VAT, Payroll & Tax - The Book-keepers Forum

Elaine R · Elaine R

Hi All, I help with the books of a partnership. It's a family business. I was having a conversation with one of the partners (the wife) about Self Assessment tax returns. She said her previous accountant told her that they were taxed on what ever profits were left in the company but I was under the imp...

morgwick · morgwick

Hi I have just taken on another new client

. It is a limited company. One side of the business rents property to other businesses and receive's monthly rent. He hasn't provided invoices though, just receipt for income (this shows no VAT, VAT number etc). Would there be any rent on this? Another side...

morgwick · morgwick

Its been a busy week! Could any tax specialists advise me as to whether a client of mine can claim tax relief for working at home (via their employment) in addition to including use of home in their self employed accounts. They work from home in their employment 3 days a week and works from home in sel...

Rhianrach · Rhianrach

Hi My Mum has a state pension that brings in £7280 pa. She also has a private pension that at the moment brings in £1056 pa. Is it right that she is taxed 20% on her private pension across the board even though the income combined is below her personal allowance?

Bucks Bodger · Bucks Bodger

Hi I'm doing the VAT return for a paper shop and I'm a little puzzled as to how I should account for promotional vouchers which are given in payment for papers. As things stand at the moment, when someone pays for a newspaper with a voucher it is rung up in the till as an ordinary sale and included in the dal...

Aaliya · Aaliya

Hello, I am trying to complete a CT600 on line for what is our first year in business.I have all of the figures in a commercial software package so I am able to generate P&L, Trail Balance etc.I have been entering the figures into the CT600 on line PDF but keep running into an error when I enter the P&am...

Georgie · Georgie

Evening all I have run the payroll for a client but not yet submitted it as I am still waiting for confirmation from the client that everything is OK. The RTI should be submitted by today but I am not sure what to do. Should I send it even though I have not heard from the client? georgie

Rich · Rich

I am about to make my first RTI submission for a client, and I assume that to log into the HMRC Gateway to do this I need to enter my own Gateway User ID and password. I have just had a sudden thought, and wanted to make sure this is correct and that I dont enter my Gateway Agent Identifier instead. Would be ver...

Chatterbox · Chatterbox

Could I please have some advice and guidence on a particular issue. I am locked in an argument with a retired bookkeeper over paying wages. When paying someone their net wage i am of the understanding and opinion you pay exactly what the net wage is to the penny. They are of the opinion you can round it up...

Samilou67 · Samilou67

If a company has a flat rate vat % of 7.5 % do I enter all receipts as gross and to T1 and still use t9 for non vatable things? This is really confusing me, thanks Sam

Princess · Princess

Do you apply for one of these for most of your clients as standard? In only have a few payroll clients, one only does mileage so there's probably no need but thinking of others I probably need to do one of these this year.

lindab · lindab

Hiya, li have a new client, who has paid £4500 for one of those Internet franchises. It's not a franchise in the true sense, it's a ready built website, complete with e commerce, e mail addresses, web hosting etc. she gets paid commission for every time somebody clicks through, and buys foods from the...

Georgie · Georgie

Hi, I am using Iris Paymaster at work and can't get through to the support line. The database isn't very good and out of date. I am hoping someone here can help me. I have just processed a leaver and after calculating the payroll for the month I am promted to print the leavers P45 . There used to be a box which...

ck_cat · ck_cat

I have a problem processing an employees SMP payment. In the old version of Basic Tools you had to put the SMP in the Gross pay box and also i the SMP box so it would recgnise the payment was SMP. Now the software is adding up the gross figure and the SMP amount, in effect doubling the pay. I've tried entering...

Samilou67 · Samilou67

If a Limited company has 2 salaried directors and their tax etc goes through the payroll do they also need to register for Self Assessment and complete a tax return? I assumed all the tax and NI would be accounted for that way. Can anyone clarify this for me? Thanks Sam -- Edited by Samilou67 on Tuesday 23...

Count1314 · Count1314

I have been asked to provide a form 4506-T urgently and have NO idea what it is!! Having done a quick search, it seems to be something listed under IRS and therefore US based and is a form authorising copies of previous self-employed tax returns for mortgage purposes. This is exactly the purpose and it i...

Liz Hardy · Liz Hardy

I have just process a employee leaving date as 12th April 2013 , gross salary £3269.24, using payroo payroll software - it hasn't deducted employers and employers NI, tax is as it should be, can someone advise please. Thanks Liz

cdmg19 · cdmg19

Good morning all, I have used the HMRC Basic PAYE tool in the past to double check that payroll calculations are correct (our payroll is outsourced) and forecast salaries for cashflow purposes. As we are not doing the payroll in-house, we do not require a sophisticated system. Now that RTI is in place...

Jay · Jay

Sorry guys, 2nd moan. New client with Returns ourstanding from 07/08 HMRC have been chasing him for some time, but have suffered a breakdown he failed to deal with anything. I prepared the Return for 2007/2008 showing tax overpaid through CIS. I wrote to HMRC with the Return, and asked if the Returns...

katsafe · katsafe

Do I have to order P60 forms from Sage in order to print from Instant Payroll or is there a way around this? One of my clients uses Sage instant and only has one employee so there's no way he needs to buy a pad of 50 forms. Is there a way around this? Thanks Kat

Topic		Started By	Replies	Views	Last Post
	Self Assessments for Partnerships (Preview) Hi All, I help with the books of a partnership. It's a family business. I was having a conversation with one of the partners (the wife) about Self Assessment tax returns. She said her previous accountant told her that they were taxed on what ever profits were left in the company but I was under the imp...	Elaine R	2	132	Mon Apr 29 14:38 2013 by Elaine R
	VAT - Rent a Chair & Property (Preview) Hi I have just taken on another new client . It is a limited company. One side of the business rents property to other businesses and receive's monthly rent. He hasn't provided invoices though, just receipt for income (this shows no VAT, VAT number etc). Would there be any rent on this? Another side...	morgwick	7	200	Sun Apr 28 09:50 2013 by morgwick
	Work at home tax relief (Preview) Its been a busy week! Could any tax specialists advise me as to whether a client of mine can claim tax relief for working at home (via their employment) in addition to including use of home in their self employed accounts. They work from home in their employment 3 days a week and works from home in sel...	morgwick	2	96	Sun Apr 28 09:34 2013 by morgwick
	Tax on pensions (Preview) Hi My Mum has a state pension that brings in £7280 pa. She also has a private pension that at the moment brings in £1056 pa. Is it right that she is taxed 20% on her private pension across the board even though the income combined is below her personal allowance?	Rhianrach	7	151	Sat Apr 27 18:52 2013 by Rhianrach
	Newspaper vouchers - how to account for them for VAT (Preview) Hi I'm doing the VAT return for a paper shop and I'm a little puzzled as to how I should account for promotional vouchers which are given in payment for papers. As things stand at the moment, when someone pays for a newspaper with a voucher it is rung up in the till as an ordinary sale and included in the dal...	Bucks Bodger	1	119	Sat Apr 27 17:03 2013 by Shamus
	Problem Filing On-Line CT600 (Preview) Hello, I am trying to complete a CT600 on line for what is our first year in business.I have all of the figures in a commercial software package so I am able to generate P&L, Trail Balance etc.I have been entering the figures into the CT600 on line PDF but keep running into an error when I enter the P&am...	Aaliya	1	129	Sat Apr 27 13:25 2013 by Princess
	Should I submit? (Preview) Evening all I have run the payroll for a client but not yet submitted it as I am still waiting for confirmation from the client that everything is OK. The RTI should be submitted by today but I am not sure what to do. Should I send it even though I have not heard from the client? georgie	Georgie	4	156	Sat Apr 27 08:45 2013 by Georgie
	Logging into HMRC to submit RTI for client. (Preview) I am about to make my first RTI submission for a client, and I assume that to log into the HMRC Gateway to do this I need to enter my own Gateway User ID and password. I have just had a sudden thought, and wanted to make sure this is correct and that I dont enter my Gateway Agent Identifier instead. Would be ver...	Rich	3	200	Fri Apr 26 22:47 2013 by Tom McClelland
	Paying wages (Preview) Could I please have some advice and guidence on a particular issue. I am locked in an argument with a retired bookkeeper over paying wages. When paying someone their net wage i am of the understanding and opinion you pay exactly what the net wage is to the penny. They are of the opinion you can round it up...	Chatterbox	12	794	Fri Apr 26 22:40 2013 by Tom McClelland
	Flat rate cash based VAT (Preview) If a company has a flat rate vat % of 7.5 % do I enter all receipts as gross and to T1 and still use t9 for non vatable things? This is really confusing me, thanks Sam	Samilou67	4	168	Fri Apr 26 18:18 2013 by Samilou67
	P11D dispensation (Preview) Do you apply for one of these for most of your clients as standard? In only have a few payroll clients, one only does mileage so there's probably no need but thinking of others I probably need to do one of these this year.	Princess	1	113	Fri Apr 26 09:29 2013 by Robert Pearce
	Internet franchise (Preview) Hiya, li have a new client, who has paid £4500 for one of those Internet franchises. It's not a franchise in the true sense, it's a ready built website, complete with e commerce, e mail addresses, web hosting etc. she gets paid commission for every time somebody clicks through, and buys foods from the...	lindab	0	131	Wed Apr 24 19:49 2013 by lindab
	P45 (Preview) Hi, I am using Iris Paymaster at work and can't get through to the support line. The database isn't very good and out of date. I am hoping someone here can help me. I have just processed a leaver and after calculating the payroll for the month I am promted to print the leavers P45 . There used to be a box which...	Georgie	1	95	Wed Apr 24 13:38 2013 by Georgie
	Is anyone using Basic PAYE Tools RTI? (Preview) I have a problem processing an employees SMP payment. In the old version of Basic Tools you had to put the SMP in the Gross pay box and also i the SMP box so it would recgnise the payment was SMP. Now the software is adding up the gross figure and the SMP amount, in effect doubling the pay. I've tried entering...	ck_cat	3	201	Tue Apr 23 20:40 2013 by Stardoe
	Self Assessment (Preview) If a Limited company has 2 salaried directors and their tax etc goes through the payroll do they also need to register for Self Assessment and complete a tax return? I assumed all the tax and NI would be accounted for that way. Can anyone clarify this for me? Thanks Sam -- Edited by Samilou67 on Tuesday 23...	Samilou67	1	87	Tue Apr 23 19:35 2013 by Brewsie
	Form 4506-T?? (Preview) I have been asked to provide a form 4506-T urgently and have NO idea what it is!! Having done a quick search, it seems to be something listed under IRS and therefore US based and is a form authorising copies of previous self-employed tax returns for mortgage purposes. This is exactly the purpose and it i...	Count1314	2	152	Tue Apr 23 10:07 2013 by Count1314
	Pay April 2013 (Preview) I have just process a employee leaving date as 12th April 2013 , gross salary £3269.24, using payroo payroll software - it hasn't deducted employers and employers NI, tax is as it should be, can someone advise please. Thanks Liz	Liz Hardy	4	193	Mon Apr 22 17:32 2013 by Liz Hardy
	Free payroll software (Preview) Good morning all, I have used the HMRC Basic PAYE tool in the past to double check that payroll calculations are correct (our payroll is outsourced) and forecast salaries for cashflow purposes. As we are not doing the payroll in-house, we do not require a sophisticated system. Now that RTI is in place...	cdmg19	0	119	Mon Apr 22 10:34 2013 by cdmg19
	HMRC lack of response (Preview) Sorry guys, 2nd moan. New client with Returns ourstanding from 07/08 HMRC have been chasing him for some time, but have suffered a breakdown he failed to deal with anything. I prepared the Return for 2007/2008 showing tax overpaid through CIS. I wrote to HMRC with the Return, and asked if the Returns...	Jay	5	370	Mon Apr 22 10:17 2013 by Don Tax
	Printing P60 Sage Instant Payroll Sage Instant Payroll P60 form (Preview) Do I have to order P60 forms from Sage in order to print from Instant Payroll or is there a way around this? One of my clients uses Sage instant and only has one employee so there's no way he needs to buy a pad of 50 forms. Is there a way around this? Thanks Kat	katsafe	5	388	Sun Apr 21 21:45 2013 by katsafe
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