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  1. Thread: VAT

    by Newbie Simon
    Replies
    8
    Views
    945

    Yes it looks like its a simplified VAT invoice,...

    Yes it looks like its a simplified VAT invoice, can I still claim back VAT on this?
  2. Thread: VAT

    by Newbie Simon
    Replies
    8
    Views
    945

    VAT

    I have a small limited company on the standard VAT scheme, can I still claim back VAT if no breakdown is shown on the receipt and just their VAT number is shown?
  3. Replies
    19
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    2,312

    So what are the most tax efficient salaries to...

    So what are the most tax efficient salaries to pay myself and my secretary/admin ?

    If I increased my salary would this increase my take home pay? I would be paying income tax and NI but then I...
  4. Replies
    13
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    1,502

    No I didn't I don't think they would know if I...

    No I didn't I don't think they would know if I said TheFaQQer !
  5. Replies
    13
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    1,502

    Looks like I will go with In touch spoke to them...

    Looks like I will go with In touch spoke to them and they will give me 2 months free :)
  6. Replies
    13
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    1,502

    Changing accountants

    I've narrowed it down to In-touch or Nixon Willams any experiences with them would be helpful.
  7. Replies
    8
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    1,527

    Changing accountants

    Anyone use or can recommend one of these:-

    Champion Contractors
    Broome Affinity
    Nixon Williams
  8. Replies
    5
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    1,227

    Is my assumptions wrong then ?

    Is my assumptions wrong then ?
  9. Replies
    5
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    1,227

    Corporation tax and dividends

    £10600 personal tax allowance, zero tax
    £10601 to £31785 you pay 20% corporation tax + no dividends tax=20% tax
    £31786 upwards you pay 20% corporation tax + 25% dividends tax=45% tax

    Is this...
  10. Replies
    24
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    3,782

    Thanks TheFaQQer Hourly rate inclusive of...

    Thanks TheFaQQer

    Hourly rate inclusive of VAT:-

    £8.33+VAT=£10
    £10-£1.35-CT=£6.92

    Hourly rate exclusive of VAT:-

    £10+VAT=£12
  11. Replies
    24
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    3,782

    The agency has said it excludes VAT, they also...

    The agency has said it excludes VAT, they also take 10% so every £10 they make £1
  12. Replies
    24
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    3,782

    I am not sure my accountant is working my VAT...

    I am not sure my accountant is working my VAT return correctly.

    Let's say I earn £10 per hour and worked 1000 hours total banked would be £10000 (gross) VAT is £1666.67 and net £8333.33.
    ...
  13. Replies
    24
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    3,782

    Is there any free software out there?

    Is there any free software out there?
  14. Replies
    24
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    3,782

    Say I take home £100 a week I need to include VAT...

    Say I take home £100 a week I need to include VAT onto that so my earnings would be £83.34+£16.66 collected in VAT
    CT £16.66
    VAT on flat rate £15

    Left £68.34
    Thus Liability is Total £15 on...
  15. Replies
    24
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    3,782

    Limted company on flat rate scheme

    I have just paid my VAT return at 14.5%, my accountant has told me if I leave 15% in my account it will be more than enough to cover my taxes.
    I don't know how this is possible when I've just paid...
  16. Replies
    26
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    3,143

    Thanks for your replies :) I think I get it...

    Thanks for your replies :)

    I think I get it now :confused: the NW calculator is a bit misleading to me as the more expenses you enter the more take home pay you will receive but you have to pay...
  17. Replies
    26
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    3,143

    So the expenses are fully reclaimable thru a...

    So the expenses are fully reclaimable thru a limited company?

    Say I earn £50k a year and have £5k of expenses my take home pay would be 50000-5000-20%=36000+5000=approx. £41k ?
    and if I had 10k...
  18. Replies
    26
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    3,143

    NW take home pay calculator

    Can someone please explain to me why the more expenses you put in the more your take home pay will be?

    https://www.nixonwilliams.com/net_pay_calculator.asp
  19. Replies
    63
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    24,775

    Yes I will be a limited company on a flat rate...

    Yes I will be a limited company on a flat rate scheme, if I claim for train fares is this fully reclaimable or is it just tax relief?

    Are any expenses fully reclaimable working thru a limited...
  20. Replies
    63
    Views
    24,775

    Thanks for your replies. Say I earn 50k a year...

    Thanks for your replies.

    Say I earn 50k a year and spend say £30 on lunch per week (say 46 weeks) so that's £1380 my take home pay would be 50000-1380=48620-20% tax=£38896 assuming I have no other...
  21. Replies
    63
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    24,775

    The benchmark scale rates that apply from 6 April...

    The benchmark scale rates that apply from 6 April 2009 are as follows:

    Description

    Amount (up to)


    Breakfast rate £5
    One meal (5 hour) rate £5
    Two meal (10 hour) rate £10
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