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Ealier years CIS suffered in Moneysoft
(Preview)
Morning all I have a new Ltd Co client who I have just completed and submitted their end of year accounts, i have also submitted the i-form to claim a refund of the CIS suffered in the year 2019/2020, i have just received a reply from HMRC stating that not all the information has been submitted under RTI a...
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Artois
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5
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1722
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DRC
(Preview)
Hi All Just a reminder for anyone with clients within the construction industry that the Domestic Reverse Charge comes into operation on the 1st March, more fun to be had by all!
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Artois
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6
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1933
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Director's Loan Taxation
(Preview)
How will a loan of £1500 taken from the company (and not paid back withinn 9 months of YE) by the director be taxed?Does it need to be included as a Corporataion Tax payabale on the accounts on the year the loan was actually taken?Note: Director is also shareholder
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JohnSmith13
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3
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1411
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VAT on exam fees
(Preview)
I could do with some advice around VAT and exam fees.
I work at a private training provider - and it also acts as an exam centre, we get invoiced for all the exams that take place by the examination body, and learners pay the fee to us for their exam before sitting it.
How should this be treated from a VAT...
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Sheridan_W
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7
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19800
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Quickbooks VAT
(Preview)
Hi There Ive took on a new client, however, the vat hasnt been reconciled on Quickbooks since Jan 19! Im stuggling to find how to make it go back that far, I can change the month but not the year, so I can only make it go back as far as Feb 20 Cheers
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ChrisBolton
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2
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1708
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Error in VAT return
(Preview)
Newbie here with very basic knowledge of bookkeeping. I have noticed that in my December VAT return I had a accidentally applied the wrong rate of VAT to a purchase using Xero software. The item was Zero Rated but I applied EC Zero Rated so the value of the goods shows in Box 9 on the VAT return but should ha...
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klisterwright
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4
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1656
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FRS and VT
(Preview)
Hi all Just taken on new client and they are on the VAT FRS, I usually use VT+ to do the bookkeeping and submit the MTD returns, however I can not seem to find how to adopt the FRS on VT, does anyone else use VT for FRS? If so am i just being blind and cannot see the option. Any help appreciated as always Cheer...
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Artois
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6
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1628
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Postponed VAT help!
(Preview)
Hi All, I currently use sage 200 and am having trouble with a supplier invoice. We have postponed accounting set up, i received an invoice from our supplier in Italy for goods delivered to us. The invoice shows net value only. Our freight forwarder has cleared the goods and sent me the relevant docume...
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Lisamb80
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1
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1308
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Newbie here, Backdating VAT for new registration
(Preview)
hi, can anyone help? I have't been a bookkeeper for 5 years so very rustyI have just realised (Jan 2021) that I went over my VAT threshold April 2020 so have now registered for vat from 01/04/20.Do I have to charge VAT on all of my sales since then, or only those over £85,000, how do I work this out as I didn't...
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gerry
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3
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1686
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SA Deadline
(Preview)
I just received an email from HMRC saying that Self-Assessment customers will not receive a penalty as long as they file by 28th February, I am not going to tell my clients as I still have 9 to do even though 7 are just waiting to be signed off, but good news for anyone having to work extra hours to meet the 3...
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Artois
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5
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1544
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Dispensations for meals and mileage.
(Preview)
It's many years since I dealt with dispensations, and I'm aware that the rules changed in 2016/17 This relates to a Director with a trade. Q1. HMRC manual says has to spend more than 5 hours qualifying travel, but then later says away from normal place of work (in this case home) for 5 hours, so I'm a litt...
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Leger
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3
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1608
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Attachment of earnings
(Preview)
Hi all, I wonder if anyone can help please. When you work out the % to apply to the net pay of wages for the attachment of earnings deduction, do you have to take into account holiday pay as well? Or do you just base the % on the net pay for normal wages? Thank you in advance.
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Pink Panther
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2
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1358
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Looking for somebody to help me with VAT registration
(Preview)
I am from EU (one man band company) and I am developing and selling app. This is digital product. From what I heard after January 1st I need to register for VAT in UK even if my company is not UK but in EU if I sell digital products to UK customers.Could somebody recommend me some agency or advisor who could h...
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appdev
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2
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1386
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Foreign Dividends
(Preview)
Hi All Can anyone just confirm something for me please, a UK resident has foreign dividend income and this should be included on the UK tax return (above 2k), it is just that the firm that done this clients tax return last year told them it does not need to be included which has made me think i am going mad!...
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Artois
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7
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1549
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Mobile Phone Expenses
(Preview)
I always take an estimated guess on how much to allow for mobile phone charges. I have an Amazon delivery driver on my books and can't make up my mind, but somewhere between 25% and 50%. Obviously not many calls, but will be high data use. Thoughts?
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Leger
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3
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1488
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VAT Exception letter
(Preview)
Morning all One of my clients breached the VAT threshold due to the 12 month rolling period, this was due to a large one off payment of approximately 50k, if they had the spread the payments over a few months they would have been fine but did not consult me at the time so what is done is done, in the 9 months s...
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Artois
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5
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2128
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MY ALCOHOL (wine) BILL IS 172.26 including VAT - can anyone tell me what I have to divide it by to get the 22% of it?
(Preview)
MY ALCOHOL (wine) BILL IS 172.26 including VAT - can anyone tell me what I have to divide it by to get the 22% of it?
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ANGELAJ
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3
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1637
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Ebay fees
(Preview)
Hello Advice please on how to enter ebay fees into sage accounts, the fees include vat to be reclaimed.
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susani
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2
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1608
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New to Payroll
(Preview)
I am a book keeper (record keeper) for my husband and he has taken on a young helper part time paying him £100 a week. I looked on HMRC back in July and it said that due to the low level of his earnings, you do not have to register as an employer. I called HMRC and was told that as well. Apparently we just need t...
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kazzaw2009
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6
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1682
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HELP! Explaining VAT for D2C sales to EU customers
(Preview)
Hello! We have just moved from Clearbooks to XERO and I'm finding it really hard to know the correct way in XERO to explain/reconcile web-sales of goods (greetings cards/wrapping paper) we have made to customers in the EU, where we have charged them 20% VAT on goods (because they are end-users and not...
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Polly H
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3
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2360
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