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

Gumbsy · Gumbsy

Hi All, I am aware that suppliers do not account for VAT on proforma invoice that they recieve until a VAT invoice is supplied upon payment. However I am a bit confused on how to deal with it from the sellers perspective. When a proforma sale is raised - should VAT be included on the sales invoice, and if V...

Gumbsy · Gumbsy

Hi All, I need some help regarding Vat for international sales & purchases, and what sage codes to use and whether to include them in VAT return. On sales to EU countries should I code the sale on sage as T4 (as no VAT charged to EU countries). On sales to Non EU countries should I code the sale on sage as...

tonys · tonys

Hi, Can anyone explain the difference in the treatment of Employer NI and Employee as a cost to the business. I automatically seperate them so we have a figure for gross wages ie Employee NI and Net pay then seperate figure for Employer NI. They are both a business expense, why seperate? Tony. I hate t...

Peasie · Peasie

I said elsewhere that it was going to be a straightforward thing. Should have known better. The problem is the person that did his return the previous year (his ex-wife) has made a few mistakes on that return. It was a paper return. He gets a statement of earnings and tax deducted each month and by the loo...

class71 · class71

Good Afternoon everyone, I have been asked to investigate the most tax efficient way to purchase a company vehicle (either small van or estate car). My head is starting to hurt a little from all the information I keep trying to gleam off the hmrc website, so I thought I would throw the idea out to you love...

applewood · applewood

Hello l am new. I have just submitted a HM Revenue & Customs return. I am about to post it to sage, but need to know is it T0 or T9 Tks

shebbar · shebbar

Hi, I am from commonwealth country and working in UK. My first year of employemtn here and I am not paying NI. Employer told me no NI for first year. My gross per annum is 40K. However my wife on a contract, rate 150/day. She is also within first year but the umbrella company she uses is deducting NI; they sa...

kimmcg · kimmcg

Hi everyone and Happy New Year!!!! Could someone who uses Sage Payroll please check the tax and NI bandwidths I have on my version - I'm sure I had to change them when I did my exam to a previous year but am now starting to run the payroll for a client and want to make sure they are correct. I've attached two sc...

Harps · Harps

Hi there. I am doing my first VAT invoice for a limited company. I have a couple of invoices which meet all the criteria for the requirements for invoices for less than £250 except it states the directors personal name and address and not the companies details. I Know that for invoices for items less t...

morgwick · morgwick

Hi just checking (as not a tax specialist)... if shares have been sold in the 2009/2010 tax year, but the profit made was only £1200 (original shares bought in 2008) am I correct in saying that that they don't have to be declared as a capital gain on the 2010 tax return as below £10100?

bmwvespa · bmwvespa

Hi. My wife and I have recently opened a village convenience store/ newsagents and I am after a bit of advice. It is the first time either of us have run our own business and been VAT registered. We just have an old till that basically just enters amounts in and I was a bit confused as to how I figure out what...

Peasie · Peasie

Does anyone have an opinion on the VAT registration threshold? Should it be increased to take more small companies out of VAT?Should it be decreased so companies close to the threshold are on a level playing field with their competitors. I'm of the opinion it should be reduced to the lowest level poss...

harryspotter · harryspotter

Hello everyone, I have this problem. I am setting up an estate agency, I also own a mortgage advice practice so the two will work together quite well I hope!! Before I put the 2 options to you I want to mention that when I sell a house the agency fee is Vatable, when I give mortgage advice and charge a fee it i...

KAZ · KAZ

Can I claim back the VAT on Tea, Coffee and Biscuits for our staff consumption?

vsb · vsb

Hi Im in the process of starting a company that would amongst other things provide self-employed temporary staff to the construction industry. However Im a bit confused about how the VAT would work on this. I think the best way to put forward my question would be an example. If i charge a firm £17p/hour...

Amanda · Amanda

Hi Everyone, Hope you all have had a good Christmas! Is there VAT on flights or is it exempt like Stamps etc. I seem to recall that it is exempt, but need it clarifying. Having a blonde moment!!! Cheers,

applewood · applewood

Can anyone help. If l quote a customer before the new vat change, what happens when i have to invoice stage payments and they roll over to the new vat year help? Tks Kind regards Wendy

Wella · Wella

Hoping someone might be able to answer this for me. I have just done a Partnership SA Return and the personal returns for the Partners. The Partners are already authorised clients of mine, so I can file online once the declarations have been signed but the Partnership isn't yet, although the request...

tonys · tonys

Hi, Am I right in saying that all my sales on Monday 3rd of Jan will be 17.5% VAT then on Tuesday 4th 20%? We only invoice our credit customers at month end, so I will have to charge at different rates for Jan from the Tuesday. Normally we just invoice date all Jan's invoices at 31 st Jan and often, for the sam...

Noola · Noola

Do you still calculate holiday entitlement even if people have alot of time off? For people who's attendance is usually good and they have say 3 days off one week. Would you still calculate holiday entitlement for the full week?

Topic		Started By	Replies	Views	Last Post
	Proforma Invoices for VAT purposes (Preview) Hi All, I am aware that suppliers do not account for VAT on proforma invoice that they recieve until a VAT invoice is supplied upon payment. However I am a bit confused on how to deal with it from the sellers perspective. When a proforma sale is raised - should VAT be included on the sales invoice, and if V...	Gumbsy	3	15863	Sat Jan 15 22:51 2011 by attilabenko
	VAT for EU and Non EU (Preview) Hi All, I need some help regarding Vat for international sales & purchases, and what sage codes to use and whether to include them in VAT return. On sales to EU countries should I code the sale on sage as T4 (as no VAT charged to EU countries). On sales to Non EU countries should I code the sale on sage as...	Gumbsy	1	4810	Fri Jan 14 19:55 2011 by Beverley
	Employer NI (Preview) Hi, Can anyone explain the difference in the treatment of Employer NI and Employee as a cost to the business. I automatically seperate them so we have a figure for gross wages ie Employee NI and Net pay then seperate figure for Employer NI. They are both a business expense, why seperate? Tony. I hate t...	tonys	2	1325	Thu Jan 13 10:26 2011 by tonys
	My first self assessment return client (Preview) I said elsewhere that it was going to be a straightforward thing. Should have known better. The problem is the person that did his return the previous year (his ex-wife) has made a few mistakes on that return. It was a paper return. He gets a statement of earnings and tax deducted each month and by the loo...	Peasie	2	1999	Tue Jan 11 23:23 2011 by gbm
	Purchase of Company Vehicle - Tax Implications (Preview) Good Afternoon everyone, I have been asked to investigate the most tax efficient way to purchase a company vehicle (either small van or estate car). My head is starting to hurt a little from all the information I keep trying to gleam off the hmrc website, so I thought I would throw the idea out to you love...	class71	7	12537	Tue Jan 11 23:13 2011 by gbm
	vat retuen figures (Preview) Hello l am new. I have just submitted a HM Revenue & Customs return. I am about to post it to sage, but need to know is it T0 or T9 Tks	applewood	14	7224	Mon Jan 10 16:39 2011 by applewood
	NI exception for first year (Preview) Hi, I am from commonwealth country and working in UK. My first year of employemtn here and I am not paying NI. Employer told me no NI for first year. My gross per annum is 40K. However my wife on a contract, rate 150/day. She is also within first year but the umbrella company she uses is deducting NI; they sa...	shebbar	2	1939	Sun Jan 9 06:53 2011 by shebbar
	Tax and NI bandwidths on Sage Payroll (Preview) Hi everyone and Happy New Year!!!! Could someone who uses Sage Payroll please check the tax and NI bandwidths I have on my version - I'm sure I had to change them when I did my exam to a previous year but am now starting to run the payroll for a client and want to make sure they are correct. I've attached two sc...	kimmcg	1	3648	Fri Jan 7 21:35 2011 by Zara5034
	Vat Invoices. (Preview) Hi there. I am doing my first VAT invoice for a limited company. I have a couple of invoices which meet all the criteria for the requirements for invoices for less than £250 except it states the directors personal name and address and not the companies details. I Know that for invoices for items less t...	Harps	18	16216	Thu Jan 6 23:15 2011 by HendyPhilhendy
	Shares & Tax Return (Preview) Hi just checking (as not a tax specialist)... if shares have been sold in the 2009/2010 tax year, but the profit made was only £1200 (original shares bought in 2008) am I correct in saying that that they don't have to be declared as a capital gain on the 2010 tax return as below £10100?	morgwick	4	1462	Thu Jan 6 19:56 2011 by morgwick
	Small convenience store / newsagents how do I work out my different VAT rates (Preview) Hi. My wife and I have recently opened a village convenience store/ newsagents and I am after a bit of advice. It is the first time either of us have run our own business and been VAT registered. We just have an old till that basically just enters amounts in and I was a bit confused as to how I figure out what...	bmwvespa	3	10402	Thu Jan 6 08:54 2011 by morgwick
	Opinions on VAT registration threshold (Preview) Does anyone have an opinion on the VAT registration threshold? Should it be increased to take more small companies out of VAT?Should it be decreased so companies close to the threshold are on a level playing field with their competitors. I'm of the opinion it should be reduced to the lowest level poss...	Peasie	1	1872	Tue Jan 4 17:58 2011 by Quentin Pain
	Interesting VAT question (Preview) Hello everyone, I have this problem. I am setting up an estate agency, I also own a mortgage advice practice so the two will work together quite well I hope!! Before I put the 2 options to you I want to mention that when I sell a house the agency fee is Vatable, when I give mortgage advice and charge a fee it i...	harryspotter	2	2234	Thu Dec 30 19:15 2010 by Merlion ABS
	VAT on Refreshments (Preview) Can I claim back the VAT on Tea, Coffee and Biscuits for our staff consumption?	KAZ	12	19249	Wed Dec 29 17:13 2010 by Rhianrach
	Employment Agency VAT liabilities (Preview) Hi Im in the process of starting a company that would amongst other things provide self-employed temporary staff to the construction industry. However Im a bit confused about how the VAT would work on this. I think the best way to put forward my question would be an example. If i charge a firm £17p/hour...	vsb	2	2675	Wed Dec 29 14:54 2010 by RobH
	Is there VAT on flights? (Preview) Hi Everyone, Hope you all have had a good Christmas! Is there VAT on flights or is it exempt like Stamps etc. I seem to recall that it is exempt, but need it clarifying. Having a blonde moment!!! Cheers,	Amanda	7	111702	Tue Dec 28 21:35 2010 by Amanda
	vat (Preview) Can anyone help. If l quote a customer before the new vat change, what happens when i have to invoice stage payments and they roll over to the new vat year help? Tks Kind regards Wendy	applewood	2	2085	Fri Dec 24 18:16 2010 by applewood
	Partnership Self Assessment (Preview) Hoping someone might be able to answer this for me. I have just done a Partnership SA Return and the personal returns for the Partners. The Partners are already authorised clients of mine, so I can file online once the declarations have been signed but the Partnership isn't yet, although the request...	Wella	3	1658	Mon Dec 20 09:44 2010 by Wella
	VAT change date (Preview) Hi, Am I right in saying that all my sales on Monday 3rd of Jan will be 17.5% VAT then on Tuesday 4th 20%? We only invoice our credit customers at month end, so I will have to charge at different rates for Jan from the Tuesday. Normally we just invoice date all Jan's invoices at 31 st Jan and often, for the sam...	tonys	1	1579	Thu Dec 16 17:52 2010 by RobH
	Holiday pay and bad attendance (Preview) Do you still calculate holiday entitlement even if people have alot of time off? For people who's attendance is usually good and they have say 3 days off one week. Would you still calculate holiday entitlement for the full week?	Noola	2	1716	Wed Dec 15 17:15 2010 by BackOfficeGroup
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