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

Julie · Julie

I am currently working on entering manual accounts onto Sage, my client started his year in April08 and has only just become VAT registered (Nov) - cash accounting. I have entered all taxable purchase invoices and corresponding payments up to the end of November as T1. However, I am now comming up...

abuchafreelance · abuchafreelance

Hello all! I have a customer who's been receiving Job Seeker Allowance for a while, during the same financial year he signed-off and started his own business as self-employed. My question is, because both situations were taken in whithin the same financial year, how can we reflect that in the Tax Ret...

tracey · tracey

Hello All i hope to visit this site quite often to ask questions about tax and vat. What i would like to know is that i have voulartry register for vat to claim back the vat i pay on diesel and parts etc. Sorry i forgot to mention what i do, basicaly i have a wagon with a crane on it and charged £35 a hour for the ve...

MMaude · MMaude

Hi there, can anyone advise me on how to treat the addition fee added to a retail credit card sale to cover merchant charges. Would this be exempt from VAT? Thanks Mary

lil miss · lil miss

Hi folks, Hoping for some wisdom from you guys! ! New book keeping client, been issued with 2 assessments for VAT following failure to submit returns (she registered herself for VAT without a clue on what needed to be done)... Turns out amounts paid over to HMRC far exceed actual amount that would ha...

Hani · Hani

IF anyone could help me....I have a client who has just started his own resturant business. In his first month he owes the tax man £1105.00 as VAT. Is there anyway of him reducing this amount as it is a new business?

shellie · shellie

Hi I have a quick question, I have a year of remittance advices for my client who is a builder and he had work subcontracted out to him the figures are as follows: £867.94 gross - 20% = 694.35 which was paid into his account by bacs then there is an amount for TAX for £173.59, I have done my maths and I can see wh...

dublin2111 · dublin2111

hi there my husbands business is a sole proprietor ship - but we have purchased the Ltd company name to secure it - once its registred at companies house do we need to start trading under it - or can we have it as dormant until we are ready to transfer to a limited company status. are there many benefits to be...

dublin2111 · dublin2111

HI COULD SOMEONE HELP ME.. my partgner is registered for CIS - and currently we invoice our gross less 20% CIS Tax payments. i.e. Invoice Gross = £100 less 20% @ £20 net = £80 we are now VAT registered and i am unsure where to apply the VAT element on the invoices i.e. would it be after i have come to my Net val...

Amanda · Amanda

Hi Everyone, I have a question about CIS tax, my guy sometimes does work for other contractors and sends them an invoice -20% CIS which the other contractor pays for pays the CIS to the HMRC. Do I put the invoice on ie labour -20%, but put this down as a nett amount or do I need to show the 20% tax on the invoic...

Joe · Joe

My client has started importing books from the US. Not in bulk mind just the odd one here and there to sell with his other products. When it comes to completing his VAT return do I include these purchases on the return and if so in which boxes?

closecontrol · closecontrol

I am new to the Forum, and wonder if anyone can explain the benefits to me for both the Directors and the Company in the payment of Dividends in relation to salary. Thank you Jane - Close Control

Gemma12 · Gemma12

Hi guys, I have a friend of my mom for whom I do her books for as a copy typist, however, she is a FE teacher in a previous working life - she has now decided to "double up" and also do some self-employed training. her services as a copy typist has income of well below the VAT threshold, but she is c...

SianEvans65 · SianEvans65

Hi My client has started going over to trade fairs in Belgium and Germany to sell her products. She has given me a folder of expense receipts and purchase invoices from various foreign suppliers and these have had VAT added to them. My client is VAT registered so can I simply reclaim this VAT on her next V...

shellie · shellie

Hi everyone I have a new client who works from home but does travel alot for business, she uses her car for both personal and business, I have been given her books for 2007/2008 and 2008/2009 There is a list of capital allowances as follows for April 2006/March 2007 Vehicle bought 25/07/06 Cl...

rhodes · rhodes

Hi My client has purchased 3 company vehicles, one is a lease purchase and the other HP and one outright purchase through the company. Can you please clarify the vat situation on each vehicle please, I have looked into this and i am getting a tad confused? Many thanks,Rhodes.

rhodes · rhodes

A client of mine set up last year and asked me to do their books. I started work on their company earlier in the year, on their first ever vat return we issued it via sage using the normal vat scheme, paying all vat over on invoiced dates and claiming purchase vat also. I am now aware of the flat rate scheme an...

ZoesBookkeeping · ZoesBookkeeping

Hi I have a new client who is in the construction industry. His invoices show total Labour costs less 5% retention and then the net figure is less 20% CIS - is this correct? Also when he receives his retention fee does he have to deduct a further 20% CIS? Thanks

confused SW 14 · confused SW 14

For many years my client has employed a small non VAT registered builder to maintain commercial property, which his VAT registered company owns. If the material content of a particular item was high he has asked to him to get an invoice in the companies name and paid separately and reclaimed VAT. The...

gtsbookkeeping · gtsbookkeeping

Hi, could anyone give some advice on how to calculate the tax that you may owe or are to be refunded on a tax return. Also, are drawings put into a tax return? thanx

Topic		Started By	Replies	Views	Last Post
	Another VAT Question ! (Preview) I am currently working on entering manual accounts onto Sage, my client started his year in April08 and has only just become VAT registered (Nov) - cash accounting. I have entered all taxable purchase invoices and corresponding payments up to the end of November as T1. However, I am now comming up...	Julie	1	2214	Wed Dec 17 17:59 2008 by abuchafreelance
	JSA and Tax Returns (Preview) Hello all! I have a customer who's been receiving Job Seeker Allowance for a while, during the same financial year he signed-off and started his own business as self-employed. My question is, because both situations were taken in whithin the same financial year, how can we reflect that in the Tax Ret...	abuchafreelance	0	1878	Wed Dec 17 17:33 2008 by abuchafreelance
	HELP NEEDED WITH VAT (Preview) Hello All i hope to visit this site quite often to ask questions about tax and vat. What i would like to know is that i have voulartry register for vat to claim back the vat i pay on diesel and parts etc. Sorry i forgot to mention what i do, basicaly i have a wagon with a crane on it and charged £35 a hour for the ve...	tracey	1	2177	Sat Dec 13 14:00 2008 by shellie
	VAT on Credit Card Sales fee passed to customers (Preview) Hi there, can anyone advise me on how to treat the addition fee added to a retail credit card sale to cover merchant charges. Would this be exempt from VAT? Thanks Mary	MMaude	1	5373	Tue Nov 25 17:36 2008 by Gemma12
	VAT assessment/s - how to resolve over payment?!! (Preview) Hi folks, Hoping for some wisdom from you guys! ! New book keeping client, been issued with 2 assessments for VAT following failure to submit returns (she registered herself for VAT without a clue on what needed to be done)... Turns out amounts paid over to HMRC far exceed actual amount that would ha...	lil miss	3	2628	Tue Nov 25 10:12 2008 by lil miss
	VAT Claim (Preview) IF anyone could help me....I have a client who has just started his own resturant business. In his first month he owes the tax man £1105.00 as VAT. Is there anyway of him reducing this amount as it is a new business?	Hani	4	2701	Sat Nov 1 17:52 2008 by CBS
	CIS and VAT (Preview) Hi I have a quick question, I have a year of remittance advices for my client who is a builder and he had work subcontracted out to him the figures are as follows: £867.94 gross - 20% = 694.35 which was paid into his account by bacs then there is an amount for TAX for £173.59, I have done my maths and I can see wh...	shellie	5	11649	Thu Oct 23 11:17 2008 by JWB
	limited company - tax benefits (Preview) hi there my husbands business is a sole proprietor ship - but we have purchased the Ltd company name to secure it - once its registred at companies house do we need to start trading under it - or can we have it as dormant until we are ready to transfer to a limited company status. are there many benefits to be...	dublin2111	3	2624	Thu Oct 23 10:05 2008 by JWB
	VAT / CIS INVOICING (Preview) HI COULD SOMEONE HELP ME.. my partgner is registered for CIS - and currently we invoice our gross less 20% CIS Tax payments. i.e. Invoice Gross = £100 less 20% @ £20 net = £80 we are now VAT registered and i am unsure where to apply the VAT element on the invoices i.e. would it be after i have come to my Net val...	dublin2111	3	10871	Tue Oct 21 14:03 2008 by peter
	CIS Tax (Preview) Hi Everyone, I have a question about CIS tax, my guy sometimes does work for other contractors and sends them an invoice -20% CIS which the other contractor pays for pays the CIS to the HMRC. Do I put the invoice on ie labour -20%, but put this down as a nett amount or do I need to show the 20% tax on the invoic...	Amanda	1	7279	Fri Oct 17 17:03 2008 by Wendy
	Importing books from the US (Preview) My client has started importing books from the US. Not in bulk mind just the odd one here and there to sell with his other products. When it comes to completing his VAT return do I include these purchases on the return and if so in which boxes?	Joe	3	2545	Fri Oct 10 10:43 2008 by Joe
	Directors Dividends v salary (Preview) I am new to the Forum, and wonder if anyone can explain the benefits to me for both the Directors and the Company in the payment of Dividends in relation to salary. Thank you Jane - Close Control	closecontrol	2	2711	Tue Oct 7 10:17 2008 by Accountsguy
	VAT on education (Preview) Hi guys, I have a friend of my mom for whom I do her books for as a copy typist, however, she is a FE teacher in a previous working life - she has now decided to "double up" and also do some self-employed training. her services as a copy typist has income of well below the VAT threshold, but she is c...	Gemma12	2	2834	Mon Oct 6 16:45 2008 by Gemma12
	Reclaiming Foreign VAT (Preview) Hi My client has started going over to trade fairs in Belgium and Germany to sell her products. She has given me a folder of expense receipts and purchase invoices from various foreign suppliers and these have had VAT added to them. My client is VAT registered so can I simply reclaim this VAT on her next V...	SianEvans65	2	9652	Mon Oct 6 16:00 2008 by SianEvans65
	A bit confused!! (Preview) Hi everyone I have a new client who works from home but does travel alot for business, she uses her car for both personal and business, I have been given her books for 2007/2008 and 2008/2009 There is a list of capital allowances as follows for April 2006/March 2007 Vehicle bought 25/07/06 Cl...	shellie	2	2552	Tue Sep 23 12:56 2008 by shellie
	Vat - company cars ?? (Preview) Hi My client has purchased 3 company vehicles, one is a lease purchase and the other HP and one outright purchase through the company. Can you please clarify the vat situation on each vehicle please, I have looked into this and i am getting a tad confused? Many thanks,Rhodes.	rhodes	3	2421	Sun Aug 31 18:29 2008 by rhodes
	Client - Wrong Vat Scheme (Preview) A client of mine set up last year and asked me to do their books. I started work on their company earlier in the year, on their first ever vat return we issued it via sage using the normal vat scheme, paying all vat over on invoiced dates and claiming purchase vat also. I am now aware of the flat rate scheme an...	rhodes	3	2938	Sat Aug 30 20:59 2008 by rhodes
	Subcontractor CIS / Retention (Preview) Hi I have a new client who is in the construction industry. His invoices show total Labour costs less 5% retention and then the net figure is less 20% CIS - is this correct? Also when he receives his retention fee does he have to deduct a further 20% CIS? Thanks	ZoesBookkeeping	2	12191	Wed Aug 27 14:33 2008 by ZoesBookkeeping
	VAT reclaim on goods bought by an agent (Preview) For many years my client has employed a small non VAT registered builder to maintain commercial property, which his VAT registered company owns. If the material content of a particular item was high he has asked to him to get an invoice in the companies name and paid separately and reclaimed VAT. The...	confused SW 14	0	2044	Sun Aug 17 16:44 2008 by confused SW 14
	finding tax (Preview) Hi, could anyone give some advice on how to calculate the tax that you may owe or are to be refunded on a tax return. Also, are drawings put into a tax return? thanx	gtsbookkeeping	1	2391	Fri Aug 15 13:05 2008 by Fay
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