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How to correctly fill out a VAT return
(Preview)
Hi everyone. I am just filling in my first VAT return online, but was wondering if someone could give me an example of how this is done. Could anyone in-the-know please put the amounts next to each of the following 9 questions based on the following example figures? This would be greatly appreciated: E...
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Johny
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5
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24921
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Vat Liability Accounts
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Hi, In February the company I work for made paid their VAT liability to HMRC for the 3 month period to end Jan 2010, also the end of their financial year. This was calculated manually and they have since started using an accounts system. They paid the liability in Feb so how do I account for that on the ac...
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buckland10
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4
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3293
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VAT WAS CHANGED TO CUSTOMER AT INCORRECT RATE
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Our customer was charged vat at standard on a invoice raised after work was carried out to his property. The customer then had a vat inspection and it was established that vat should be zero rated. (Think he will have been asked to refund all the vat he has claimed on this renovation.) Customer sent me co...
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Lizzy D
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6
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3033
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Buying or Leasing a new laptop
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Charity organisation wants a new laptop cost £1102.00. Company who maintains our IT sent a quote for cash purchase or 3 year rental plan. Director wants to know whether or not it will be of benefit to us to rent. Personally I think not but if someone could look at these figures and confirm my thoughts...
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semsley
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7
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2175
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Please help: Taxable pay tables 2009-2010
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Can anyone direct me to a link, or explain how I can get hold of a copy of the 2009-2010 :- HMRC Taxable pay tables: manual method HMRC Taxable pay tables:calculator method Thank you.
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jo16600
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3
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4600
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Invoices issued before VAT registration / Help Please...
(Preview)
**Sorry, I posted this is the wrong section, I have posted it under the proper VAT category** Hi, I am new to this forum, but could someone please advise me on my situation. I have just decided to become VAT registered. I applied online and was approved in 2 weeks. However, I have a few unpaid invoices fro...
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Johny
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4
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9383
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Directors NICs exact percentage method
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Hi guys I've been doing a course on payroll using sage instant payroll and i'm about to send off for the exam once i finish this mock exam. I am trying to set up a director using the exact percentage method and would like some advice on how to do this. What i've done is in the employees details tab i have ticke...
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fiskybear
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1
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4299
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On Line VAT registration
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Hi guys, I have a client who cannot find his vat certificate and did not receive one of those useful letters explaining about the need to register on line for vat. I have all the details I need to register him apart from the 'vat registration date'. About 500 calls to hmrc all have resulted in 'we are very b...
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RobH
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12
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2635
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HMRC = Help Make Registering Complicated
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I've seen other threads on the subject but just thought I'd let you all know my experience of trying to register as a self assessment agent. I needed to originally set myself up as an agent because I do PAYE for a client. I went to the HMRC site, went through the process, got my gateway ID and my IR agent refe...
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Wella
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30
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11856
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Book-keeping and Taxation
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This may seem like a dumb question, a few people have asked me that once I have finsihed my training would I be able to do there self assessment forms and VAT returns. Is there any legal requirement other than having PII and MLR measures in place, to allow me to do this for clients? Any advice greatly appr...
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Skyebookkeeper
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4
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1501
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P11d's
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Hi I have to complete a couple of P11d's for two of my clients and I am slightly confused, think the hot sun is frying my brain. I have two clients, both ltd companies, 1 director in one company and 1 director, 1 employee in the other. They all have company cars and all earn less than £8500. Do I still complet...
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Marky65
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4
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2766
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VAT charged to customer in Australia????
(Preview)
Hi Everyone, I'm after some help! I have a client who has a customer in Australia and ships some parts out to him (the parts come from England), my question is are we meant to charge VAT on the invoice to him. I know the rules changed in January but can't seem to find anything on the HMRC website. Probably...
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Amanda
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3
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17189
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mileage
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ok, probably silly questions but would like to know. I no you can claim 40p per mile upto 10,000miles and 25p?? thereafter. im confused with where this goes on a self emploed tax return??? Also do i just post the fuel receipts and then take these out again at year end to workout allowable mileage???? Or t...
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StuartAnder
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1
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1496
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Foreign Sales help
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Hi, Sorry launching in without an introduction for now (but very pleased to have found this site!) I have a client who has just set up a business whereby he offers consultancy/valuation services on large industrial plant and receives commission on the actual point of sale. I have a couple of question...
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Islandgirl
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2
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1490
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farmer purchasing 4x4
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Hi all I have a client who is a farmer and has purchased a 4x4 for the farm and wanted to know what are the rules. He is a ltd company, I just need to know from a bookkeeping point of view as I am passing it on to my contact to file etc. Should I put through the whole value of the 4x4, is this treated as an company veh...
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lor
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14
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8579
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VAT Registered Partnership - Two Businesses
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Has anyone any idea of the VAT position of a partnership that operates two separate businesses? The core business and main income is from construction and instillation services. The second is as far removed from that as it is possible to get but still owned by the partnership (father & two sons...
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Wella
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2
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1718
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No invoice or Receipt!
(Preview)
Another how do you do it question. What's the best way to record a credit card payment (on Sage), when that's all you got? If it's for a non account payment to a supplier but the items bought are unknown, they could be purchases or expenses and the client is VAT registered, so no VAT invoice to file (T0, T9,...
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Wella
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21
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4246
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Footballer's Reclaim?
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Hi, I have been asked to look into reclaiming VAT for someone who plays football, they said they have been told they are entitled to reclaim for the past 6 years? I cannot find anything on the HMR website if anyone knows anything about this?
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McSpurren
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6
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2180
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Self Employed Roofer
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Hi Can anyone clarify this for me. A Self employed roofer who works under the CIS scheme but also does jobs of his own. when filling in the sa tax return on his self employment, can he put down the cost of materials for the jobs he does under his own steam as expenses and just pay tax on the wage he gets for thes...
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Ammers
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3
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2112
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VAT late in registration
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Hi I am new to the forum, but wondered if someone could help. Just got my first client a public house done no book-keeping new business started in April 2009. My question is they should be registered for VAT. I think it would be easier for them to be on the flat rate scheme, but from which date should i sta...
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Deedee
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5
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1433
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