Recent content by katytaty

  1. K

    Bank closed business acount

    Hi At close of business last Friday, my husband and his business partner found their partnership account had been cleared of all funds. They eventually found the funds had all been transferred to their bounce bank loan account despite their standing order being paid on time etc. Call to bank...
  2. K

    partnership drawings/profit and covid business loan

    hi partnership of 2 started april 2020. covid loan received. partners drawing 50/50. Covid loan transferred into business account so some used as drawings. without the loan business would have made a loss. How to I show drawings and the profits as the loan acutally makes the business show a...
  3. K

    Repossession advice please

    Yes , we will do anyway!
  4. K

    Repossession advice please

    The solicitors letter advises they have been instructed to recover the 'above mentioned account' on behalf of XXX XXX Ltd. (Don't think I can say the actual finance company on this site) Just states this is the full outstanding balance due. Since the van was actually repossessed we haven't...
  5. K

    Repossession advice please

    Hi all Just after some advice as never had this happen before. Husband bought works van June 2021. Cost £9990. Part ex his old one for £2000 so balance of £7990. On finance, paid x1 payment (about £220) unfortunately had to be repossessed September 2021. Heard nothing at all until now when...
  6. K

    SEISS grants and vat

    Hi again any recommendations for an accountant based in morpeth area? apologies if not allowed to ask for this in advance
  7. K

    SEISS grants and vat

    Hi Just want to know if the self employed grants received, if they take your turnover over the VAT threshold do you register for VAT or, do you take the grant figures out to determine VAT threshold
  8. K

    VAT desperate please - best way forward

    thank you very much appreciate the help
  9. K

    VAT desperate please - best way forward

    have checked and we deregistered for VAT 14.12.2011 for the ltd company. I thought a ltd company was its own legal entity so would the £38k have 'died' when the company went under? We have been through the IVA process when the ltd company collapsed.
  10. K

    VAT desperate please - best way forward

    hi again Contacted HMRC who have advised to register for VAT from 1.12.2018. I have looked at registering for VAT when I log into his hmrc account but this is still showing a VAT account and VAT number from the ltd company which dissolved in 2011/2012. But, we deregistered for VAT. Do I apply...
  11. K

    VAT desperate please - best way forward

    The domestic customers he had, do i have to work out the vat on their bill or not? Can't go back to them now and ask for VAT payments.
  12. K

    VAT desperate please - best way forward

    The domestic customers he had, do i have to work out the vat on their bill or not? Can't go back to them now and ask for VAT payments.
  13. K

    VAT desperate please - best way forward

    Ok thanks, I will speak to HMRC and make sure register at the right date. I don't think we will qualify for flat rate scheme as the turnover for this year is already 138k and I think the limit is 150k?
  14. K

    VAT desperate please - best way forward

    Just clarify? He did not exceed threshold till Nov 18 so one member is advising vat not applicable til Jan 19. Another member is advising to keep going back month to month over 12 month rolling period to work out vat registration date. That would make registration date much further back than...
  15. K

    VAT desperate please - best way forward

    would we still qualify for the flat rate scheme? he was a sole trader back in 1998 then to a ltd company which went under in the recession. i will have to read up again on VAT rules, bit of a long time ago now!
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