Recent content by jonathan2141

  1. J

    Quick Seiss question

    Can furloughed employees still work, but for other companies, and for themselves?
  2. J

    Quick Seiss question

    So doesn't that make 16/17 ineligible as it was under 50% of income that year?
  3. J

    Quick Seiss question

    Hi, quick quesion about my partners SEISS application if anyone has a minute, thanks in advance. She earned: 16/17 Employed income £20,000 Self employed -£200 17/18 Self employed £20,000 18/19 Self employed £20,000 HMRC have calculated: -200 + 20000 + 20000 = 39800 for the 3 years but...
  4. J

    Filling in VAT return with EU purchase, please help

    nice one, thanks
  5. J

    Filling in VAT return with EU purchase, please help

    Does that mean I add the total of box 2, to box 4, making it £900?
  6. J

    Filling in VAT return with EU purchase, please help

  7. J

    Filling in VAT return with EU purchase, please help

    Hi, I've never actually made EU purchases before for my business and i'm finding it hard to fill in the VAT return with these extra figures. Could someone please help me complete the boxes. These are just dummy amounts for the quarter: Payment I received for my work done: £10,000 - Net VAT...
  8. J

    VAT on fuel receipts

    Thanks a lot
  9. J

    VAT on fuel receipts

    If I file an expenses claim to a VAT registered company for fuel (this is all they are paying for the use of my car) and they pay me the full value of the receipt. Are they allowed to go ahead and claim back the VAT on that receipt? Thanks Jon
  10. J

    VAT Margin scheme

    Cheers buddy,
  11. J

    VAT Margin scheme

    Hang on I'm a bit confused. So margin scheme is optional, but only applies to initially buying from a non VAT registered member of public etc? But lets say a VAT reg company buys a new product and claims back the VAT. Then when they come to sell the product secondhand, they will charge VAT on...
  12. J

    VAT Margin scheme

    Oh ok, so basically any secondhand product is treated in this way then, and for the rest of it's life? How come I've been charged VAT by secondhand dealers before then?
  13. J

    VAT Margin scheme

    Ah great thanks for this. So the VAT registered purchaser will have an invoice that has no VAT itemised (from myself, a VAT registered Seller), just a gross total? How do they account for VAT on the purchase price?
  14. J

    VAT Margin scheme

    Hi, So if I buy secondhand from a Non VAT reg member of the public an item for £100 and sell it for £110, I pay HMRC VAT on the £10 profit? How would my VAT invoice look to the purchaser, who lets say, is also VAT registered? Exc VAT...? Inc VAT...? VAT...? VAT %...? Thanks Jon
  15. J

    VAT Margin scheme

    Hi, If I buy goods second hand from a member of the public who isn't VAT registered (so doesn't include VAT). When I sell the item, as a VAT registered sole trader: A) If I make a profit, do I only charge VAT on the profit? How would I display this on my receipt/invoice? B) If I make a...
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