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

Gregory · Gregory

Hello everybody! From what I've learnt online so far, any UK Director of a Limited Company MUST file tax returns even if there is no salary paid for the job. BTW, as far as I know, UK law doesn't require that in a first place (i.e., that a certain compensation MUST be paid to a Director for his duties) - corr...

Leger · Leger

This has landed in my inbox this morning. Organised by Brightpay but you don't have to use their software to attend. Don't know about anyone else but I still haven't got my head round it, so I've registered. EDIT: And it helps if you post the link. https://register.gotowebinar.com/register/5...

KJL · KJL

Hi - I am new to the book keeping role in the company. Due to submitting an EYU the company has incurred late payment interest (small amount). Not entirely sure nominal code to use Sage 50 accounts to record this small bank payment. Would appreciate any guidance.

A

Hello, I've recently taken over new client's payroll. The month April payroll has been run and submitted by someone else externally and I've taken over form May. With limited information I had form previous payroll company I had to set up all employees from the scratch in new payroll software. I've d...

Cheshire · Cheshire

For anyone living under a rick - the new rules are out for both schemes today.

Riel · Riel

Hi All, We have several employees on furlough, now one person wants to take some holiday. Do I do one submission with the remaining employees for the full month and then another one for the employee who wants the holiday as they can't be furloughed for the holiday period. thanks for any help you can gi...

Artois · Artois

Morning all I was thinking of employing my Daughter for a few hours each week just to help out with some admin tasks and data input but my payroll knowledge is pretty basic and I try to avoid it if I can, so just wanted to run this passed you guys to get your thoughts. Situation is that she is 16 and has her N/I...

Bookkeeper123 · Bookkeeper123

Hi everyone just a quick question do you need to send an Employer Payment Summary (EPS) after the previous tax month end date if you're client is a sole trader but has suffered CIS Deductions from their contractor? I send a CIS return for the subcontractors and I send FPS's each month on the payroll date...

Jpeterson85 · Jpeterson85

We are using the VAT margin scheme for memorabilia (second hand goods) we buy and sell. My question is what we can consider as part of the VAT margin scheme? For example, we purchase an autograph for £100.00. Before selling, we frame the item by our framing supplier at a cost of £50.00. When calculatin...

retsub35 · retsub35

Hi all, I am carrying out some bookkeeping work for a building company and have this scenario: One of their customers is having an extension that involves diverting the public sewer. Southern Water have charged my client a performance deposit that is non vatable. My client now needs to charge the cus...

Artois · Artois

Afternoon all Since Taxfiler were bought by Iris I was put on their new solo package of up to 30 clients but because I had already signed up with them they allowed me to continue passed the 30 until I reach 50 which I am very close too now, does anyone know what the process is? do I just carry on passed the 50 a...

Leger · Leger

For self employed clients I usually do their year from 1st April - 31st March unless they are subbies, but for one client I have tended to do year 6th April - 5th April, primarily because there are pensions, savings and share divi's and it just seemed easier at the time. However is there any reason why I co...

Rachel19 · Rachel19

Hi everyone, I've just completed the first set of accounts for a new client who has 2 Ltd companies. He is the sole shareholder and director of both and was advised to set them up separately, but I think I'm missing something as I'm not sure why! Both companies operate out of the same double unit and are pr...

Cheshire · Cheshire

Hi All Epic fail finding this - think my head is about to explode. Anyone know what an HMRC form CA5478 is/what its for/what it looks it? TIA

pbr · pbr

Hi, I have a client which has been advised by his accountant, that he can have monthly salary below NI contribution and other benefits, but after entering all details in payroll software its showing 0.00 on salary summary statement, and no data on FPS?

Jpeterson85 · Jpeterson85

We sell experience packages (things such as sports events, hospitality packages, spa days, super car driving, hotel night stays). The purchaser is given an experience voucher which is redeemable with 12 months validity). The voucher can be exchanged for another one of our experience packages of...

Jpeterson85 · Jpeterson85

We are using the VAT margin scheme for the second hand products we buy and sell. We pay VAT on the difference between the buy price and sell price at 16.67%. We are trying to get a better understand on how the postage fees should be accounted for. If we purchase an item for £10 + £2 postage and packaging,...

Cheshire · Cheshire

https://www.accountingweb.co.uk/any-answers/are-sage-payroll-cjrs-module-calc...

Cheshire · Cheshire

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/f...

Artois · Artois

Hi all Trying to do a claim for a client but keeps coming back as 'you are not eligible to make a claim for CJRS' where as he should be, payroll set up for over a year ago! Anyone else had this? Cheers

Topic		Started By	Replies	Views	Last Post
	UK tax returns to HMRC for a foreign non-resident Director of a Limited Company (Preview) Hello everybody! From what I've learnt online so far, any UK Director of a Limited Company MUST file tax returns even if there is no salary paid for the job. BTW, as far as I know, UK law doesn't require that in a first place (i.e., that a certain compensation MUST be paid to a Director for his duties) - corr...	Gregory	6	1916	Mon Jul 13 14:34 2020 by Leger
	Flexible Furlough Free Webinar (Preview) This has landed in my inbox this morning. Organised by Brightpay but you don't have to use their software to attend. Don't know about anyone else but I still haven't got my head round it, so I've registered. EDIT: And it helps if you post the link. https://register.gotowebinar.com/register/5...	Leger	1	1556	Sat Jul 11 12:46 2020 by Artois
	HMRC Late Payment Interest (Preview) Hi - I am new to the book keeping role in the company. Due to submitting an EYU the company has incurred late payment interest (small amount). Not entirely sure nominal code to use Sage 50 accounts to record this small bank payment. Would appreciate any guidance.	KJL	8	2463	Mon Jul 6 19:45 2020 by Casu
	Payroll transferred to new software - duplicate payroll submitted (Preview) Hello, I've recently taken over new client's payroll. The month April payroll has been run and submitted by someone else externally and I've taken over form May. With limited information I had form previous payroll company I had to set up all employees from the scratch in new payroll software. I've d...	A	2	1891	Fri Jun 19 21:03 2020 by A
	New rules - SEISS and CJRS (Preview) For anyone living under a rick - the new rules are out for both schemes today.	Cheshire	3	1807	Fri Jun 19 16:05 2020 by Artois
	CJRS (Preview) Hi All, We have several employees on furlough, now one person wants to take some holiday. Do I do one submission with the remaining employees for the full month and then another one for the employee who wants the holiday as they can't be furloughed for the holiday period. thanks for any help you can gi...	Riel	6	1754	Fri Jun 19 09:25 2020 by Leger
	Employing my Daughter (Preview) Morning all I was thinking of employing my Daughter for a few hours each week just to help out with some admin tasks and data input but my payroll knowledge is pretty basic and I try to avoid it if I can, so just wanted to run this passed you guys to get your thoughts. Situation is that she is 16 and has her N/I...	Artois	3	1186	Sat Jun 13 08:02 2020 by Artois
	EPS for CIS Deductions for sole trader (Preview) Hi everyone just a quick question do you need to send an Employer Payment Summary (EPS) after the previous tax month end date if you're client is a sole trader but has suffered CIS Deductions from their contractor? I send a CIS return for the subcontractors and I send FPS's each month on the payroll date...	Bookkeeper123	2	1306	Wed Jun 10 17:22 2020 by Casu
	VAT Margin Scheme (Preview) We are using the VAT margin scheme for memorabilia (second hand goods) we buy and sell. My question is what we can consider as part of the VAT margin scheme? For example, we purchase an autograph for £100.00. Before selling, we frame the item by our framing supplier at a cost of £50.00. When calculatin...	Jpeterson85	13	1634	Tue Jun 9 18:36 2020 by Cheshire
	Charging VAT (Preview) Hi all, I am carrying out some bookkeeping work for a building company and have this scenario: One of their customers is having an extension that involves diverting the public sewer. Southern Water have charged my client a performance deposit that is non vatable. My client now needs to charge the cus...	retsub35	11	1598	Tue Jun 9 12:50 2020 by Cheshire
	Taxfiler Clients (Preview) Afternoon all Since Taxfiler were bought by Iris I was put on their new solo package of up to 30 clients but because I had already signed up with them they allowed me to continue passed the 30 until I reach 50 which I am very close too now, does anyone know what the process is? do I just carry on passed the 50 a...	Artois	2	1045	Sat May 30 08:58 2020 by Artois
	Accounting year (Preview) For self employed clients I usually do their year from 1st April - 31st March unless they are subbies, but for one client I have tended to do year 6th April - 5th April, primarily because there are pensions, savings and share divi's and it just seemed easier at the time. However is there any reason why I co...	Leger	15	2125	Wed May 27 11:20 2020 by Cheshire
	Client with 2 companies - garage/MOT (Preview) Hi everyone, I've just completed the first set of accounts for a new client who has 2 Ltd companies. He is the sole shareholder and director of both and was advised to set them up separately, but I think I'm missing something as I'm not sure why! Both companies operate out of the same double unit and are pr...	Rachel19	6	1122	Wed May 27 11:16 2020 by Rachel19
	HMRC form query (Preview) Hi All Epic fail finding this - think my head is about to explode. Anyone know what an HMRC form CA5478 is/what its for/what it looks it? TIA	Cheshire	12	2245	Wed May 27 10:40 2020 by Rachel19
	payroll (Preview) Hi, I have a client which has been advised by his accountant, that he can have monthly salary below NI contribution and other benefits, but after entering all details in payroll software its showing 0.00 on salary summary statement, and no data on FPS?	pbr	10	1385	Sat May 23 08:43 2020 by Casu
	VAT on Single-purpose vouchers / Multi-purpose vouchers (Preview) We sell experience packages (things such as sports events, hospitality packages, spa days, super car driving, hotel night stays). The purchaser is given an experience voucher which is redeemable with 12 months validity). The voucher can be exchanged for another one of our experience packages of...	Jpeterson85	3	1213	Tue May 19 15:34 2020 by Casu
	VAT Margin Scheme and postage costs (Preview) We are using the VAT margin scheme for the second hand products we buy and sell. We pay VAT on the difference between the buy price and sell price at 16.67%. We are trying to get a better understand on how the postage fees should be accounted for. If we purchase an item for £10 + £2 postage and packaging,...	Jpeterson85	1	1143	Wed May 6 22:27 2020 by Cheshire
	Anyone with Sage payroll? Note re furlough calcs (Preview) https://www.accountingweb.co.uk/any-answers/are-sage-payroll-cjrs-module-calc...	Cheshire	0	1259	Wed May 6 10:30 2020 by Cheshire
	No rest for the wicked. Rules out (Preview) https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/f...	Cheshire	4	1283	Mon May 4 12:33 2020 by Cheshire
	Not eligible for CJRS (Preview) Hi all Trying to do a claim for a client but keeps coming back as 'you are not eligible to make a claim for CJRS' where as he should be, payroll set up for over a year ago! Anyone else had this? Cheers	Artois	16	2119	Fri May 1 13:31 2020 by Artois
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