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

Cheshire · Cheshire

Hi I have a couple of supplier invoices where they have worked out the VAT wrong (all the items on the invoice are vatable - just looks like someone cannot do maths!). In each instance the VAT has been underca;culated but only by a few pence. Am I correct in saying that I should adjust the invoice so that...

Cheshire · Cheshire

Hi Im still fairly new to 12Pay and have a couple of queries 1) I know how to roll-back if an error was made on a previously finished (and RTI completed) month. Can I use this same process if a leaver has been completed incorrectly (underpaid)? Will I be able to re-do the P45? (or will I have to write to HM...

books2013 · books2013

Hi all, I have a client with VAT QE: 28.2.13 & 31/5.2013 and I was wondering if it was worth asking for his VAT to match year end 5.4 so its easier to match his year end to vat and check for errors etc, does anyone have any thoughts about whether this would be worthwhile ? Many thanks

fabs79 · fabs79

Hi, First time dealing with VAT on sales to the EU and I'm unsure how to fill in the VAT return for this. My client is registered for VAT and is using the flat rate scheme. They sold services to a business in Belgium which provided a valid VAT registration number; therefore VAT was not added to the invoice....

Maggie1 · Maggie1

Hi Hope you can help - I am new to Sage (have completed Level 1 and 2 C & G) and am now working as a bookkeeper for a local charity. The previous bookkeeper became ill last March and in addition to this the company migrated from one accounting system to Sage. I am still in the process of catching up fro...

Elaine R · Elaine R

Evening All, I have just started doing the books for a new client. He has sent me all sales and purchase invoices. My client has told me that he doesn't claim back the VAT on fuel receipts. Is there any particular reason why this would be? Elaine

Vicki Newman · Vicki Newman

Hello I have a client who I do the bookkeeping for his Ltd company. One of his customers has deducted 30% from one of my clients invoice's as a CIS deduction because he hasn't been verified yet by HMRC. I'm using VT transaction, where would I post the tax to? Should I set up a new account for CIS paid. At yea...

Cheshire · Cheshire

I have a customer who has three companies, all VAT registered all running payroll systems. Some of the staff work for two of the companies so the expenses reflected in the companies is not as accurate as the owner would like They have set up a holding company and will run all payroll through that compan...

julia1976 · julia1976

Please check my first VAT return, I am not sure about EC transactions. Thanks a lot. Given the figures below, required To prepare the VAT return. The business is registered under the standart accounting system. All figures are exclusive of VAT Transaction made within the UK: Credit Sales ...

Peasie · Peasie

Who actually requires this? Got one this afternoon from a client and noticed the Doctor expects the baby to be born in the week that contains 15/01/13. The form was signed 11/09/13. So, it is obviously an error. Do I have to go to the bother of getting her to get a new form or will this be acceptable with the...

Elaine R · Elaine R

Hi, Has anyone heard of a convertible deed by means of settling an invoice? I have a colleague who's client is invoicing a job and receiving this deed instead of cash. When the VAT return is submitted it is a nil return. I am guessing it has been done deliberately to avoid VAT! I've heard of letters of c...

Cheshire · Cheshire

I look after a customer who runs a couple of restaurants, both of which run proper Payroll processes. I did however receive a pile of invoices on Friday which included what was clearly a food order receipt book page with the words 'KP Wages' £10 on it. I havent been able to speak to anyone about this yet a...

FoxAccountancyServices · FoxAccountancyServices

http://www.hmrc.gov.uk/ct/change/problems/interest.htm"Any late payment interest you pay to HMRC is tax deductible...

anutushka · anutushka

Hi all We are a small company running private nurseries business providing childcare. Many of our customers pay with childcare vouchers. Childcare voucher providers are notoriously bad at reacting to parents requests to stop voucher payments. As result we have overpayments with few customers w...

BazzaS · BazzaS

I've purchased the assets of a liquidated company. The liquidator has charged VAT on this. I am a sole trader on the Flat Rate VAT scheme so I cannot reclaim the VAT charged by the liquidator. How, please do I account for this VAT ? Should it be written off as a cost of business or rolled up as an "asset...

Cheshire · Cheshire

I have just done the VAT return for a newco who have imported goods from China. I have entered the purchases using the invoice the Chinese company supplied (and using the VAT rate from HMRC's monthly update via their website. The VAT reclaim for these purchases has been done from C79. However I have now...

Rainoo · Rainoo

Hello there, As my subject title suggests I've been a bit of a wally I have recently set up Sage for my employer and in setting up suppliers I mistakenly entered all invoices from start of financial year as opening balances. Using Sage Instant I was not able to correct my mistakes by changing T9 to T1 an...

celtic bookkeeping · celtic bookkeeping

Hi All, I have a client whose SA I normally complete online however last year they inherited £152000 from a house sale, the property was placed in trust however the father was allowed to live in the property until death and then the property sold and the funds split between them and another family memb...

morgwick · morgwick

Exempt and partially-exempt businesses for VAT purposes How do you post the adjustment for reducing the input tax when using the partially exempt vat rules? For example, I use VT Transaction software. The VAT return shows the following: Outputs - 503.27 Inputs - 776.87 Refund due - 273.60 However,...

Cheshire · Cheshire

Hi I have a Ltd company VAT registered customer who had a stand at a trade fair 90miles from home. his wife helps him with his business but is not a Director nor are either of them on the payroll. I have receipts for food/drinks bought at the trade fair, some receipts with VAT on, some not. My question - can...

Topic		Started By	Replies	Views	Last Post
	VAT charges on invoice are incorrect (Preview) Hi I have a couple of supplier invoices where they have worked out the VAT wrong (all the items on the invoice are vatable - just looks like someone cannot do maths!). In each instance the VAT has been underca;culated but only by a few pence. Am I correct in saying that I should adjust the invoice so that...	Cheshire	6	957	Sun Oct 13 02:45 2013 by Cheshire
	12 Pay - a couple of queries (Preview) Hi Im still fairly new to 12Pay and have a couple of queries 1) I know how to roll-back if an error was made on a previously finished (and RTI completed) month. Can I use this same process if a leaver has been completed incorrectly (underpaid)? Will I be able to re-do the P45? (or will I have to write to HM...	Cheshire	7	2783	Sat Oct 12 03:17 2013 by Cheshire
	VAT Dates (Preview) Hi all, I have a client with VAT QE: 28.2.13 & 31/5.2013 and I was wondering if it was worth asking for his VAT to match year end 5.4 so its easier to match his year end to vat and check for errors etc, does anyone have any thoughts about whether this would be worthwhile ? Many thanks	books2013	2	878	Fri Oct 11 19:48 2013 by fabs79
	VAT on sales of services to the EU (Preview) Hi, First time dealing with VAT on sales to the EU and I'm unsure how to fill in the VAT return for this. My client is registered for VAT and is using the flat rate scheme. They sold services to a business in Belgium which provided a valid VAT registration number; therefore VAT was not added to the invoice....	fabs79	8	1263	Fri Oct 11 18:19 2013 by fabs79
	Submitting VAT return (Preview) Hi Hope you can help - I am new to Sage (have completed Level 1 and 2 C & G) and am now working as a bookkeeper for a local charity. The previous bookkeeper became ill last March and in addition to this the company migrated from one accounting system to Sage. I am still in the process of catching up fro...	Maggie1	4	4528	Fri Oct 11 03:34 2013 by Maggie1
	Claiming VAT back (Preview) Evening All, I have just started doing the books for a new client. He has sent me all sales and purchase invoices. My client has told me that he doesn't claim back the VAT on fuel receipts. Is there any particular reason why this would be? Elaine	Elaine R	3	720	Thu Oct 10 21:26 2013 by Rhianrach
	Showing 30% CIS deduction in the accounts (Preview) Hello I have a client who I do the bookkeeping for his Ltd company. One of his customers has deducted 30% from one of my clients invoice's as a CIS deduction because he hasn't been verified yet by HMRC. I'm using VT transaction, where would I post the tax to? Should I set up a new account for CIS paid. At yea...	Vicki Newman	8	2893	Wed Oct 9 14:01 2013 by Peasie
	Why would a holding company need to be VAT registered? (Preview) I have a customer who has three companies, all VAT registered all running payroll systems. Some of the staff work for two of the companies so the expenses reflected in the companies is not as accurate as the owner would like They have set up a holding company and will run all payroll through that compan...	Cheshire	3	754	Wed Oct 9 19:53 2013 by Cheshire
	VAT return (Preview) Please check my first VAT return, I am not sure about EC transactions. Thanks a lot. Given the figures below, required To prepare the VAT return. The business is registered under the standart accounting system. All figures are exclusive of VAT Transaction made within the UK: Credit Sales ...	julia1976	6	1384	Wed Oct 9 14:53 2013 by julia1976
	Who is the MAT B1 form for - HMRC or the Employer ? (Preview) Who actually requires this? Got one this afternoon from a client and noticed the Doctor expects the baby to be born in the week that contains 15/01/13. The form was signed 11/09/13. So, it is obviously an error. Do I have to go to the bother of getting her to get a new form or will this be acceptable with the...	Peasie	2	2372	Tue Oct 8 03:18 2013 by Cheshire
	Cash Accounting Scheme for VAT (Preview) Hi, Has anyone heard of a convertible deed by means of settling an invoice? I have a colleague who's client is invoicing a job and receiving this deed instead of cash. When the VAT return is submitted it is a nil return. I am guessing it has been done deliberately to avoid VAT! I've heard of letters of c...	Elaine R	2	958	Mon Oct 7 18:46 2013 by Elaine R
	Casual pay (Preview) I look after a customer who runs a couple of restaurants, both of which run proper Payroll processes. I did however receive a pile of invoices on Friday which included what was clearly a food order receipt book page with the words 'KP Wages' £10 on it. I havent been able to speak to anyone about this yet a...	Cheshire	3	821	Mon Oct 7 04:43 2013 by Stardoe
	CT interest and penalties (Preview) http://www.hmrc.gov.uk/ct/change/problems/interest.htm"Any late payment interest you pay to HMRC is tax deductible...	FoxAccountancyServices	4	1161	Fri Oct 4 21:17 2013 by FoxAccountancyServices
	How to refund childcare voucher payments (Preview) Hi all We are a small company running private nurseries business providing childcare. Many of our customers pay with childcare vouchers. Childcare voucher providers are notoriously bad at reacting to parents requests to stop voucher payments. As result we have overpayments with few customers w...	anutushka	2	1030	Tue Oct 1 22:14 2013 by Jas Javanda
	Purchase of assets from liquidator & VAT (Preview) I've purchased the assets of a liquidated company. The liquidator has charged VAT on this. I am a sole trader on the Flat Rate VAT scheme so I cannot reclaim the VAT charged by the liquidator. How, please do I account for this VAT ? Should it be written off as a cost of business or rolled up as an "asset...	BazzaS	1	927	Tue Oct 1 04:43 2013 by MarkS
	VAT - urgent help with query on VAT return which is due today!!!!!!!!!!!!!!!!!!!!! (Preview) I have just done the VAT return for a newco who have imported goods from China. I have entered the purchases using the invoice the Chinese company supplied (and using the VAT rate from HMRC's monthly update via their website. The VAT reclaim for these purchases has been done from C79. However I have now...	Cheshire	14	3825	Tue Oct 1 01:05 2013 by FoxAccountancyServices
	VAT, Box 7 and Sage....I've been a bit silly : / (Preview) Hello there, As my subject title suggests I've been a bit of a wally I have recently set up Sage for my employer and in setting up suppliers I mistakenly entered all invoices from start of financial year as opening balances. Using Sage Instant I was not able to correct my mistakes by changing T9 to T1 an...	Rainoo	18	2395	Tue Oct 1 00:35 2013 by FoxAccountancyServices
	Inheritance and Self Assessment (Preview) Hi All, I have a client whose SA I normally complete online however last year they inherited £152000 from a house sale, the property was placed in trust however the father was allowed to live in the property until death and then the property sold and the funds split between them and another family memb...	celtic bookkeeping	2	1007	Tue Oct 1 00:34 2013 by FoxAccountancyServices
	Partial VAT calculations, how to post adjustment? (Preview) Exempt and partially-exempt businesses for VAT purposes How do you post the adjustment for reducing the input tax when using the partially exempt vat rules? For example, I use VT Transaction software. The VAT return shows the following: Outputs - 503.27 Inputs - 776.87 Refund due - 273.60 However,...	morgwick	3	1324	Mon Sep 30 19:44 2013 by morgwick
	Subsistence payments and VAT (Preview) Hi I have a Ltd company VAT registered customer who had a stand at a trade fair 90miles from home. his wife helps him with his business but is not a Director nor are either of them on the payroll. I have receipts for food/drinks bought at the trade fair, some receipts with VAT on, some not. My question - can...	Cheshire	2	947	Mon Sep 30 19:42 2013 by Cheshire
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