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

ladybug · ladybug

Hello New to this forum so please bear with me. Am assisting a client with their books, they import goods from china and re sell on the internet. I am confused with SAGE Instant accounts. Have DHL invoice - where should I code VAT charged on import and Duty and should I code the administration charge to a s...

Rhianrach · Rhianrach

If I earned £25500 for a year and my tax code was 645 would that give me 1587.50 a month? If so how do I work out ni on this amount? Reason being my missus is after a new job and we need to see if we can afford it. Thanks for your time.

lor · lor

Hi All, I have a query from a client and wondered what your thoughts are on the matter.. She is self employed and has told me that she will be moving to employment only beginning of may 2010, therefore only 1 month worked self employed in the 10/11 taxyear. She has a tax liability for over £1600 for the 09/...

lor · lor

This is similar to the post about the kithen lol. I read in the AAT mag recently that you cannot claim for this is this correct? Am I right that when you put through the £156.00 per yr for the home used for business then this covers the total cost, otherwise you could become liable to CGT, is this right?????...

Peasie · Peasie

My brother's wife is in a bit of a pickle just now as she is due to make a payment to HMRC but they haven't sent her a yellow booklet. Is she ok to just write out all the relevent details on a slip of paper detailing the payment. Business name, Employers PAYE Reference No, Accounts Office Reference No, Mont...

Davies · Davies

Hi. I'm doing bookkeeping for a client who has been self-employed for some time. She has now set up a limited company and become VAT registered. We are also setting up a new Sage programme for the new company, so a clean sheet from the off. I understand she can reclaim VAT for the last 3 years (6 monthson se...

lots to learn · lots to learn

Hi Am I right in thinking I do not need to claim AIA in the year the item was purchased and it can be carried forward. I have recently had a HMRC check on one of my clients and I was advised I have claimed AIA in the wrong year as the van was purchased in the 2008 tax year but I didn't claim it until 2009 as it was be...

andy lampard · andy lampard

I am a financial accountant and have been challenged by another accountant regarding a tax issue, and am wanting to find out if I am in the wrong for my clients sake. The issue raised was tax relief on private makeup purchased by self employed hairdressers. I say it is not an allowable expense however th...

alis · alis

Hi all I registered as an agent a month or so ago and am now the proud owner of TWO big books for 2009/10 and 1 for 2008/09. Dont know how this happened but having read the related posts on here am feeling a bit guilty about my 'good luck', so if anyone is struggling to get hold of the 09/10 edition and would lik...

Ammers · Ammers

Hi, Can anyone help me to understand how to calaluate tax on Interest and Dividends If I have earnt interest and have dividends in the tax year, I take it this is added onto my income. How is it calculated though. Do you pay tax on interest payments or does it have to be over a certain amount. I'm trying to...

baxybaxy · baxybaxy

Hi, First post - so be gentle! I am a freelancer registered as a sole trader. Often, I incur business mileage incurred on client business (which is charged on to clients). The VAT treatment has me a bit confused, including how to fill in my VAT return. On the sales side, I think I am OK - I charge out my mile...

sage user · sage user

How do i record an advance salary for an employee what is the double entry I know i Credit the bank but where does the other side go to?

Dew · Dew

Hi there, could anyone tell me if I can put VAT on rechargeable expenses that I didn't pay VAT on, for example congestion charge, mielage or parking... many thanks -- Edited by Dew on Thursday 6th of May 2010 02:07:47 PM

Rhianrach · Rhianrach

So two months after starting my experience and after one VAT return we are now due an inspection, which is great. Any how I reran the vat report on sage for the period just gone and there is a difference of £60 on the purchase side due to a few amendments I made whilst tidying up the suppliers a couple of week...

Blacker9999 · Blacker9999

Hi folks, Thnking of starting the self Assessment course for Taxes - Anybody got ideas where to look or how to start. Cheers Ronnie

Silly Digits · Silly Digits

Hi all I have a client that has made a vary small profit £200. My question is usaually I would claim 20% capital allowance £700. But this will end up with a loss. Do I have to claim capital allowances this year? I know you can put losses against previous years and future years, any advise would be apprec...

Marky65 · Marky65

Hi Apologies for always seeming to ask questions lately rather than contributing to the forum, it is just these damn clients keep getting in the way. Anyway, I have another issue for a Ltd company that I do the bookkeeping and am starting to do the payroll for. The client who is director of ltd company a...

DebbieM · DebbieM

I've recently been informed by another book keeper that you don't need to keep fuel receipts if the amount of fuel upon which you are reclaiming VAT is less than £50 ..... is this correct? Thanks, Deb

Silly Digits · Silly Digits

I have a client who started business this year and has bought some of his own tools into his business. Sole trader, non VAT registered. He has no receipts. Value if replaced new about £400. Would anything be able to go against his tax. As a capital allowance/AIA?

Marky65 · Marky65

Hi I am trying to obtain authorisation for a new payroll client online and I am inputting their details directly from their welcome letter from HMRC, so they should be correct. But it keeps being rejected as failed stating "ERROR: HM Revenue & Customs is unable to identify your client from t...

Topic		Started By	Replies	Views	Last Post
	Import Duty and Stock invoices (Preview) Hello New to this forum so please bear with me. Am assisting a client with their books, they import goods from china and re sell on the internet. I am confused with SAGE Instant accounts. Have DHL invoice - where should I code VAT charged on import and Duty and should I code the administration charge to a s...	ladybug	6	12705	Wed May 19 11:35 2010 by Jen
	need an expert on wages (Preview) If I earned £25500 for a year and my tax code was 645 would that give me 1587.50 a month? If so how do I work out ni on this amount? Reason being my missus is after a new job and we need to see if we can afford it. Thanks for your time.	Rhianrach	20	2569	Tue May 18 16:27 2010 by RobH
	tax return payment on account (Preview) Hi All, I have a query from a client and wondered what your thoughts are on the matter.. She is self employed and has told me that she will be moving to employment only beginning of may 2010, therefore only 1 month worked self employed in the 10/11 taxyear. She has a tax liability for over £1600 for the 09/...	lor	6	2063	Sat May 15 08:59 2010 by lor
	self employed person claiming for decorating office. (Preview) This is similar to the post about the kithen lol. I read in the AAT mag recently that you cannot claim for this is this correct? Am I right that when you put through the £156.00 per yr for the home used for business then this covers the total cost, otherwise you could become liable to CGT, is this right?????...	lor	0	1620	Fri May 14 12:35 2010 by lor
	Paying monthly Income Tax and National Insurance without booklet. (Preview) My brother's wife is in a bit of a pickle just now as she is due to make a payment to HMRC but they haven't sent her a yellow booklet. Is she ok to just write out all the relevent details on a slip of paper detailing the payment. Business name, Employers PAYE Reference No, Accounts Office Reference No, Mont...	Peasie	1	1610	Fri May 14 11:37 2010 by Peasie
	Reclaimed VAT, new Ltd company, new Sage... how do I??? (Preview) Hi. I'm doing bookkeeping for a client who has been self-employed for some time. She has now set up a limited company and become VAT registered. We are also setting up a new Sage programme for the new company, so a clean sheet from the off. I understand she can reclaim VAT for the last 3 years (6 monthson se...	Davies	0	1265	Thu May 13 18:20 2010 by Davies
	AIA (Preview) Hi Am I right in thinking I do not need to claim AIA in the year the item was purchased and it can be carried forward. I have recently had a HMRC check on one of my clients and I was advised I have claimed AIA in the wrong year as the van was purchased in the 2008 tax year but I didn't claim it until 2009 as it was be...	lots to learn	4	2404	Thu May 13 12:03 2010 by Shamus
	Tax relief for hairdressers? (Preview) I am a financial accountant and have been challenged by another accountant regarding a tax issue, and am wanting to find out if I am in the wrong for my clients sake. The issue raised was tax relief on private makeup purchased by self employed hairdressers. I say it is not an allowable expense however th...	andy lampard	6	2963	Wed May 12 17:29 2010 by Rhianrach
	Self Assessment Big Book (Preview) Hi all I registered as an agent a month or so ago and am now the proud owner of TWO big books for 2009/10 and 1 for 2008/09. Dont know how this happened but having read the related posts on here am feeling a bit guilty about my 'good luck', so if anyone is struggling to get hold of the 09/10 edition and would lik...	alis	6	1723	Tue May 11 17:04 2010 by Peasie
	Interest and Dividends (Preview) Hi, Can anyone help me to understand how to calaluate tax on Interest and Dividends If I have earnt interest and have dividends in the tax year, I take it this is added onto my income. How is it calculated though. Do you pay tax on interest payments or does it have to be over a certain amount. I'm trying to...	Ammers	13	2566	Tue May 11 11:38 2010 by Ammers
	Confused on VAT for mileage (Preview) Hi, First post - so be gentle! I am a freelancer registered as a sole trader. Often, I incur business mileage incurred on client business (which is charged on to clients). The VAT treatment has me a bit confused, including how to fill in my VAT return. On the sales side, I think I am OK - I charge out my mile...	baxybaxy	4	7806	Tue May 11 10:01 2010 by baxybaxy
	how to record an advance salary ( the double entry effect?) (Preview) How do i record an advance salary for an employee what is the double entry I know i Credit the bank but where does the other side go to?	sage user	4	8694	Tue May 11 09:44 2010 by sage user
	VAT on rechargeable expenses (Preview) Hi there, could anyone tell me if I can put VAT on rechargeable expenses that I didn't pay VAT on, for example congestion charge, mielage or parking... many thanks -- Edited by Dew on Thursday 6th of May 2010 02:07:47 PM	Dew	8	4790	Thu May 6 16:56 2010 by Dew
	VAT inspection (Preview) So two months after starting my experience and after one VAT return we are now due an inspection, which is great. Any how I reran the vat report on sage for the period just gone and there is a difference of £60 on the purchase side due to a few amendments I made whilst tidying up the suppliers a couple of week...	Rhianrach	23	6837	Thu May 6 10:58 2010 by Rhianrach
	Self-Assessment course. (Preview) Hi folks, Thnking of starting the self Assessment course for Taxes - Anybody got ideas where to look or how to start. Cheers Ronnie	Blacker9999	9	4492	Tue May 4 13:25 2010 by littlebookkeeper
	Capital Allowances (Preview) Hi all I have a client that has made a vary small profit £200. My question is usaually I would claim 20% capital allowance £700. But this will end up with a loss. Do I have to claim capital allowances this year? I know you can put losses against previous years and future years, any advise would be apprec...	Silly Digits	9	3755	Tue May 4 10:45 2010 by Silly Digits
	Newish client - paye problem (Preview) Hi Apologies for always seeming to ask questions lately rather than contributing to the forum, it is just these damn clients keep getting in the way. Anyway, I have another issue for a Ltd company that I do the bookkeeping and am starting to do the payroll for. The client who is director of ltd company a...	Marky65	8	2253	Mon May 3 09:23 2010 by Marky65
	VAT on fuel and fuel receipts ...... (Preview) I've recently been informed by another book keeper that you don't need to keep fuel receipts if the amount of fuel upon which you are reclaiming VAT is less than £50 ..... is this correct? Thanks, Deb	DebbieM	27	11120	Fri Apr 30 21:17 2010 by Rhianrach
	Tools bought into a business (Preview) I have a client who started business this year and has bought some of his own tools into his business. Sole trader, non VAT registered. He has no receipts. Value if replaced new about £400. Would anything be able to go against his tax. As a capital allowance/AIA?	Silly Digits	13	2448	Fri Apr 30 16:12 2010 by semsley
	HMRC - PAYE Request Authorisation (Preview) Hi I am trying to obtain authorisation for a new payroll client online and I am inputting their details directly from their welcome letter from HMRC, so they should be correct. But it keeps being rejected as failed stating "ERROR: HM Revenue & Customs is unable to identify your client from t...	Marky65	5	3950	Thu Apr 29 22:42 2010 by Susie Sue
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