Recent content by sosnazzy

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    Okay, this is a new one for me | VAT purchase | China, Germany & UK

    Hi all, I have a VAT-registered company here in the United Kingdom. I purchased an item on Amazon from a third-party seller. The item cost me £165.95. When it came to doing my bookkeeping I realised I didn't have an invoice for the purchase, so I contacted the seller for one. They sent me a...
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    VAT Return Box 4 - Reverse Charge when on Flat Rate Scheme

    Hi all, Looking for clarity because Google is throwing a whole host of different answers for this one. Google invoice from Ireland and charge VAT under the reverse charge scheme. Let's say they invoice me for £100.00 (with VAT at 0%). Do I enter £20 in Box 2 and also £20 in Box 4...
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    Help with VAT & Exporting Outside EU

    Hello Scalloway and Graeme. Thank you for your replies. If I do decide to proceed with the order I will be taking a deposit equal to the amount of VAT payable, should something go awry. Can I ask for one more clarification on this? If the customer is based in the UK and pays with a UK bank...
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    Help with VAT & Exporting Outside EU

    Hello all, I am stumped. I predominantly sell only to UK customers at the moment. However I have been approached by a customer who wants to buy items for a company based in Uganda. Now under normal circumstances I would zero-rate the invoice and ship the goods to the destination. However...
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    Return Postage Laws

    Thank you all so much, you've been very helpful. :)
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    Return Postage Laws

    Hello Raw Rob and ecoleman, Thank you for your replies. That helps back up what I've read since in the OFT's "A guide for businesses on distance selling" booklet. On paragraph 3.49 it states, If you provided additional services such as gift wrapping or express delivery that a consumer...
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    Return Postage Laws

    If you offer free postage along side other postage options, and the buyer chooses an option that is not free, do you have to refund the postage by law For example there is an item for £2.99 on a website with free delivery. At checkout I decide to upgrade to the express service which costs an...
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    Turning Limited, Name Dilemma

    Hello MyAccountanyOnline and zigojacko, Thank you both for your replies. I will certainly go and look into that now as it may be a solution to how I sell my stock, i.e; have one trading name just for bakeware and another for everything else, perhaps.
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    Turning Limited, Name Dilemma

    Hello, It is my intention to become a Limited company in April and also be registered for vat. However I have an issue over the company name that I want to incorporate. I currently run a business called - let's say - 'ABC'. This is currently a partnership. I sell all sorts of products but...
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    PAYE or Self-Employed?

    Hi all, My friend is currently self-employed and runs a business whereby he hires out his computer expertise. His main client has offered him a full time job where he'll technically be an employee of that company. He'll be paid about the same amount that he currently invoices them for...
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    Filing Vat Return on FRS - Box 8

    I've already read that guide, I just wanted clarification from the experts on this forum. So if I sell a £10 item to someone in France, I have to put £10 into Box 8 on the Vat Return? Is it only EU countries or every other country in the world?
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    Filing Vat Return on FRS - Box 8

    We're using the Vat Flat Rate Scheme (6.5%). On the vat return form we've come to Box 8 (Total value of goods you supplied to other EU countries). We sell stuff on eBay and in the vat period we've sold a few things to countries like Rep. Ireland, France etc. But also non-EU countries like...
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    A (seemingly) simply Vat Return question?

    Hello all, On the Flat Rate scheme, I understand that you don't claim back vat on purchases. For the purposes of this question, I'll use an example. Let's say I purchase a item. It cost £100 + 20% vat, which means I paid £120 in total. In Box 4 on the Vat Return, I understand that...
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    2 important vat questions

    Thank you David :) A very concise answer - exactly what I was looking for.
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    Business Book-keeping ~ Expenses Columns on a spreadsheet

    Thank you for your reply. We are a small ecommerce site selling anything from clothes to homeware. Are there any accounting software programs that you'd recommend us looking at? At my old place of business they used to have a Sage package but they had to pay annual fees to keep it...
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