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

mindy · mindy

Hi, Does anyone here have any experience or know more about the US Tax Credit for Research and Development? Thanks

Artois · Artois

Morning all I have a Ltd Company client that is moving to a new accountant, there is only one Director and I have done the payroll on Moneysoft up until the end of November as agreed, I have sent over all the handover documents that was asked for to the new accountant, is there anything further I need to do...

mushroom · mushroom

Hi all, its been a long time since I've been here. Anyway, just a quick one (hopefully). Just got a new client who decided he would be able to compile his own accounts (heard that one before). He's selling digital services, mainly into Germany. Business is based in Northern Ireland, which is still p...

mgarfin · mgarfin

We receved our C79 for April. It has an import record we don't know about. How can we get more info, before we dismiss it as an error?

Riel · Riel

Hi, We have an employee with a Land Rover Defender as a company vehicle and I am trying to find out whether this is taxed on P11d as a commercial vehicle or not. i have found a list on HMRC website with Land Rovers but not a defender. Does anyone have any ideas where else I can look? Any help would be much ap...

mindy · mindy

Hi, A new employee came to sign a work contract with his new employer. Before signing the contract, his employer regretted accepting the new worker and decided to cancel the contract. My question was: does the employer have any obligations to the employee, if the contract wasn't signed in the end? Ca...

Leger · Leger

First of all my apologies, I haven't posted the fun page for quite a while as my weekends just seem to fly by. I'm away this weekend but will try to post something Sunday night/Monday morning. I have a copy of last years pl and balance sheet, which I have inputted into taxfiler but can't get the balance s...

BGreg · BGreg

Good evening, Im helping a new business whos sales are all VAT Exempt, therefore they cannot register for VAT (I think?) - my question is, how should I be recording their purchase invoices (in xero) should they all be entered as no VAT as none will ever be reclaimed, or should they be entered with the VAT...

Leger · Leger

Got an electrician chappy on my books who uses a car exclusively for work, a ford ranger bought new 5 years ago. In this set of accounts I have an invoice for LED headlights and tail lights which come to the best part of £800. I can't make up my mind whether this is just to make the car a bit more "posh" if that...

Oly · Oly

Hiya I've always found our accounting 'year' confusing. An accountant set it up decades ago to run from 1 May to 30 April. It means we're always a year or two behind, I'm sure you know what I mean? I wondered if I could move the 'year' forwards 3 months, a quarter, at a time. So after three years of 15 month...

Mark99 · Mark99

Hi Everyone I look after a few road freight businesses and I have a question about congestion charges incurred by truck and van drivers. These are generally VAT exempt. However, in passing on the costs to the customers, I think a VAT registered driver ought to include VAT on whatever he or she has pai...

Hamilton61 · Hamilton61

Hi I've just taken on a pub as a new client and they have given me daily Z reports. (I haven't done bookkeeping for a pub before). The reports give me a breakdown of Draft, Bottles, Spirits etc (and food) as gross sales. There is then a breakdown of cash and credit card takings which the report shows as n...

Alex Davidov · Alex Davidov

Good afternoon. My question is how to account for the difference between the standard VAT rate and the amount which pay to HMRC using a 9% flat rate? I suppose I need to increase the taxable income with the difference. And for the expenses - can I enter the gross amount using No VAT? So, for example, if I ha...

LouiseR · LouiseR

Hello We are an Apprenticeship Training Provider which is 99% funded by the ESFA. We are being absolutely hammered by VAT that we cannot recover because the supplies to learners we are making (we arent charging them, we are just delivering our ESFA (Government) contract, are outside scope. I have to...

AMajor · AMajor

Hi everyone, I'm hoping those with Sage knowledge can assist here. My client has imported some goods from Vietnam. She has signed up for a Duty Deferment Account with HMRC and we have the first statement. I can find only information on Sage that mentions Postponed VAT accounting so not sure I am lookin...

getting_it_right · getting_it_right

Help!! I've been looking at how business mileage claims have been posted for a VAT registered company, and came across some notes which suggested we should be calculating the "Approved Amount" claimable, and when posting separating out the VAT element of the expense. So posting 2 lines for each tra...

Queenie · Queenie

Hi I wondered if anyone could help. Ive just had the annual audit and they raised an issue as Id put vat on a customer invoice for a grant. our local council had said it should have VAT on. Apparently we was misinformed. is it not their responsibility to tell me correctly or was it my responsibility to che...

Kinbuck · Kinbuck

Hi EveryoneI de-registered a (troublesome) client for Vat at 31/3/20 as he stopped the catering part of his business and was only providing chef services. Due to Covid he had to go back to catering after 6 months and has only just told me when handing the records over. To be honest, I didn't expect to s...

Artois · Artois

Hi all New client has a Ltd Co ''owning' two properties which they have asked me to do the accounts for, they done last years accounts themselves and the properties have been included on the balance sheet but there were no profits on rental, on taking over the accounts and looking into this further it t...

Leger · Leger

Just doing a 20-21 tax return and realised I didn't depreciate a vehicle on the 19-20 return. Should I amend the tax return to match? Obviously there is no tax loss/gain in doing so. Secondly, is claiming capex if profit is below tax threshold voluntary for the same year. This year he's (just) over t...

Topic		Started By	Replies	Views	Last Post
	R&D Tax Credit (Preview) Hi, Does anyone here have any experience or know more about the US Tax Credit for Research and Development? Thanks	mindy	1	1293	Thu Dec 16 12:18 2021 by Leger
	Payrol client leaving (Preview) Morning all I have a Ltd Company client that is moving to a new accountant, there is only one Director and I have done the payroll on Moneysoft up until the end of November as agreed, I have sent over all the handover documents that was asked for to the new accountant, is there anything further I need to do...	Artois	5	1616	Sun Dec 12 14:25 2021 by Leger
	B2B Services UK to EU VAT query (Preview) Hi all, its been a long time since I've been here. Anyway, just a quick one (hopefully). Just got a new client who decided he would be able to compile his own accounts (heard that one before). He's selling digital services, mainly into Germany. Business is based in Northern Ireland, which is still p...	mushroom	1	1365	Fri Dec 10 18:20 2021 by Artois
	C79 Reconciliation - C79 with unknown import (Preview) We receved our C79 for April. It has an import record we don't know about. How can we get more info, before we dismiss it as an error?	mgarfin	2	1837	Tue Nov 30 08:38 2021 by Taxagent
	Commercial Vehicle or not (Preview) Hi, We have an employee with a Land Rover Defender as a company vehicle and I am trying to find out whether this is taxed on P11d as a commercial vehicle or not. i have found a list on HMRC website with Land Rovers but not a defender. Does anyone have any ideas where else I can look? Any help would be much ap...	Riel	2	1531	Fri Nov 26 09:38 2021 by Riel
	canceling a work contract (Preview) Hi, A new employee came to sign a work contract with his new employer. Before signing the contract, his employer regretted accepting the new worker and decided to cancel the contract. My question was: does the employer have any obligations to the employee, if the contract wasn't signed in the end? Ca...	mindy	5	1551	Sun Nov 21 20:51 2021 by Leger
	Strange balancing error (Preview) First of all my apologies, I haven't posted the fun page for quite a while as my weekends just seem to fly by. I'm away this weekend but will try to post something Sunday night/Monday morning. I have a copy of last years pl and balance sheet, which I have inputted into taxfiler but can't get the balance s...	Leger	2	1365	Sun Nov 21 20:38 2021 by Leger
	VAT Exempt Business Purchase Invoice Recording (Preview) Good evening, Im helping a new business whos sales are all VAT Exempt, therefore they cannot register for VAT (I think?) - my question is, how should I be recording their purchase invoices (in xero) should they all be entered as no VAT as none will ever be reclaimed, or should they be entered with the VAT...	BGreg	1	1642	Sat Oct 2 08:10 2021 by Artois
	Motor Expense - Allow or disallow? (Preview) Got an electrician chappy on my books who uses a car exclusively for work, a ford ranger bought new 5 years ago. In this set of accounts I have an invoice for LED headlights and tail lights which come to the best part of £800. I can't make up my mind whether this is just to make the car a bit more "posh" if that...	Leger	4	1564	Sun Sep 26 15:55 2021 by Leger
	Moving accounting year forward a quarter at at time (Preview) Hiya I've always found our accounting 'year' confusing. An accountant set it up decades ago to run from 1 May to 30 April. It means we're always a year or two behind, I'm sure you know what I mean? I wondered if I could move the 'year' forwards 3 months, a quarter, at a time. So after three years of 15 month...	Oly	6	1895	Mon Sep 20 14:54 2021 by Shamus
	VAT treatment of congestion or emission zone charges (Preview) Hi Everyone I look after a few road freight businesses and I have a question about congestion charges incurred by truck and van drivers. These are generally VAT exempt. However, in passing on the costs to the customers, I think a VAT registered driver ought to include VAT on whatever he or she has pai...	Mark99	2	2794	Fri Aug 27 10:00 2021 by Artois
	Pub Z report (Preview) Hi I've just taken on a pub as a new client and they have given me daily Z reports. (I haven't done bookkeeping for a pub before). The reports give me a breakdown of Draft, Bottles, Spirits etc (and food) as gross sales. There is then a breakdown of cash and credit card takings which the report shows as n...	Hamilton61	2	1566	Mon Aug 23 16:07 2021 by HelenF02
	Flat rate VAT (Preview) Good afternoon. My question is how to account for the difference between the standard VAT rate and the amount which pay to HMRC using a 9% flat rate? I suppose I need to increase the taxable income with the difference. And for the expenses - can I enter the gross amount using No VAT? So, for example, if I ha...	Alex Davidov	9	1869	Fri Aug 20 14:08 2021 by Leger
	VAT recovery for FE Training Providers (Preview) Hello We are an Apprenticeship Training Provider which is 99% funded by the ESFA. We are being absolutely hammered by VAT that we cannot recover because the supplies to learners we are making (we arent charging them, we are just delivering our ESFA (Government) contract, are outside scope. I have to...	LouiseR	2	1536	Tue Aug 3 18:18 2021 by Taxagent
	Duty Deferment for import VAT on Sage vat Brexit sage import vat (Preview) Hi everyone, I'm hoping those with Sage knowledge can assist here. My client has imported some goods from Vietnam. She has signed up for a Duty Deferment Account with HMRC and we have the first statement. I can find only information on Sage that mentions Postponed VAT accounting so not sure I am lookin...	AMajor	0	1942	Sun Jul 25 17:12 2021 by AMajor
	Posting Business Mileage Claims for a VAT registered company (Preview) Help!! I've been looking at how business mileage claims have been posted for a VAT registered company, and came across some notes which suggested we should be calculating the "Approved Amount" claimable, and when posting separating out the VAT element of the expense. So posting 2 lines for each tra...	getting_it_right	2	1745	Wed Jul 7 14:11 2021 by getting_it_right
	Vat on grant (Preview) Hi I wondered if anyone could help. Ive just had the annual audit and they raised an issue as Id put vat on a customer invoice for a grant. our local council had said it should have VAT on. Apparently we was misinformed. is it not their responsibility to tell me correctly or was it my responsibility to che...	Queenie	10	1517	Tue Jul 6 11:07 2021 by Leger
	Re-registering for Vat (Preview) Hi EveryoneI de-registered a (troublesome) client for Vat at 31/3/20 as he stopped the catering part of his business and was only providing chef services. Due to Covid he had to go back to catering after 6 months and has only just told me when handing the records over. To be honest, I didn't expect to s...	Kinbuck	5	1689	Sat Jun 26 15:24 2021 by Leger
	Balance Sheet incorrect (Preview) Hi all New client has a Ltd Co ''owning' two properties which they have asked me to do the accounts for, they done last years accounts themselves and the properties have been included on the balance sheet but there were no profits on rental, on taking over the accounts and looking into this further it t...	Artois	7	1942	Thu Jun 24 16:58 2021 by BudgetB
	Do I need to amend tax return (Preview) Just doing a 20-21 tax return and realised I didn't depreciate a vehicle on the 19-20 return. Should I amend the tax return to match? Obviously there is no tax loss/gain in doing so. Secondly, is claiming capex if profit is below tax threshold voluntary for the same year. This year he's (just) over t...	Leger	2	1369	Thu Jun 24 09:59 2021 by Leger
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