Takes longer than 6 weeks :( My husband sent one mid March & still hasn't received refund or heard anything. The reply date on the where's my reply section of hmrc website keeps pushing out by 2 weeks everytime the expected date nears.
good luck I'd assume the VAT office changed it as that is when your client should have been registered from due to turnover level.
Hopefully they'll change it but they may not as it means they loose out on 2 months output VAT they believe due.
Below is a paragraph about late registration which also would make me think the chances of getting a Nov effective date might be slim but they might agree to Oct effective date.
Late registration
You must register within 30 days of your business turnover exceeding the threshold. If you register late, you must pay what you owe from when you should have registered.
but a tip isn't a service charge A tip is an uncalled for and spontaneous payment offered by a customer & outside the scope if VAT, also a tip is for & paid to the server personally not the restaurant & it is unlikely that they would be VAT registered.
A service charge is an amount added to the customer’s bill before it is presented to the customer.
There should only be VAT on mandatory service charges, if the bill says the charge is dicretionary e.g. you can choose not to pay it it is outside scope of VAT.
If you really want to be fussy - just like client entertaining they shouldn't even be counted as an allowable expense for tax (they don't meet the wholly and exclusively rule.)
Not meaning to be rude but a search on google (other search engines are available) of 'claiming VAT on tips' would have answered this for you, perhaps you could at least try finding answers for yourself & only post here if you are having real problems finding an answer.
Do you mean maternity allowance? Because you didnt meet criteria for maternity pay? Either way i don't think you can back date especially for a birth over 3 years ago.
Sorry Steve but I don't agree... Any accountancy course you go on (accounting technicians & professional levels) all say the same as the HMRC position if it was an employee doing any training either new/existing skills its allowable but if it a/the sole trader themselves brushing up on existing skills allowable new skills not allowable and is capital.
I competely see your point about how it could be seen as a S/T being employed by the business but they aren't they own the business & get the benefit of profits (if there is one), picking and choosing work to take on if they are fortunate, choosing when they work, an employee does not so they are not & should not be seen as the same.
My answers
Takes longer than 6 weeks :(
My husband sent one mid March & still hasn't received refund or heard anything. The reply date on the where's my reply section of hmrc website keeps pushing out by 2 weeks everytime the expected date nears.
It's a PITA
don't forget
you'll also have to pay any holidays accrued but not yet taken up until leave date at employees normal rate.
good luck
I'd assume the VAT office changed it as that is when your client should have been registered from due to turnover level.
Hopefully they'll change it but they may not as it means they loose out on 2 months output VAT they believe due.
Below is a paragraph about late registration which also would make me think the chances of getting a Nov effective date might be slim but they might agree to Oct effective date.
Late registration
You must register within 30 days of your business turnover exceeding the threshold. If you register late, you must pay what you owe from when you should have registered.
but a tip isn't a service charge
A tip is an uncalled for and spontaneous payment offered by a customer & outside the scope if VAT, also a tip is for & paid to the server personally not the restaurant & it is unlikely that they would be VAT registered.
A service charge is an amount added to the customer’s bill before it is presented to the customer.
There should only be VAT on mandatory service charges, if the bill says the charge is dicretionary e.g. you can choose not to pay it it is outside scope of VAT.
If you really want to be fussy - just like client entertaining they shouldn't even be counted as an allowable expense for tax (they don't meet the wholly and exclusively rule.)
Not meaning to be rude but a search on google (other search engines are available) of 'claiming VAT on tips' would have answered this for you, perhaps you could at least try finding answers for yourself & only post here if you are having real problems finding an answer.
Nope
Tips like this are outside the scope of VAT.
They are not part of the consideration for the meal i.e. you do not HAVE to pay them you CHOOSE to
Do you mean maternity allowance?
Because you didnt meet criteria for maternity pay? Either way i don't think you can back date especially for a birth over 3 years ago.
Sorry Steve but I don't agree...
Any accountancy course you go on (accounting technicians & professional levels) all say the same as the HMRC position if it was an employee doing any training either new/existing skills its allowable but if it a/the sole trader themselves brushing up on existing skills allowable new skills not allowable and is capital.
I competely see your point about how it could be seen as a S/T being employed by the business but they aren't they own the business & get the benefit of profits (if there is one), picking and choosing work to take on if they are fortunate, choosing when they work, an employee does not so they are not & should not be seen as the same.
I'm sure CIMA have similar rules to other bodies
You'll need a practicing certificate to order your services to the public
that is correct
.
you have mixed it up
Income = receipts
Expenses = payments
You have the expenses in the wrong way so your bank will never reconcile, please get some proper training on how to use the package