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

Shamus · Shamus

http://www.book-keepers.org.uk/t62264820/site-ethics/

Artois · Artois

Hi All Can anyone just confirm something for me please, a UK resident has foreign dividend income and this should be included on the UK tax return (above 2k), it is just that the firm that done this clients tax return last year told them it does not need to be included which has made me think i am going mad!...

Leger · Leger

I always take an estimated guess on how much to allow for mobile phone charges. I have an Amazon delivery driver on my books and can't make up my mind, but somewhere between 25% and 50%. Obviously not many calls, but will be high data use. Thoughts?

Artois · Artois

Morning all One of my clients breached the VAT threshold due to the 12 month rolling period, this was due to a large one off payment of approximately 50k, if they had the spread the payments over a few months they would have been fine but did not consult me at the time so what is done is done, in the 9 months s...

ANGELAJ · ANGELAJ

MY ALCOHOL (wine) BILL IS 172.26 including VAT - can anyone tell me what I have to divide it by to get the 22% of it?

susani · susani

Hello Advice please on how to enter ebay fees into sage accounts, the fees include vat to be reclaimed.

kazzaw2009 · kazzaw2009

I am a book keeper (record keeper) for my husband and he has taken on a young helper part time paying him £100 a week. I looked on HMRC back in July and it said that due to the low level of his earnings, you do not have to register as an employer. I called HMRC and was told that as well. Apparently we just need t...

Polly H · Polly H

Hello! We have just moved from Clearbooks to XERO and I'm finding it really hard to know the correct way in XERO to explain/reconcile web-sales of goods (greetings cards/wrapping paper) we have made to customers in the EU, where we have charged them 20% VAT on goods (because they are end-users and not...

Daisy · Daisy

Scottish person in Scottish care home being paid for with pensions and rental of house in Scotland. Person with Power of Attorney POA, lives in England. Tax return was for Scottish Tax last year but this year, 2019/2020,has been changed to English - who is responsible for the Tax? Can I leave at Eng...

Blonde Accountant · Blonde Accountant

Hi , I wonder if anyone can help please. I know that HMRC have stated that use of home @ £26 per month can be claimed for employees for the year, however can it still be claimed for part of the year. For example, the employer paid employees £26 per month from May-July, but now it has stopped, but the majorit...

Shav · Shav

I agreed to do a tax return for a uncle's friend who does some general building works ( sole trader ). I dont work in practice, i work in industry but just wanted to help him do the return just to get an experience - as i am thinking maybe i can do a little side business in the future- doing simple tax returns fo...

Leger · Leger

Throwing open for debate. If a sole director, furloughed because there is nothing happening in their line of work, spends a small amount of time trying to gain work, would this disqualify them from receiving furlough, and would costs incurred be allowed? The question has been asked of me and its lef...

Rhianrach · Rhianrach

Hi All When furlough started, employers with staff who work variable hours I worked out their average hours from the previous 12 weeks or 3 months (dependant on pay frequency). With the new scheme will I be taking a 12 week or 3 month average back from 31st October or use the original figures? -- Edite...

Jpeterson85 · Jpeterson85

Hello, we are using the VAT margin scheme on our sales of products (memorabilia and art) that fall into the scheme (pay 16.67% on the difference between the purchase and sale price of the item) and looking for advice on how this should be calculated, also taking into consideration the amount received...

Payrollstartup · Payrollstartup

Hi everyone! I currently work for a large company doing in house payroll, I am qualified in payroll and bookkeeping up to level 4 But the money isnt great so I am looking into working for myself in my spare time in hope to eventually be fully self employed eventually. I have 3 clients already for bookke...

AC · AC

I have a (standard) VAT registered Limited company client who supplies kit into business premises on a monthly rental basis. I'm being a bit vague on the product for confidentiality purposes. So let's say its industrial hoovers. They then also supply 'consumables' used as and when it was nee...

rafapak · rafapak

Hi guys I am trying to understand vat better. They say vat has to do with concept called ' utility' . Utility is about how businesses want to make their products be very attractive to final consumers. They achieve this in four ways. 1. Form- They convert raw materials into finished products 2. Time-...

Leger · Leger

When I first joined this forum it was quite lively with several posts a day and some interesting discussions. Over time, contributors have dwindled and we are now left with a handful of regular contributors. It can be more or less a week without any posts made and both I and Doug have experienced no res...

johnhemming · johnhemming

It sort of half news as they were talking about this earlier this year. Taxpayers with a turnover in excess of 10K will have to use MTD software for that tax year and later. VAT registered businesses under the compulsory threshold will become compulsory in FY 2022 This is the relevant ministerial...

Blonde Accountant · Blonde Accountant

Hi, I have a wages client whose staff have all been on furlough since April, he was wondering for September when he has to make up the extra 10% of their wages to 80%, if he can bring his staff into generate income to pay the 10%. Also he wonders if work does pick up in September, could he claim the 70% and the s...

Topic		Started By	Replies	Views	Last Post
	STICKY: Before Posting (closed) (Preview) http://www.book-keepers.org.uk/t62264820/site-ethics/	Shamus	0	4446	Sat Jun 11 15:08 2016 by Shamus
	Foreign Dividends (Preview) Hi All Can anyone just confirm something for me please, a UK resident has foreign dividend income and this should be included on the UK tax return (above 2k), it is just that the firm that done this clients tax return last year told them it does not need to be included which has made me think i am going mad!...	Artois	7	366	Wed Jan 20 15:48 2021 by PHALL
	Mobile Phone Expenses (Preview) I always take an estimated guess on how much to allow for mobile phone charges. I have an Amazon delivery driver on my books and can't make up my mind, but somewhere between 25% and 50%. Obviously not many calls, but will be high data use. Thoughts?	Leger	3	209	Mon Jan 11 17:10 2021 by Leger
	VAT Exception letter (Preview) Morning all One of my clients breached the VAT threshold due to the 12 month rolling period, this was due to a large one off payment of approximately 50k, if they had the spread the payments over a few months they would have been fine but did not consult me at the time so what is done is done, in the 9 months s...	Artois	5	386	Thu Jan 7 10:55 2021 by Artois
	MY ALCOHOL (wine) BILL IS 172.26 including VAT - can anyone tell me what I have to divide it by to get the 22% of it? (Preview) MY ALCOHOL (wine) BILL IS 172.26 including VAT - can anyone tell me what I have to divide it by to get the 22% of it?	ANGELAJ	3	456	Tue Dec 15 06:01 2020 by AC
	Ebay fees (Preview) Hello Advice please on how to enter ebay fees into sage accounts, the fees include vat to be reclaimed.	susani	2	367	Fri Dec 11 21:58 2020 by Kamranbsh
	New to Payroll (Preview) I am a book keeper (record keeper) for my husband and he has taken on a young helper part time paying him £100 a week. I looked on HMRC back in July and it said that due to the low level of his earnings, you do not have to register as an employer. I called HMRC and was told that as well. Apparently we just need t...	kazzaw2009	6	523	Wed Dec 2 18:39 2020 by kazzaw2009
	HELP! Explaining VAT for D2C sales to EU customers VAT EU SALES (Preview) Hello! We have just moved from Clearbooks to XERO and I'm finding it really hard to know the correct way in XERO to explain/reconcile web-sales of goods (greetings cards/wrapping paper) we have made to customers in the EU, where we have charged them 20% VAT on goods (because they are end-users and not...	Polly H	3	473	Sun Nov 22 17:16 2020 by BudgetB
	Taxpayer is in Scotland; but POA is in Engladd - which tax is due? (Preview) Scottish person in Scottish care home being paid for with pensions and rental of house in Scotland. Person with Power of Attorney POA, lives in England. Tax return was for Scottish Tax last year but this year, 2019/2020,has been changed to English - who is responsible for the Tax? Can I leave at Eng...	Daisy	2	260	Mon Nov 16 14:52 2020 by Daisy
	Use of home allowance (Preview) Hi , I wonder if anyone can help please. I know that HMRC have stated that use of home @ £26 per month can be claimed for employees for the year, however can it still be claimed for part of the year. For example, the employer paid employees £26 per month from May-July, but now it has stopped, but the majorit...	Blonde Accountant	2	482	Fri Oct 23 13:07 2020 by Blonde Accountant
	Sole trader tax return (Preview) I agreed to do a tax return for a uncle's friend who does some general building works ( sole trader ). I dont work in practice, i work in industry but just wanted to help him do the return just to get an experience - as i am thinking maybe i can do a little side business in the future- doing simple tax returns fo...	Shav	2	386	Mon Oct 19 23:54 2020 by Leger
	Furloughed Director - Obtaining new work (Preview) Throwing open for debate. If a sole director, furloughed because there is nothing happening in their line of work, spends a small amount of time trying to gain work, would this disqualify them from receiving furlough, and would costs incurred be allowed? The question has been asked of me and its lef...	Leger	6	693	Mon Oct 19 15:47 2020 by Artois
	JSS from 1st November (Preview) Hi All When furlough started, employers with staff who work variable hours I worked out their average hours from the previous 12 weeks or 3 months (dependant on pay frequency). With the new scheme will I be taking a 12 week or 3 month average back from 31st October or use the original figures? -- Edite...	Rhianrach	2	334	Mon Oct 19 11:41 2020 by AC
	Calculating VAT Margin Scheme and iZettle Fees (Preview) Hello, we are using the VAT margin scheme on our sales of products (memorabilia and art) that fall into the scheme (pay 16.67% on the difference between the purchase and sale price of the item) and looking for advice on how this should be calculated, also taking into consideration the amount received...	Jpeterson85	8	1608	Fri Oct 9 09:59 2020 by Leger
	Help choosing a payroll software (Preview) Hi everyone! I currently work for a large company doing in house payroll, I am qualified in payroll and bookkeeping up to level 4 But the money isnt great so I am looking into working for myself in my spare time in hope to eventually be fully self employed eventually. I have 3 clients already for bookke...	Payrollstartup	16	1584	Sun Oct 4 10:11 2020 by AC
	VAT tax point and processing issues (Preview) I have a (standard) VAT registered Limited company client who supplies kit into business premises on a monthly rental basis. I'm being a bit vague on the product for confidentiality purposes. So let's say its industrial hoovers. They then also supply 'consumables' used as and when it was nee...	AC	3	509	Tue Sep 22 20:49 2020 by Leger
	understanding vat (Preview) Hi guys I am trying to understand vat better. They say vat has to do with concept called ' utility' . Utility is about how businesses want to make their products be very attractive to final consumers. They achieve this in four ways. 1. Form- They convert raw materials into finished products 2. Time-...	rafapak	0	492	Fri Sep 11 21:01 2020 by rafapak
	The forum is dead, long live the forum (Preview) When I first joined this forum it was quite lively with several posts a day and some interesting discussions. Over time, contributors have dwindled and we are now left with a handful of regular contributors. It can be more or less a week without any posts made and both I and Doug have experienced no res...	Leger	43	3019	Fri Sep 11 20:54 2020 by rafapak
	MTD ITSA announced for 2023-24 (Preview) It sort of half news as they were talking about this earlier this year. Taxpayers with a turnover in excess of 10K will have to use MTD software for that tax year and later. VAT registered businesses under the compulsory threshold will become compulsory in FY 2022 This is the relevant ministerial...	johnhemming	23	2001	Thu Aug 27 09:24 2020 by BudgetB
	September Furlough help please (Preview) Hi, I have a wages client whose staff have all been on furlough since April, he was wondering for September when he has to make up the extra 10% of their wages to 80%, if he can bring his staff into generate income to pay the 10%. Also he wonders if work does pick up in September, could he claim the 70% and the s...	Blonde Accountant	3	638	Mon Aug 24 16:55 2020 by Blonde Accountant
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