Recent content by NewCourierSE

  1. NewCourierSE

    Flate Rate Scheme and European Transaction

    Lets say for example, we have gross sale of 12000£ and vat due based on 8.5% flat rate 1020 vat we also have EU purchases of 5000£ so our vat declaration should looks like 1. 1020 2. 1000 3. 2020 4. 1000 5. 1020 6. 12000 7. 5000 8. 0 9. 5000 Is that correct ?
  2. NewCourierSE

    Flate Rate Scheme and European Transaction

    Dear Guys, we calculate VAT due using flat rate scheme. Now we start to buy stock from outside UK - European Union (Poland). Our polish business partner will declare European Sale on VAT Return in Poland. We, as fas as I know dont need to declare on VAT Return nothing apart from gross sale and...
  3. NewCourierSE

    Flight to UK as business cost

    My wife is running sole director limited company as locum vet. She is polish citizen, resident in the UK. Is that possible to claim for tax purposes airplane tickets from Poland to UK ? Her accountant told that she can claim 50% from ticket. I think travel to Poland (return ticket) is like a...
  4. NewCourierSE

    Company with trading name

    I set up two Ltd companies both registered for VAT. One lets call Builder Ltd (building works) and another Painter Ltd (painting and decoration) I found very difficult to run business on two separate bank accounts and preparing two separate quarterly VAT returns. I think I found some solution...
  5. NewCourierSE

    Wording of minutes of a board meeting

    Dear Guys we have received from accountant Minutes to vote interim dividend Is that correct part of such doocument: An interim dividend of £10 per ordinary share (net) be voted in respect of the year ended 31/12/2017 due to the shareholders on the register at the close of business of 31/12/2017...
  6. NewCourierSE

    Employee asks accountant for P45

    There is no contact with previous employer only with accountancy firm and accountant required a payment from employee for issue p45
  7. NewCourierSE

    Employee asks accountant for P45

    Im a new employer and employee havent got P45 because of insolvency procedure of previous employer
  8. NewCourierSE

    Employee asks accountant for P45

    Is the accountant required to issue a p45 directly to employee of a company who is in arrears? Accountant hasnt received any payments from 3 months The situation is for a client who is starting the process of insolvency with BIG debts and it is extremely unlikely he will ever pay a lien. Is it...
  9. NewCourierSE

    Legal requirements for issue invoice

    Dear Guys, is there any legal requirement for issue invoice to the client. Can I calculate turnover only based on bank statement without invoicing ? We are limited company not registered for vat. Thanks for any help.
  10. NewCourierSE

    SSP - cant afford it

    We are employing 5 part time workers. One of them became ill and went to SSP. She started work 3 month ago and earn more than 113£ per week. The problem is that we cant afford to pay sick pay at statutory level (89£ a week). Is there any option to ask HMRC for advence payment in this situation ?
  11. NewCourierSE

    Home Office Expenses for Limited Company

    What about this guide found on network ? http://jf-financial.co.uk/2013/05/03/can-i-charge-my-company-rent/ Don’t forget that from a personal point of view you will be generating rental income – however as long as the actual costs of this are equal to the income then there is no taxable profit...
  12. NewCourierSE

    CIS online verification problem

    Dear Guys, is that possible to verify subcontractor before activation code for CIS online account (HMRC) has been delivered ?
  13. NewCourierSE

    VAT threshold calculation - what to include

    Hello Guys I am self employed doing building works and discovered that I might breach VAT threshold Do I need to include works for residential care home ? I have read that I dont need to charge vat on it. Thanks
  14. NewCourierSE

    Is annual membership should be acrrued ?

    Dear Guys, I thinking about accruals need to be done at the end of accounting period Is annual membership is one of that cost which should be accrued for tax purposes ? My accountant always puts it as one cost in full every year.
  15. NewCourierSE

    Royalties payment and tax witholding by Poland

    Hello Guys, my company (Ltd company) received payment for royalties in Poland on September 2016. Business partner from Poland deducted 5% from the amount of invoce I have been told by accountant that this amount should be taxed again in the UK at 4% rate. Is that correct ? I always thought that...
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