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

blondie · blondie

Good morning, I'm doing quarterly VAT returns, how long do i have to complete and return it? I know that if i'm doing 'Apr-June' it has to be sent in July, but what is the final date please? Any help welcome.

Zigs · Zigs

Hi Im doing the bookkeeping for builder, he had no income fror the period of the vat return as the work he had undertaken was not completed therefore no payments had made to him, however he put the amount of vat to reclaim from the purchases he had made. HMRC have said that he has to have a income figure al...

Silly Digits · Silly Digits

A client of mine has been renting out a property in USA jointly with 2 other people. An accountant is preparing the accounts for the property, but just need some guidance on how this works. Usually I would complete his self assessment tax return with employment and self employment, but this year I...

lor · lor

Just a quick question, I have been asked by someone, when is the earliest time they can file a tax return for the tax years 09/10. I know that it has to be done by 31st jan 11, but unsure when the earliest point would be. thank you in advance for your answers.

brooklh · brooklh

Hi All, I have a client who uses Sage Instant Accounts but I am not all that familiar with this system so could someone please let me have some advice? The system is of course currently set up to register VAT at 15%. However, when this changes on 1 Jan 2010, and I need to change it to 17.5%, how do I go about thi...

Rach · Rach

Hi All, new to this forum and I'm after some advice, pretty please! We are using the Employer CD Rom for payroll. We would like to give our staff a bonus for Xmas and I'm a bit stuck on the best way to go about this. The staff in question are monthly paid, and we would like them to have a set amount AFTER tax and N...

lor · lor

Hi All, Please could someone help, I have a client who can't find their P45, but it is needed to file their self assessment online (as they were employed at the beginning of the tax year) as well as being SE'ed, I have all their pay slips but then it asks for a PAYE no for the client. Is there any way around thi...

lor · lor

Hi All, I have a client, who is due a vat return refund, but HMRC have decided to do a further investigation on this. This is one of the things they have asked for: A VAT audit trail detailing Sales and Purchases that substantiates the figures declared on the return My question is how much detail should I...

lor · lor

Hi There, could you confirm that when it states tax overpaid,do you receive money back from HMRC or does it get allocated against next yrs tax return. I pretty sure its the latter but would like to be 100% sure! -- Edited by lor on Tuesday 1st of December 2009 01:01:06 PM

steve99.9 · steve99.9

Hi Does anyone know if business rates are zero rated , exempt or outside the scope of VAT Many thanks Steve

lor · lor

self employed and employed income: Am I correct that when declaring your Income for SE and if you have both the above then you will be taxed on both? even though you have paid paye through your wages when you were employed? this doesn't seem fair but I do expect there is a valid reason, could someone kindl...

Silly Digits · Silly Digits

I have a client who has income from a foreign property that is owned jointly. I have just found out that I need commercial tax return software to file online. Is there such thing as free commercial software? If so any suggestions would be great. Also any advise would be appreciated on the figures to...

lor · lor

Hi All Just a quick question that I wish to make sure that I am 100% clear on. When completing a clients self assessment tax return, when it comes to the part where you need to put interest received does this only incl business a/c or is this including any bank a/c in the clients name (personal ones). Thank...

tayorich · tayorich

Hi all, Could you give me some advise re the following scenario. My client raised an invoice back May and paid the invoice in batches. She paid the last instalment (which happens to be the vat element of the invoice) within the current vat submission period. Is it just a simple case of claiming the vat o...

T P · T P

Hello. I posted a while ago about studio costs in accounts, but am still a bit confused. I hope someone doesn't mind clarifying. My b-i-law lives at home with his parents and pays £200 per month in "rent". He is self employed as an illustrator, and works in one of the rooms of the house as his st...

Tom H P · Tom H P

Hi guys, I hope someone might be able to help me out please?! I'm having a play about with Sage Payroll and I've entered an individual, as a director, for sage to calculate the NI contributions as per the tax tables. Sage calculated this correctly for my fake "month 1" for the employee's NI co...

Tom H P · Tom H P

Hi guys, I was just wondering, my brother in law started his own business last year, and his profit for the year was well below the tax free allowance. But because he's been doing his own accounts, he didn't allow for the fact that he had a debtor of 900 quid at the end of the year. He has subsequently includ...

Suffolker · Suffolker

I was just wondering about the following; lets say a self employed person has income of 23,000 and outgoings of 13,000, the tax free earnings for last year was 6,035 does that mean the person would be taxed on everything over the 6,035 and up to the 23,000 OR is it a case of because they made 10,000 profit...

Silly Digits · Silly Digits

A client (Ltd co, VAT reg) has given me all the receipts for his materials to which I will reclaim the appropriate VAT, but he has now told me that a payment that has been banked was for a friend of his, that he purchased some materials for. Just to clarify if reclaiming VAT on materials I would then have acc...

kpm · kpm

Hi Need sage professional help. to balance ledgers I need to carry out a number of adjustments where the vat rate when initial transaction was 17.5% and when deleting an entry and re-entering with the correct information the standard rate is now set at 15%. How can I do these adjustments where some tr...

Topic		Started By	Replies	Views	Last Post
	VAT return date? (Preview) Good morning, I'm doing quarterly VAT returns, how long do i have to complete and return it? I know that if i'm doing 'Apr-June' it has to be sent in July, but what is the final date please? Any help welcome.	blondie	2	4806	Wed Jan 6 12:32 2010 by blondie
	VAT inspection (Preview) Hi Im doing the bookkeeping for builder, he had no income fror the period of the vat return as the work he had undertaken was not completed therefore no payments had made to him, however he put the amount of vat to reclaim from the purchases he had made. HMRC have said that he has to have a income figure al...	Zigs	7	3496	Wed Jan 6 09:26 2010 by Shamus
	Income from foreign property (Preview) A client of mine has been renting out a property in USA jointly with 2 other people. An accountant is preparing the accounts for the property, but just need some guidance on how this works. Usually I would complete his self assessment tax return with employment and self employment, but this year I...	Silly Digits	4	2026	Tue Jan 5 12:06 2010 by Silly Digits
	earilest time to do a tax return! (Preview) Just a quick question, I have been asked by someone, when is the earliest time they can file a tax return for the tax years 09/10. I know that it has to be done by 31st jan 11, but unsure when the earliest point would be. thank you in advance for your answers.	lor	5	2280	Wed Dec 16 18:55 2009 by lor
	SAGE - changing VAT from 15% to 17.5% (Preview) Hi All, I have a client who uses Sage Instant Accounts but I am not all that familiar with this system so could someone please let me have some advice? The system is of course currently set up to register VAT at 15%. However, when this changes on 1 Jan 2010, and I need to change it to 17.5%, how do I go about thi...	brooklh	3	5033	Tue Dec 15 23:30 2009 by semsley
	Xmas Bonus (Preview) Hi All, new to this forum and I'm after some advice, pretty please! We are using the Employer CD Rom for payroll. We would like to give our staff a bonus for Xmas and I'm a bit stuck on the best way to go about this. The staff in question are monthly paid, and we would like them to have a set amount AFTER tax and N...	Rach	1	1669	Tue Dec 15 13:33 2009 by BackOfficeGroup
	P45 or lack of! (Preview) Hi All, Please could someone help, I have a client who can't find their P45, but it is needed to file their self assessment online (as they were employed at the beginning of the tax year) as well as being SE'ed, I have all their pay slips but then it asks for a PAYE no for the client. Is there any way around thi...	lor	12	4411	Wed Dec 9 18:41 2009 by lor
	vat inspection (Preview) Hi All, I have a client, who is due a vat return refund, but HMRC have decided to do a further investigation on this. This is one of the things they have asked for: A VAT audit trail detailing Sales and Purchases that substantiates the figures declared on the return My question is how much detail should I...	lor	10	8212	Fri Dec 4 12:21 2009 by lor
	tax return question (Preview) Hi There, could you confirm that when it states tax overpaid,do you receive money back from HMRC or does it get allocated against next yrs tax return. I pretty sure its the latter but would like to be 100% sure! -- Edited by lor on Tuesday 1st of December 2009 01:01:06 PM	lor	2	1753	Tue Dec 1 18:50 2009 by lor
	Business Rates (Preview) Hi Does anyone know if business rates are zero rated , exempt or outside the scope of VAT Many thanks Steve	steve99.9	1	2193	Fri Nov 27 21:56 2009 by semsley
	declared income (Preview) self employed and employed income: Am I correct that when declaring your Income for SE and if you have both the above then you will be taxed on both? even though you have paid paye through your wages when you were employed? this doesn't seem fair but I do expect there is a valid reason, could someone kindl...	lor	5	1941	Fri Nov 27 12:26 2009 by lor
	Foreign Income & Commercial tax returns (Preview) I have a client who has income from a foreign property that is owned jointly. I have just found out that I need commercial tax return software to file online. Is there such thing as free commercial software? If so any suggestions would be great. Also any advise would be appreciated on the figures to...	Silly Digits	0	1747	Fri Nov 27 10:05 2009 by Silly Digits
	bank interest for tax return (Preview) Hi All Just a quick question that I wish to make sure that I am 100% clear on. When completing a clients self assessment tax return, when it comes to the part where you need to put interest received does this only incl business a/c or is this including any bank a/c in the clients name (personal ones). Thank...	lor	13	4768	Thu Nov 26 12:33 2009 by lor
	To reclaim or not to reclaim (Preview) Hi all, Could you give me some advise re the following scenario. My client raised an invoice back May and paid the invoice in batches. She paid the last instalment (which happens to be the vat element of the invoice) within the current vat submission period. Is it just a simple case of claiming the vat o...	tayorich	2	1819	Mon Nov 23 17:17 2009 by semsley
	A bit confused - rent vs studio costs (Preview) Hello. I posted a while ago about studio costs in accounts, but am still a bit confused. I hope someone doesn't mind clarifying. My b-i-law lives at home with his parents and pays £200 per month in "rent". He is self employed as an illustrator, and works in one of the rooms of the house as his st...	T P	5	1772	Mon Nov 23 07:51 2009 by T P
	Directors NI contributions (Preview) Hi guys, I hope someone might be able to help me out please?! I'm having a play about with Sage Payroll and I've entered an individual, as a director, for sage to calculate the NI contributions as per the tax tables. Sage calculated this correctly for my fake "month 1" for the employee's NI co...	Tom H P	11	12164	Thu Nov 19 16:26 2009 by BackOfficeGroup
	Tax free allowance - well under last year (Preview) Hi guys, I was just wondering, my brother in law started his own business last year, and his profit for the year was well below the tax free allowance. But because he's been doing his own accounts, he didn't allow for the fact that he had a debtor of 900 quid at the end of the year. He has subsequently includ...	Tom H P	2	1663	Sat Nov 14 08:42 2009 by Tom H P
	Taxed Earnings & Limits (Preview) I was just wondering about the following; lets say a self employed person has income of 23,000 and outgoings of 13,000, the tax free earnings for last year was 6,035 does that mean the person would be taxed on everything over the 6,035 and up to the 23,000 OR is it a case of because they made 10,000 profit...	Suffolker	3	1841	Fri Nov 13 14:48 2009 by Suffolker
	VAT on goods for private use (Preview) A client (Ltd co, VAT reg) has given me all the receipts for his materials to which I will reclaim the appropriate VAT, but he has now told me that a payment that has been banked was for a friend of his, that he purchased some materials for. Just to clarify if reclaiming VAT on materials I would then have acc...	Silly Digits	3	1966	Thu Nov 12 19:59 2009 by semsley
	Adjustments in SAGE (Preview) Hi Need sage professional help. to balance ledgers I need to carry out a number of adjustments where the vat rate when initial transaction was 17.5% and when deleting an entry and re-entering with the correct information the standard rate is now set at 15%. How can I do these adjustments where some tr...	kpm	3	2461	Tue Nov 10 14:43 2009 by BackOfficeGroup
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