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

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

Jbook · Jbook

Hi My client has taken out a hire purchase agreement on some plant and machinery. Can they reclaim the input VAT straight away or do they reclaim a bit on each repayment? Thanks.

JillPen · JillPen

Hi I completed a basic book-keeping training course last year and I'm currently completing my first tax return. Can anyone advise whether I claim this training as a deductible expense on the return. It was quite costly and it will make a big difference to my tax bill if I can include it. Thanks. Jill

shellie · shellie

Hi I am really sorry to ask such a stupid question but my mind just won't work I am doing books for a builder who is not registered for VAT, and I have started to put on the receipts for petrol etc, as he is not registered am I right in thinking that he can not claim VAT on the petrol etc, and if I am right what tax c...

Amanda · Amanda

Hi Everyone, I have a new client, who I have taken on, who is on SAGE instants V10, my question is:- he is not VAT registered so when I input the Suppliers invoice on the system do I put the VAT in or just enter the Gross amount. The previous person has it as a T0 0% but not sure. He dosen't do a VAT return as his...

Julie · Julie

Hi, What happens if the VAT you are reclaiming is more than the VAT you have charged on sales - ie box 5 shows a minus total ?? Sorry in advance if the answer is totally obvious, but I have a block at the moment. Thanks, Julie

shellie · shellie

Hi I have a mathamatical question: I have a net of £1025.36 and I need to find the gross before 20% tax has been taken off please in process of pulling my hair out Shellie

ChrisT33 · ChrisT33

One of my clients has set up a new business which they are running alongside their existing business. They are already paying their Class 2 national insurance contributions, but they weren't sure (and neither was I) whether they need to be paying two lot's of Class 2 NIC now? Can anyone please advise?...

JoBooth · JoBooth

Hi, I'm a self-employed bookkeeper and thinking of changing my car. If I decided to do contract hire, would I still need to do a P11d? Would it also be advisable to volunteer vat registration to claim the 50% VAT? I would appreciate any help and advice on the best way to change my car through my busines...

shellie · shellie

Hi I am currently sub contracting work from lady who works for herself, from home, she has asked me to input all the data from a client who imports/exports wime from the EC, she has given me folders for each quarter and I am slowly working my way through them - there is alot of paperwork!! any way in the fo...

gtsbookkeeping · gtsbookkeeping

Hi, just a query, is national insurance contributions an expense in a self assessment tax return?

aita · aita

An employee works in an accounting firm. The firm sends the employee to a client. As a travelling expenses, employee incurs £100. Employee asks the firm to repay him the travelling expenses of £100. Whereas the firm asks the client to pay the travelling expenses of £(100 + V.A.T), i.e., £117.50. ...

Oonagh · Oonagh

Doing the self-assessment, I wonder, if I can reduct my personal income by the costs of school fees and accomodation for my dependent child in full-time education abroad. I am receiving child tax credit.

Oonagh · Oonagh

Hello everyone, I am not a book keeper and do my self assessments myself, including VAT. Concerning flight tickets for my business, I am unsure how to deal with the taxes. For example, Ryanair has got no clear brakedown of what they mean with "Taxes, Fees & Charges". There is no c...

shellie · shellie

Hi I am entering alot of invoices for someone and i am a bit confused, the first thing is I have an invoice for streamline the amount without VAT is £29.33 abd the VAT due is £3.33, but at the bottom of the invoice the VAT is broken into two sections one at Standard VAT for net amount £18.99 17.5% = £3.33 and th...

mandy · mandy

How do I reconcile on VAT return on Sage, have not used it before, have entered all purchase invoices and Sales invoices, can get VAT return figure but how do I reconcile nominal.

Mindybint · Mindybint

Can any one help. I'd like to find out if there is a list available which gives basic accounting headings together with their VAT coding, i.e Wages = T9, Purchases = T1, etc. Any help would be appreciated as I didn't realise the difference between Non VAT and Exempt; Is this a common mistake?

haz · haz

Hi, One of my clients is using his own car for business travel but uses the company credit card for fuel. Can he still claim 40p/mile tax relief? Thank you in advance for any help!

Amanda · Amanda

Hi everyone, I am new to this forum and I am already finding it very useful. I started up my own bookkeeping business a few months ago and it is going really well. My question is I did a clients VAT return the last quarter (submitted it Jan 08 and I have just realised that their was an error on it of £900 under...

Topic		Started By	Replies	Views	Last Post
	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	2045	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	2392	Fri Aug 15 13:05 2008 by Fay
	Claiming VAT on a hire purchase agreement (Preview) Hi My client has taken out a hire purchase agreement on some plant and machinery. Can they reclaim the input VAT straight away or do they reclaim a bit on each repayment? Thanks.	Jbook	2	11049	Thu Aug 14 20:15 2008 by Jbook
	Are training costs tax deductible? (Preview) Hi I completed a basic book-keeping training course last year and I'm currently completing my first tax return. Can anyone advise whether I claim this training as a deductible expense on the return. It was quite costly and it will make a big difference to my tax bill if I can include it. Thanks. Jill	JillPen	7	12437	Wed Aug 13 19:58 2008 by Gemma12
	VAT not registered (Preview) Hi I am really sorry to ask such a stupid question but my mind just won't work I am doing books for a builder who is not registered for VAT, and I have started to put on the receipts for petrol etc, as he is not registered am I right in thinking that he can not claim VAT on the petrol etc, and if I am right what tax c...	shellie	2	2618	Thu Aug 7 13:13 2008 by shellie
	VAT on suppliers invoices if you are not registered (Preview) Hi Everyone, I have a new client, who I have taken on, who is on SAGE instants V10, my question is:- he is not VAT registered so when I input the Suppliers invoice on the system do I put the VAT in or just enter the Gross amount. The previous person has it as a T0 0% but not sure. He dosen't do a VAT return as his...	Amanda	3	7017	Fri Aug 1 10:13 2008 by Amanda
	VAT Return Question ? (Preview) Hi, What happens if the VAT you are reclaiming is more than the VAT you have charged on sales - ie box 5 shows a minus total ?? Sorry in advance if the answer is totally obvious, but I have a block at the moment. Thanks, Julie	Julie	2	2854	Thu Jul 31 22:47 2008 by Julie
	Finding the Gross (Preview) Hi I have a mathamatical question: I have a net of £1025.36 and I need to find the gross before 20% tax has been taken off please in process of pulling my hair out Shellie	shellie	2	2413	Wed Jul 30 18:08 2008 by shellie
	Class 2 national insurance contributions (Preview) One of my clients has set up a new business which they are running alongside their existing business. They are already paying their Class 2 national insurance contributions, but they weren't sure (and neither was I) whether they need to be paying two lot's of Class 2 NIC now? Can anyone please advise?...	ChrisT33	2	2374	Tue Jul 29 16:57 2008 by ChrisT33
	Contract Hire and P11d's (Preview) Hi, I'm a self-employed bookkeeper and thinking of changing my car. If I decided to do contract hire, would I still need to do a P11d? Would it also be advisable to volunteer vat registration to claim the 50% VAT? I would appreciate any help and advice on the best way to change my car through my busines...	JoBooth	3	5460	Tue Jul 22 08:57 2008 by Fay
	Acquisition VAT?? (Preview) Hi I am currently sub contracting work from lady who works for herself, from home, she has asked me to input all the data from a client who imports/exports wime from the EC, she has given me folders for each quarter and I am slowly working my way through them - there is alot of paperwork!! any way in the fo...	shellie	5	6139	Sat Jul 19 18:02 2008 by shellie
	tax return (Preview) Hi, just a query, is national insurance contributions an expense in a self assessment tax return?	gtsbookkeeping	1	2553	Fri Jul 4 00:07 2008 by robbiew
	Is the accounting treatment correct for this transaction? (Preview) An employee works in an accounting firm. The firm sends the employee to a client. As a travelling expenses, employee incurs £100. Employee asks the firm to repay him the travelling expenses of £100. Whereas the firm asks the client to pay the travelling expenses of £(100 + V.A.T), i.e., £117.50. ...	aita	2	2533	Tue Jul 1 18:08 2008 by aita
	deductions for childs full time education abroad? (Preview) Doing the self-assessment, I wonder, if I can reduct my personal income by the costs of school fees and accomodation for my dependent child in full-time education abroad. I am receiving child tax credit.	Oonagh	0	2139	Mon Jun 30 14:29 2008 by Oonagh
	Flight tickets flight tickets ryanair Fees & Charges (Preview) Hello everyone, I am not a book keeper and do my self assessments myself, including VAT. Concerning flight tickets for my business, I am unsure how to deal with the taxes. For example, Ryanair has got no clear brakedown of what they mean with "Taxes, Fees & Charges". There is no c...	Oonagh	2	3233	Mon Jun 30 14:16 2008 by Oonagh
	VAT?? (Preview) Hi I am entering alot of invoices for someone and i am a bit confused, the first thing is I have an invoice for streamline the amount without VAT is £29.33 abd the VAT due is £3.33, but at the bottom of the invoice the VAT is broken into two sections one at Standard VAT for net amount £18.99 17.5% = £3.33 and th...	shellie	2	2824	Fri Jun 27 08:00 2008 by shellie
	VAT returns (Preview) How do I reconcile on VAT return on Sage, have not used it before, have entered all purchase invoices and Sales invoices, can get VAT return figure but how do I reconcile nominal.	mandy	1	2363	Thu May 22 16:15 2008 by Wendy
	VAT Codes (Preview) Can any one help. I'd like to find out if there is a list available which gives basic accounting headings together with their VAT coding, i.e Wages = T9, Purchases = T1, etc. Any help would be appreciated as I didn't realise the difference between Non VAT and Exempt; Is this a common mistake?	Mindybint	1	16618	Fri May 9 10:20 2008 by Wendy
	Tax relief for use of personal car (Preview) Hi, One of my clients is using his own car for business travel but uses the company credit card for fuel. Can he still claim 40p/mile tax relief? Thank you in advance for any help!	haz	2	2586	Wed Apr 30 11:21 2008 by haz
	Incorrect VAT last quarter (Preview) Hi everyone, I am new to this forum and I am already finding it very useful. I started up my own bookkeeping business a few months ago and it is going really well. My question is I did a clients VAT return the last quarter (submitted it Jan 08 and I have just realised that their was an error on it of £900 under...	Amanda	2	3951	Mon Apr 28 20:59 2008 by Amanda
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