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

Terri · Terri

I wonder if I could get some advice from you. At the moment I have the ICB Level 1 in Basic Bookkeeping and am awaiting 10th June to take the level 2 exam. Whilst waiting for my exam, I have been advertising for about a month and a half and so far have one client. The only problem is that I have turned away 9 p...

whiskerspanther · whiskerspanther

When inputting supplier invoices onto Sage for a non vat registered client, am I right in thinking I still input any vat element on these invoices?

whiskerspanther · whiskerspanther

Hi Can someone please tell me if a self employed person pays tax on the total sum of his income for the year, or if his/her expenses are deducted first then the tax is worked out on the difference? Also where you have allowances for say tools or uniform what amount of tax relief do you get? I have looked on th...

Silly Digits · Silly Digits

Over the years I have completed accounts and the Self Assessment form for a client of mine who is a sole trader (accupunture practitioner). Recently they have moved house and made a room into a clinic. They have been refurbishing the clinic. Just after some advice really. If they use this room sol...

Craig Murray · Craig Murray

Hello Currently looking to purchase some plant and machinery for my business and looking at both new and second hand equipment. Does anyone know if 2nd hand plant and machinery items will qualify for the annual investment allowance and get the 100% write off for the first £50,000. If it has to be new it...

Tipur · Tipur

An unusual situation has arisen with one of my clients, and not one i've come across before. They are VAT registered, and VAT is applied on each sales invoice raised for the goods/services they provide. A flight was booked and paid for by my client on behalf of a supplier. The supplier must pay for the...

zetor1111 · zetor1111

hi all Can anyone help me? My client has just started his business. He is not sure he will be have any clients in the first 3 months of running (he builds his client's database). What would be record (vat return) for vat? Will he have to do a vat return even he hasn't done any sale? Best regards Thomas

Silly Digits · Silly Digits

Hi Just need a bit of advice. My year end is 5 April. If I was to purchase some sage software before 5 April for approx £550, would I be able to claim 25% of this in my 2008/9 accounts as a capital allowance. This is not my first year of trading.

mark197f1 · mark197f1

hi everybody i need some advice im just starting a new buisness well taking over an established buisness and i have got to be vat registered can i only claim vat back on company purchases or can i claim it back on anything that i pay vat on?

SarahT · SarahT

Hi everyone My client is a limited company who does work under the CIS scheme. They had CIS tax deducted at source throughout the year and also made a substantial profit leading to a big corporation tax liability. My client wants to offset the CIS due back against the corporation tax payment that is due...

Amanda · Amanda

Hi Everyone Please can someone tell me how to add the new VAT code for 15% on SAGE instants V12. Sage did send an e-mail and I deleted it by mistake and must have forgotten to print off a copy for the file. I have changed it on Quickbooks and was very straight forward and I'm sure its probably straight forwa...

downfield pay · downfield pay

Client is a hairdresser who does not get involved in employees' tips from customers (ie no Tronc, etc) - employees keep what they are given. On the p35 at the payroll year end does she need to declare (question 3) the fact that employees receive "benefits" from others (ie the tips from cust...

luci · luci

Sorry to be a pain but just need to check something. I am trying to do a vat return for a client but they have put their vat number on invoices and then the money has gone into a head office account as its part of a franchise. My understanding is that they must include these on their return even though they hav...

hamster_tango · hamster_tango

Hello, I am about to submit Q4 08 VAT return and would much appreciate a view on this please! A customer has failed to pay a bad debt, we have been through small claims but no response at all. Therefore they now have a CCJ and we have not got our money. I would like to reclaim the £428.96 VAT which we paid t...

luci · luci

Please can i have your opinions on if this would seem reasonable to you. A sole trader has asked me to do his VAT return giving me this weekend to do it. He only has about 30-40 transactions but he has several missing documents/invoices which he cannot remember what amounts he paid and cannot find his ch...

alis · alis

I have just transferred some accounts to a new accounts program(VT transaction) and seem to have increased the VAT liability by the amount of the customers opening balances!! I would appreciate some advice as to how to show this has already been paid. The help with the package suggests I should dat...

Amanda · Amanda

Hi Everyone, I'm looking for some advise, as I having a blank moment. National insurance contributions would oyou post them to the Drawings account ot National insurance set up as an Expense. The previous person posted them to Drawings but I'm not so sure. I suppose they are also a liability as its mo...

Wowee · Wowee

My new client started trading in July (they have just engaged me). It issued invoices in July, and charged VAT on them, altho they had no VAT number. Vat registration certificate came thru with effect from 1st August. I know its illegal to charge VAT without being registered, but they didn't. Would it...

luci · luci

Sorry if this is in the wrong topic (this is my first post and not sure what to do) i have got a client who wants me to do his vat return when its due it appears to be quite straight forward but have no idea how much to charge? Any ideas would be appreciated. Lucy

lil miss · lil miss

Hi folks, Happy new year to you all! I have a new client who offers freelance sales services to companies (among other marketing services), she is basically receiving commission for new clients that she brings in to this specific company....my question for all you VAT experts out there is - is this a...

Topic		Started By	Replies	Views	Last Post
	Tax Returns (Preview) I wonder if I could get some advice from you. At the moment I have the ICB Level 1 in Basic Bookkeeping and am awaiting 10th June to take the level 2 exam. Whilst waiting for my exam, I have been advertising for about a month and a half and so far have one client. The only problem is that I have turned away 9 p...	Terri	5	3542	Wed May 6 16:24 2009 by Denise
	VAT Question (Preview) When inputting supplier invoices onto Sage for a non vat registered client, am I right in thinking I still input any vat element on these invoices?	whiskerspanther	5	4505	Mon May 4 12:44 2009 by lor
	Rates of Tax (Preview) Hi Can someone please tell me if a self employed person pays tax on the total sum of his income for the year, or if his/her expenses are deducted first then the tax is worked out on the difference? Also where you have allowances for say tools or uniform what amount of tax relief do you get? I have looked on th...	whiskerspanther	2	2227	Fri Apr 10 16:06 2009 by whiskerspanther
	Using a room for business (Preview) Over the years I have completed accounts and the Self Assessment form for a client of mine who is a sole trader (accupunture practitioner). Recently they have moved house and made a room into a clinic. They have been refurbishing the clinic. Just after some advice really. If they use this room sol...	Silly Digits	2	2386	Fri Apr 3 11:39 2009 by Silly Digits
	Annual Investment allowance (Preview) Hello Currently looking to purchase some plant and machinery for my business and looking at both new and second hand equipment. Does anyone know if 2nd hand plant and machinery items will qualify for the annual investment allowance and get the 100% write off for the first £50,000. If it has to be new it...	Craig Murray	0	2420	Wed Mar 25 19:16 2009 by Craig Murray
	Should VAT be applied on a sales invoice which is charging-on travel? (Preview) An unusual situation has arisen with one of my clients, and not one i've come across before. They are VAT registered, and VAT is applied on each sales invoice raised for the goods/services they provide. A flight was booked and paid for by my client on behalf of a supplier. The supplier must pay for the...	Tipur	1	2743	Fri Mar 20 11:42 2009 by Dustin57
	new business vat (Preview) hi all Can anyone help me? My client has just started his business. He is not sure he will be have any clients in the first 3 months of running (he builds his client's database). What would be record (vat return) for vat? Will he have to do a vat return even he hasn't done any sale? Best regards Thomas	zetor1111	1	2548	Fri Mar 13 12:26 2009 by Liz
	Capital Allowance (Preview) Hi Just need a bit of advice. My year end is 5 April. If I was to purchase some sage software before 5 April for approx £550, would I be able to claim 25% of this in my 2008/9 accounts as a capital allowance. This is not my first year of trading.	Silly Digits	2	2816	Thu Mar 5 13:16 2009 by Silly Digits
	new buisness vat (Preview) hi everybody i need some advice im just starting a new buisness well taking over an established buisness and i have got to be vat registered can i only claim vat back on company purchases or can i claim it back on anything that i pay vat on?	mark197f1	1	2569	Thu Mar 5 10:57 2009 by Wendy
	CIS and Corporation Tax (Preview) Hi everyone My client is a limited company who does work under the CIS scheme. They had CIS tax deducted at source throughout the year and also made a substantial profit leading to a big corporation tax liability. My client wants to offset the CIS due back against the corporation tax payment that is due...	SarahT	3	6605	Wed Feb 18 15:44 2009 by SarahT
	changing VAT to 15% on SAGE instants V12 (Preview) Hi Everyone Please can someone tell me how to add the new VAT code for 15% on SAGE instants V12. Sage did send an e-mail and I deleted it by mistake and must have forgotten to print off a copy for the file. I have changed it on Quickbooks and was very straight forward and I'm sure its probably straight forwa...	Amanda	6	3352	Fri Feb 13 11:57 2009 by TraceyAnn
	Gratuities on p35 at YE (Preview) Client is a hairdresser who does not get involved in employees' tips from customers (ie no Tronc, etc) - employees keep what they are given. On the p35 at the payroll year end does she need to declare (question 3) the fact that employees receive "benefits" from others (ie the tips from cust...	downfield pay	0	2101	Wed Feb 4 17:10 2009 by downfield pay
	VAT returns? (Preview) Sorry to be a pain but just need to check something. I am trying to do a vat return for a client but they have put their vat number on invoices and then the money has gone into a head office account as its part of a franchise. My understanding is that they must include these on their return even though they hav...	luci	1	3146	Thu Jan 29 09:43 2009 by Dustin57
	VAT on a bad debt (Preview) Hello, I am about to submit Q4 08 VAT return and would much appreciate a view on this please! A customer has failed to pay a bad debt, we have been through small claims but no response at all. Therefore they now have a CCJ and we have not got our money. I would like to reclaim the £428.96 VAT which we paid t...	hamster_tango	1	2434	Thu Jan 29 09:41 2009 by Dustin57
	Reasonable Charge (Preview) Please can i have your opinions on if this would seem reasonable to you. A sole trader has asked me to do his VAT return giving me this weekend to do it. He only has about 30-40 transactions but he has several missing documents/invoices which he cannot remember what amounts he paid and cannot find his ch...	luci	2	2526	Mon Jan 26 12:23 2009 by luci
	VAT on transferred balances (Preview) I have just transferred some accounts to a new accounts program(VT transaction) and seem to have increased the VAT liability by the amount of the customers opening balances!! I would appreciate some advice as to how to show this has already been paid. The help with the package suggests I should dat...	alis	0	2181	Sun Jan 25 21:51 2009 by alis
	National Insurance Contributions (Preview) Hi Everyone, I'm looking for some advise, as I having a blank moment. National insurance contributions would oyou post them to the Drawings account ot National insurance set up as an Expense. The previous person posted them to Drawings but I'm not so sure. I suppose they are also a liability as its mo...	Amanda	2	4206	Sat Jan 24 18:55 2009 by Amanda
	Charging VAT before VAT registration (Preview) My new client started trading in July (they have just engaged me). It issued invoices in July, and charged VAT on them, altho they had no VAT number. Vat registration certificate came thru with effect from 1st August. I know its illegal to charge VAT without being registered, but they didn't. Would it...	Wowee	1	3503	Wed Jan 21 13:52 2009 by Mary
	VAT- how much to charge? (Preview) Sorry if this is in the wrong topic (this is my first post and not sure what to do) i have got a client who wants me to do his vat return when its due it appears to be quite straight forward but have no idea how much to charge? Any ideas would be appreciated. Lucy	luci	3	7903	Mon Jan 19 18:32 2009 by luci
	VAT on sales commission??? (Preview) Hi folks, Happy new year to you all! I have a new client who offers freelance sales services to companies (among other marketing services), she is basically receiving commission for new clients that she brings in to this specific company....my question for all you VAT experts out there is - is this a...	lil miss	2	19301	Tue Jan 6 11:21 2009 by lil miss
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