Moneysoft - AccountingWEB
WEBPayroll Manager is a comprehensive, easy to use, HMRC recognised for 2019-20 RTI compliant payroll software package used by thousands of SME’s, agents, accountants and CIS Contractors across the UK. In the first 6 months of the tax year 2018-19, more than 1.5 million RTI submissions were successfully filed through our software.Features to support Automatic Enrolment of
The agent services account: What you need to know
WEBFeb 5, 2019 · An agent services account allows tax agents to access certain HMRC online services, including the Making Tax Digital VAT and income tax pilots, and also gives agents the ability to communicate with HMRC directly through software. At present, agents can only use the agent services account for a limited number of new online services from HMRC ...
Property valuations under FRS 102 - AccountingWEB
WEBJun 17, 2019 · Owner-occupied property is accounted for under FRS 102, Section 17. Section 17 allows an entity to use the revaluation model for assets, but where the entity does apply the revaluation model to an asset it must revalue all assets within that asset class. The entity cannot just revalue those assets …
Latest Accounting News from the UK's Leading Accounting …
WEB2 days ago · Advertisement. Making Tax Digital (MTD) is a UK government initiative to digitise the tax system. April 2022 saw the extension of MTD for VAT and April 2026 will see the implementation of MTD for income tax self assessment (MTD for ITSA) for landlords or the self-employed with turnover of at least £50,000. Justin Bryant. 25th Sep 2024. 6 …
Any Answers - AccountingWEB
WEBThe director of a Tiktok shop which sells trading cards, hosts numerous live videos. Asked by. [email protected]. 03rd Oct 2024 10:21. Tax. 0. 35. 2277.
When does the 5% VAT rate on building works apply?
WEBJun 17, 2019 · The 5% rate applies to building services and related materials supplied by the building contractor but not to separately purchased building materials, for example, purchases from builders’ merchants. The different categories of work have different rules and requirements for the application of the 5% VAT rate, and the supplier will need to ...
Exempt and Outside the scope of VAT differences
WEB09th May 2010 11:29. Out of Scope or Exempt. Out of scope - nothing to do with VAT at all (eg. payroll transactions, internal bookkeeping journals etc...) Exempt supply - means that businesses supplying exempt goods/services cannot claim back the input (purchase) VAT relating to that supply. If you are purchasing exempt supplies, you will have ...
Business meal as meeting not entertainment - AccountingWEB
WEB15th Feb 2011 14:16. HWB's Tax Manager Alan Rolfe answers ... Briefly, the cost of business meals that facilitate work (such as an on-site working meeting where lunch is provided) will be an allowable deduction for tax purposes, while pure entertainment (such as taking customers to the races) will not be allowable.
Examples of amended accounts | AccountingWEB
WEBJun 30, 2022 · Amended or corrected accounts must be for the same period as the original accounts. If you’re sending amended accounts on paper. You must clearly say in your new accounts that they: replace the original accounts. are now the statutory accounts. are prepared as they were at the date of the original accounts. Write “amended” on the front so ...
Accounting for hire purchase & interest | AccountingWEB
WEBOct 28, 2018 · Bookkeeping for my husbands business. DR Plant (fixed asset) 82250 + 200 (option to purchase) DR VAT 16450 + 40 (option to purchase) DR Document fee 200. CR HP Loan (long term liab) 74465 + 17581.20 interest. …