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VAT on motoring costs
(Preview)
Can anyone advise on reclaiming VAT on motoring costs. I have a client who has recently purchased a new vehicle, he is VAT registered, he has claimed all the VAT back on the purcahse of the vehicle, 100% business use. My client is a limited company. I am presuming that he can reclaim VAT on all repairs e...
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Silly Digits
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5
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2905
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help with the understanding of an invoice
(Preview)
Hello all, I have a problem regarding invoicing. My accounttant seems to be gone on holiday and I am alone,,,please help. As explained in another forum thread, I will sell music from unsigned and signed bands, this also means that some of them will be business registered and some others won't. I will h...
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bambinou
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2
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2746
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Hairdressers - New Limited Company set up
(Preview)
Hi, Anything special to watch out for with regards to tax on a newly formed Ltd company (hairdressing) non VAT registered. 2 Directors will be full time workers also - any payroll issues around this? They want to go via the minimum earnings/dividends route - any points to note there?
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Fitzpaam
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0
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1802
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VAT & Italian Conference
(Preview)
Hi I have a client who is going on a conference to Rome (lucky bugger) in September and his invoice includes vat at 20%. Using Sage I was thinking of using VAT code T8, is this correct Thanks for your help Regards Mark
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Marky65
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1
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1696
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Vat on used vehicles
(Preview)
Can someone tell me please if vat is involved when buying and selling used cars/motor bikes. If so how is it calculated? Thanks Peter
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pmcclure
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9
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5823
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what is a reversal charge?
(Preview)
Hello all, As explained in the other thread I will use the self invoicing system with my suppliers. My accountant told me to write self invoices with 0% V.A.T when the suplpier is outside UK but in EC, he also told me (months and months ago) to do reversal charge from those 0% V.A.T. Could someone explain...
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bambinou
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1
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2090
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Help with self invoicing
(Preview)
Dear All, I have set up a company in UK(a website), I will do my best to explain my problem. 1)I will sell mp3s ONLINE, therefore the bands will be my suppliers. 2)Each time I will sell a song, I will also be supplied with it, both transactions will be done at the same time. 3)In order to get a fast and reliabl...
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bambinou
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6
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3448
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Annual Business Inquiry
(Preview)
Hi Can any one please tell me what an Annual Business Inquiry is and what does it entail. Thanks Shellie
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shellie
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4
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7319
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VAT help
(Preview)
hello im a bricklayer sub-contracting on a labour only basis in belgium, right the thing is the contractor whom im working for insists that im VAT reg, so in order to receive my payments i`v had to vol register for VAT,even though i may only earn 40k a year, on my invoice could i put excluding VAT?to avoid...
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rigger
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2
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2597
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Vat Schemes & Return Dates...
(Preview)
I've just started doing the vat returns for a new client. I enter all the sales and purchases with the gross and vat seperated, is this the standard way and do I need to tick any boxes on sage? They claim vat when the invoices are issued rather than when they are paid. Also I was wondering what the deadlin...
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Suffolker
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3
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2292
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Annual Investment Allowances
(Preview)
Need some advice about AIA. A client of mine works from home and has had repairs/improvements done on the business part of her residential property. She has spoken to the tax office who inform her that these can all be claimed as AIA 100%. The total is about 4K. I thought that it was only plant &...
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Silly Digits
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5
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2245
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VAT RETURNS
(Preview)
Hi I am currently struggling with the following VAT return and international transactions:- 1/ During the quarter the company made purchases both from Ireland and the USA, say gross value of £500 and £1,000 respectively. No VAT was incurred on the US transactions however invoices from Ireland att...
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Crowy2004
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1
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2174
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VAT reclaim on business mileage
(Preview)
Hi there, I am a junior member of a business which has several types of vehicles in its fleet, and I have several questions regarding the reclaim of business mileage. I have my suspicions on the correct answers, but just thought I would post on here to gain a second opinion. The purpose of doing this is f...
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LB1
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1
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5648
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Has anyone ever got a tax refund for a client ?
(Preview)
I was just wondering if any of you has ever got a tax refund for a client ? To be more specific, if you take on a new client who has just started self employment and was also self employed (either at the same time or within the same financial year). If overall they made a SE loss, how do you go about getting a ref...
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Flex Accounting Services
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7
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2079
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VAT on rebates
(Preview)
Where I work we receive monthly rebates on our 0845 tel no which include VAT. I post them as credit notes and to receive the refund I have been asked to raise a sales invoice to allow for the correct treatment of VAT. I just wondered if anyone had any experience of this as by raising and processing a sales i...
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Julie Dawn
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2
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6236
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Self Assessment - multiple employments
(Preview)
Hi all, I am completing the tax return for a client who is a rep for lots of various companies and wondered how I enter more than 15 employment details. Would I be right in thinking that I do the first 14 as explained then on the fifteenth line, enter the rest of the employments altogether and seperate them...
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JoBooth
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2
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1785
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VAT Return on Sage
(Preview)
I am about to start a job where they want me to submit VAT Return on Sage Line 50. I post all receipts/invoices etc but have not had to run a VAT report before or produce a return. What checks need to be made on the VAT report before the return can be completed. Thanks all Debbie
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Debbie H
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2
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5538
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Self Assessments - How to qualify to complete these for companies
(Preview)
Hi all The ICB have told me that they can no longer supply the information needed to get the Diploma in Self Assessment, so I was wondering if anyone knew 1) How to get the information / qualification 2) If you need the qualification in order to complete them 3) Are there any pre-requisites. I have only ju...
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Andy Davies
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5
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4169
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Self Assesment Posting
(Preview)
Hi there I am working for a company who is not limited and the proprietor has to pay self assesment tax. Can anyone help me with where i should post this payment to? Also he pays monthly NI contributions. I have previously been posting this to 2211 (National Insurance) but they have since started payro...
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valsy2002
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1
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1972
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VAT on goods supplied to Ireland
(Preview)
Hi I have a client who has supplied goods to County Clare in Ireland and has charged VAT at 15%. Is this correct? Should these goods be zero rated? Any advice would be greatly appreciated! L
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LisaB
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6
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17009
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