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

Georgie · Georgie

HI, I have a client who is employed - but I complete his tax return as he rents out property. He has recently told me that his employer has given him some shares in the company - He said it was a "profit share" . Can anyone confirm if he will pay CGT on these shares in this tax year as its a "cha...

NinaKoni · NinaKoni

Hi, I have an issue with authorisation for PAYE from my client. I have all the other online authorisations ( SA, CT, CIS) finished but there is a problem with PAYE. I am still waiting for clients authorisation code - two months. I have requested it twice and second will expire tomorrow. By this time I had...

morgwick · morgwick

Hi, am I correct in that if a UK registered company (registered for VAT also) pays for hotel accommodation in the EU, and the EU hotel includes their VAT on the invoice and charges the company in their currency, then the UK company can only reclaim the VAT via the HMRC online reclaim process direct to tha...

Sammy76 · Sammy76

I have a client, who's employee has to use his own mobile regularly for business use. He gets an itemised bill and has been separating the calls that are personal and only claiming the business calls. However, they have paid him two payments without having the bills to hand, therefore no VAT has been cl...

Georgie · Georgie

HI I'm having a heart attack, someone please advise: Client has just confirmed payroll ok to submit. I use Moneysoft but when I try and send the RTI it fails as it says my ID and password are incorrect. I have look in "Tools" checked my ID and password , they seem OK. What do I do now? Georgie

semsley · semsley

I've just been reading about RTI following all the letters to employers that have been received this week and come across the following on HMRCs Website:Contingency plansHave contingency plans ready in case of computer and/or other failures or problems, such as a loss of your internet connection...

Georgie · Georgie

Hi, i have a client under CIS who is VAT registered. His client will keep a 5% rentention of his invoice for 12 months. Can someone tell me how to show this on an voice regarding the VAT? Georgie

BOBOF · BOBOF

Hello all, When calculating the WDA on main pool plant & machinery, how should you treat the disposal of an item at nil value? In this case the item was simply binned as it no longer worked and had no scrap value. I've read the HMRC guidance and am still unsure of how to do it. Is is correct to, A) Dedu...

Mycroft · Mycroft

Hi I hope you can help me? I am preparing accounts and tax return for a client who has been the victim of a confidence trickster during the course of a business transaction. They have incurred quite significant legal fees trying to get their money back which I understand to be claimable as a business ex...

Azviedris · Azviedris

Can private non UK resident loan money (with interest) to Sole Trader in UK transferring money into bank account? What documents need to be prepared to support this deal? Thank you very much in advance. :)

dgts2012 · dgts2012

Hi, After a bit of advice please? We have purchased a second hand company van on finance, it is used solely for business use. Am I able to reclaim the VAT on this as I haven't physically paid the VAT as its on finance? Thanks Roxanne -- Edited by dgts2012 on Thursday 20th of November 2014 01:32:21 PM

KBS · KBS

My client is a small Ltd company with only himself on the payroll. He gets the usual monthly mobile bill each month which is his only phone So will obviously have some personal usage. The mobile bill is in his own name, not the company name and he is on the payroll declaring £660/month salary. I have two qu...

AGE · AGE

Hi from another newbie! I am an AAT Level 3 studier and have been doing the bookkeeping for a small cafe for a while now (and is my only client!) Just recently they have also asked me to do their payroll which is something i have no clue about! But after alot of reading and the help of sage one i am confident t...

Don Tax · Don Tax

Has anyone seen these yet? The first one I have tells the taxpayer in big bold letters that his tax is £255 and that "for every £1 of income, he paid 2p in tax". The trouble is that £255 is only the tax paid at source - less than a third of his liability. There's a whole pie chart on the back showi...

Don Tax · A

Hi, A friend of mine just asked for help with his personal tax return. I've prepared his tax return for 2013/14 already, which was pretty straight forward. The problem is he's been working as self employed since April 2012 but registered as with HMRC in Aug 2013 only. He was hoping he can declare all his...

Cheshire · Cheshire

Hi all If a client has a VAT inspection do you always attend the meeting? What is HMRC view if you dont?

David Rosario · David Rosario

Hello everyone, A client of mine is self employed, but has not been working for the previous tax year so he can sort out his hectic lifestyle, and you might ask how is he providing a living and I believe he is using up some sort of inheritance. The main question I am asking is... He believes, owing to an acco...

NinaKoni · NinaKoni

Hi all, I have a client asking me when do i expect they will receive their claimed VAT for the last quarter up to 31/08/2014. The company is in VAT checking procedure now. Could someone explain how much time it does usually take to do such a payment? Thank you!

Beackyb · Beackyb

the accountants for a company I book keep for has asked if the additions to equipment this year have replaced any old equipment so she can dispose of anything necessary. i have supplied a list to the director asking the question and he has answered 'what is the most tax efficient answer?' so my question...

Rhianrach · Rhianrach

Hi All So at work we have received our monthly bill and as it's now cold we (I) have used a tad more electricity trying to keep warm. The good people at British Gas claim that because we have gone over a previously determined usage level then we should be charged at 20% vat. Has anyone come across this befor...

Topic		Started By	Replies	Views	Last Post
	Capital Gains (Preview) HI, I have a client who is employed - but I complete his tax return as he rents out property. He has recently told me that his employer has given him some shares in the company - He said it was a "profit share" . Can anyone confirm if he will pay CGT on these shares in this tax year as its a "cha...	Georgie	2	761	Mon Dec 1 15:32 2014 by Georgie
	Submitting RTI as an agent without finalised authorisation (Preview) Hi, I have an issue with authorisation for PAYE from my client. I have all the other online authorisations ( SA, CT, CIS) finished but there is a problem with PAYE. I am still waiting for clients authorisation code - two months. I have requested it twice and second will expire tomorrow. By this time I had...	NinaKoni	3	2391	Mon Dec 1 13:50 2014 by NinaKoni
	VAT on EU travel and accommodation (Preview) Hi, am I correct in that if a UK registered company (registered for VAT also) pays for hotel accommodation in the EU, and the EU hotel includes their VAT on the invoice and charges the company in their currency, then the UK company can only reclaim the VAT via the HMRC online reclaim process direct to tha...	morgwick	0	797	Mon Dec 1 11:26 2014 by morgwick
	Employee mobile phone (Preview) I have a client, who's employee has to use his own mobile regularly for business use. He gets an itemised bill and has been separating the calls that are personal and only claiming the business calls. However, they have paid him two payments without having the bills to hand, therefore no VAT has been cl...	Sammy76	2	684	Mon Dec 1 10:23 2014 by books2013
	RTI submission failed (Preview) HI I'm having a heart attack, someone please advise: Client has just confirmed payroll ok to submit. I use Moneysoft but when I try and send the RTI it fails as it says my ID and password are incorrect. I have look in "Tools" checked my ID and password , they seem OK. What do I do now? Georgie	Georgie	6	1025	Sun Nov 30 17:47 2014 by GordonB
	RTI (Preview) I've just been reading about RTI following all the letters to employers that have been received this week and come across the following on HMRCs Website:Contingency plansHave contingency plans ready in case of computer and/or other failures or problems, such as a loss of your internet connection...	semsley	15	3960	Wed Nov 26 23:24 2014 by Cheshire
	VAT and retention (Preview) Hi, i have a client under CIS who is VAT registered. His client will keep a 5% rentention of his invoice for 12 months. Can someone tell me how to show this on an voice regarding the VAT? Georgie	Georgie	4	6636	Wed Nov 26 10:43 2014 by Georgie
	WDA on Plant & Machinery (Preview) Hello all, When calculating the WDA on main pool plant & machinery, how should you treat the disposal of an item at nil value? In this case the item was simply binned as it no longer worked and had no scrap value. I've read the HMRC guidance and am still unsure of how to do it. Is is correct to, A) Dedu...	BOBOF	1	956	Mon Nov 24 21:15 2014 by FoxAccountancyServices
	Tax deductable fraud loss (Preview) Hi I hope you can help me? I am preparing accounts and tax return for a client who has been the victim of a confidence trickster during the course of a business transaction. They have incurred quite significant legal fees trying to get their money back which I understand to be claimable as a business ex...	Mycroft	8	2380	Fri Nov 21 13:32 2014 by blueeyes
	Private person loan to Sole Trader Loans;soletrader; (Preview) Can private non UK resident loan money (with interest) to Sole Trader in UK transferring money into bank account? What documents need to be prepared to support this deal? Thank you very much in advance. :)	Azviedris	1	621	Fri Nov 21 10:05 2014 by AICB
	VAT on a Company Van purchased on Finanace (Preview) Hi, After a bit of advice please? We have purchased a second hand company van on finance, it is used solely for business use. Am I able to reclaim the VAT on this as I haven't physically paid the VAT as its on finance? Thanks Roxanne -- Edited by dgts2012 on Thursday 20th of November 2014 01:32:21 PM	dgts2012	2	771	Thu Nov 20 16:46 2014 by Sammy76
	Telephone bill (Preview) My client is a small Ltd company with only himself on the payroll. He gets the usual monthly mobile bill each month which is his only phone So will obviously have some personal usage. The mobile bill is in his own name, not the company name and he is on the payroll declaring £660/month salary. I have two qu...	KBS	3	1103	Thu Nov 20 11:00 2014 by Shamus
	Employee Tax Codes (Preview) Hi from another newbie! I am an AAT Level 3 studier and have been doing the bookkeeping for a small cafe for a while now (and is my only client!) Just recently they have also asked me to do their payroll which is something i have no clue about! But after alot of reading and the help of sage one i am confident t...	AGE	1	777	Wed Nov 19 20:09 2014 by Peasie
	Your Annual Tax Summary 2013-14 (Preview) Has anyone seen these yet? The first one I have tells the taxpayer in big bold letters that his tax is £255 and that "for every £1 of income, he paid 2p in tax". The trouble is that £255 is only the tax paid at source - less than a third of his liability. There's a whole pie chart on the back showi...	Don Tax	8	1324	Wed Nov 19 17:40 2014 by Stardoe
	Self Assessment filed backdated (Preview) Hi, A friend of mine just asked for help with his personal tax return. I've prepared his tax return for 2013/14 already, which was pretty straight forward. The problem is he's been working as self employed since April 2012 but registered as with HMRC in Aug 2013 only. He was hoping he can declare all his...	A	1	1630	Mon Nov 17 11:46 2014 by Don Tax
	VAT inspection (Preview) Hi all If a client has a VAT inspection do you always attend the meeting? What is HMRC view if you dont?	Cheshire	21	1358	Mon Nov 17 11:11 2014 by Peasie
	SA and Self Employed Personal Allowance (Preview) Hello everyone, A client of mine is self employed, but has not been working for the previous tax year so he can sort out his hectic lifestyle, and you might ask how is he providing a living and I believe he is using up some sort of inheritance. The main question I am asking is... He believes, owing to an acco...	David Rosario	4	881	Fri Nov 14 13:11 2014 by RobH
	VAT refund (Preview) Hi all, I have a client asking me when do i expect they will receive their claimed VAT for the last quarter up to 31/08/2014. The company is in VAT checking procedure now. Could someone explain how much time it does usually take to do such a payment? Thank you!	NinaKoni	2	863	Fri Nov 14 09:42 2014 by leshoward
	Tax Efficient (Preview) the accountants for a company I book keep for has asked if the additions to equipment this year have replaced any old equipment so she can dispose of anything necessary. i have supplied a list to the director asking the question and he has answered 'what is the most tax efficient answer?' so my question...	Beackyb	2	969	Thu Nov 13 21:39 2014 by Beackyb
	Electricity bill and VAT (Preview) Hi All So at work we have received our monthly bill and as it's now cold we (I) have used a tad more electricity trying to keep warm. The good people at British Gas claim that because we have gone over a previously determined usage level then we should be charged at 20% vat. Has anyone come across this befor...	Rhianrach	2	941	Thu Nov 13 13:24 2014 by Rhianrach
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