it was a couple of months later so I've included it. Value is 1400 and its over 160 g/km so 8% special rate pool. Calculates at £112 less 25% personal use...	111 Bookkeeping and Payroll	6	1038	Mon Jan 19 15:53 2015 by 111 Bookkeeping and Payroll
	Vat element in VT (Preview) Hi Does anyone know the double entry in VT for the vat element of the advisory fuel rate? There is £10.66 of vat to reclaim on 400 miles @ 16p ( hope this correct)? Georgie	Georgie	1	769	Sun Jan 18 17:25 2015 by Georgie
	CIS deductions, Ltd company payroll or Individual Self-assessment ? (Preview) Hi Long time without posting or contributing due to expansion but hoping its settled down now so will be back on here more often (but knew where to turn for help ) I have a client, recently taken over, who in April 2013 converted from Sole Trader to Ltd Company and a lot of his work falls within the constru...	Marky65	4	967	Thu Jan 15 18:03 2015 by Cheshire
	CIS deduction statements or lack of!! (Preview) Hello As a sub-contractor, the company i work for has CIS deducted from payments received, as you know we should be receiving deduction statements from the main contractor indicating how much they have deducted to enable returns to be made. Most main contractors do this without fail however some se...	Nimac	3	1079	Thu Jan 15 15:11 2015 by Marky65
	New Starter Declaration when been self employed (Preview) Hi, I have a client who has been self employed and has now stopped trading and has a job. They have been given a p46 to complete and have asked me which boxto tick, a or b. I'm not sure.... any help out there? Thank you Woodward	Woodward	2	1540	Thu Jan 15 13:15 2015 by Woodward
	Sage 50 Payroll (or even HMRC Basic Tools) - is this possible (to save me wasting time, if not) ? (Preview) Latest client has two companies one of which now has no employees but they wish to keep PAYE scheme going (for whatever reason). They are currently getting demands (into thousands of pounds based on assessments) as they have not been sending in any EPS to say there was no payments that month. I've no id...	Peasie	10	1316	Wed Jan 14 17:26 2015 by Marky65
	VAT on Sponsorship (Preview) Sorry - me again with another VAT question! My client has purchased a football strip for his local under 7s football team. His son is on the team but kit has been provided for them all by way of sponsorship of the team. Can he reclaim the VAT? The company logo will appear on the kit and is plastered all ov...	Cluck	1	1280	Wed Jan 14 17:04 2015 by Cheshire
	Address on VAT Invoice (Preview) Hi I have a VAT registered Ltd Co client. He has a van on contract hire in the company name. He has just had to pay for some bodyshop type repairs and new tyres for the van. Repairs have been paid for using the company debit card but the invoices have been addressed to the director at his home address. Wh...	Cluck	3	1313	Wed Jan 14 12:12 2015 by Cluck
	An expense of last year... (Preview) Hello fellow bookkeeper's, Please can someone give me the appropriate procedure in the following case I currently have with my client... I am currently in the process of organising my client's documents for this year's SA tax return, but I have a query. One of his receipts is for April 2013 and is dat...	David Rosario	5	1187	Tue Jan 13 21:00 2015 by FoxAccountancyServices
	Rental Property Expenses (Preview) Hi All, Can you claim for garden landscaping as tax allowable expenses and also Carpet and Laminate flooring? My client has bought a property and is renting it out. They have fitted a new kitchen and bathroom which comes under improvements so cannot be claimed unless they sell the property and it is o...	Elaine R	0	1006	Tue Jan 13 20:47 2015 by Elaine R
	Prompt Payment Discount VAT Change (Preview) Hi All, The gist of the change being made is that, after 1 April 2015, VAT is to be accounted for on the consideration actually received for goods / services. Consequently, if the settlement discount is not earned, the common practice of accounting for VAT only on the discounted amount will not c...	Onion4Sage	0	2070	Tue Jan 13 13:19 2015 by Onion4Sage
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