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I am a solicitor considering acting as a consultant for a
I am a solicitor considering acting as a consultant for a law firm. The law firm provides insurance and admin support and bills the clients that I have found for work done. I then invoice the law firm… read more
bigduckontax
bigduckontax
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Madam My question is about VAT. I have a client who invoiced
Dear Sir/Madam My question is about VAT. I have a client who invoiced a customer for £15,000 + VAT. However, because of a dispute, the customer is only paying the net amount, not the VAT. My client ca… read more
bigduckontax
bigduckontax
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I'm filling out my company abbreviated accounts and
HiI'm filling out my company abbreviated accounts and I'm having some issues. I have a tech consultancy. From the company I have paid myself a small salary. I have also had to outsource some of the wo… read more
bigduckontax
bigduckontax
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Partnership with my wife and son. I have just ticked the 'cash
Partnership with my wife and son. I have just ticked the 'cash basis' box and been advised by my software that my turnover is above the £79k limit. My accounts year for 2014 is Jul12/Jun13 my profit i… read more
bigduckontax
bigduckontax
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Can a Company Share Flat Company use cash basis accounting
Can a Company Share Flat Company use cash basis accounting and if so can this be audited or would the auditor insist on an accrual basis accounting for the yearly financial report?… read more
TaxVince
TaxVince
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Dear XXXXX I have a client who has traded as a sole trader
Dear XXXXX I have a client who has traded as a sole trader for many years. In October 2012 he converted to a Ltd company. In December 15th 2012 he registered the company for VAT. I have an invoice fro… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
I operate my companys accounts on an accrual basis. A client
I operate my company's accounts on an accrual basis. A client has paid my company a sum of money (including VAT) in December 2012, a sum for which my company does not intend to invoice the client unti… read more
TaxVince
TaxVince
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Master's Degree
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Hi, We are a UK based company trading from 1 year. Unfortunately
Hi, We are a UK based company trading from 1 year. Unfortunately we had our VAT number printed wrong on our invoices and have been giving to the customers. However, since there has been no complaint s… read more
TaxVince
TaxVince
Accountant
Master's Degree
975 satisfied customers
Dear XXXXX, I am doing the VAT for a client who has provided
Dear XXXXX, I am doing the VAT for a client who has provided me with some receipts and barclaycard statements. Some of the entries on the statements have no matching invoice. The statements clearly sh… read more
Sam
Sam
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Higher Officer HMRC
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To Sam PathakDear XXXXX I have a question about the treatment
To Sam Pathak Dear XXXXX I have a question about the treatment of VAT outstanding on the balance sheet. When I prepare accounts for businesses that are registered for VAT and the client prepares there… read more
Sam Pathak
Sam Pathak
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I am a freelance translator and have been self employed for
I am a freelance translator and have been self employed for 7 years. In the past I used an accountant who has always calculated my sales from my receipts not using my invoices. I am not a cash busines… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Are VAT refunds taxable? Both for reclaiming prior expenses
Are VAT refunds taxable? Both for reclaiming prior expenses before registering and in the normal course of trading… read more
Tony Tax
Tony Tax
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High School or GED
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Mark, can I just clarify please.... when completing a
Mark, can I just clarify please.... when completing a set of account you prepare them using accruals and prepayments when you do a self employed income and expense for tax purposes you include the exp… read more
mark25551
mark25551
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An electrical contractor client begun work on a big job 2 months
An electrical contractor client begun work on a big job 2 months ago and is inovoicing the job in sections as it progresses.At the time of starting the work he was not Vat registered and did not there… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
I file VAT returns quarterly. If I invoice a client in one
I file VAT returns quarterly. If I invoice a client in one quarter, and that client pays me in the following quarter, in which quarter to I pay the VAT for that invoice to the HMRC? Do I pay it in the… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
I have a question, a UK limited company on the Normal VAT Accouting
I have a question, a UK limited company on the Normal VAT Accouting Scheme, if a supplier sends an invoice with VAT added, the company can reclaim the VAT amount as long as either the invoice is paid … read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
I have a question relating to VAT. I am starting a new construction
I have a question relating to VAT. I am starting a new construction company and am looking at when to register and how much i can invoice vat free. My client is prepared to pay the deposit to minimise… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
A bookkeeping client of mine carried out a barn conversion
A bookkeeping client of mine carried out a barn conversion between September 2004 and 2006 and invoiced at regular intervals between this time charging 17.5% vat. The barn was completed in September 2… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,760 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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