Recent content by Tipzy

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    Office VOIP Telephone Options

    Hello! I currently run my small business from a virtual office address in London. Unfortunately, this does not come with a telephone line. My plan is to purchase a phone number tied to that area of London and then put that through one of the VOIP services such as https://www.vonage.co.uk/...
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    Self Assessment - Am I In Trouble?!

    Hi Alan, Thank you for your response, what a relief! I am also a director of a technology company and this was simply to supplement my income. I expect I will still need to advise HMRC of my current self-employment and begin paying all my due NI contributions. Just to clarify, the...
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    Self Assessment - Am I In Trouble?!

    Hello! I believe I registered for a UTR many years ago accidentally and never actually used it. Back in September 2016 I started working on a freelance basis for a company, working 2-3 days a week to supplement my income. I would invoice on a weekly basis and the company would pay the money...
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    When to charge VAT on services

    Thank you, just ensuring the VAT system works the same for services. All your help is greatly appreciated!
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    When to charge VAT on services

    Sorry I was not clear. I understand the 10% is charged on the rental income exc VAT, however am I expected to add VAT on top of my 10%? Is this standard procedure for companies charging fees?
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    When to charge VAT on services

    John, this makes pure sense. So to confirm, I am able to charge the VAT on the 10% fee? When VAT registered of course. The landlord would claim the VAT back on purchases?
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    When to charge VAT on services

    Thanks Newchodge. Yes, I am aware what VAT is, however there is some confusion. Landlord receives £4000 exc VAT; for example let's say we take a 10% fee £400 exc VAT, we will be required to pay VAT on this, £80 to be exact. The landlord receives VAT on the £4000 rent (£800) and does not pass on...
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    When to charge VAT on services

    This makes sense, can anyone else confirm? Since they charge the total rental income as well as VAT, they would have a surplus VAT amount once our % fee is taken? i.e. They take £4800 inc VAT and we charge £400, they would have £800 for VAT when they only have £3600 left from the original...
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    When to charge VAT on services

    If I register for VAT today and receive my details within 3 weeks am I able to backdate VAT payments, or do I simply lose the VAT on the previous deals? Thanks,
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    When to charge VAT on services

    Hi Newchodge, Our ltd company is not VAT registered, however this is something I feel we should do since we are charging clients and there is a good chance we will hit the threshold this financial year. I would rather charge now, rather than lose the money. Hi Scalloway, So it would be £480...
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    When to charge VAT on services

    Hi, I am currently running a business where we charge a % commission fee to landlords based on the rental fee of property rented to our clients. If we charge a 10% fee how would we charge the following client based on a 4 month rental agreement: Client 1: Charges £1000 per month exc VAT for...
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    Do I charge VAT?

    I run an online business and I am due to send out our first invoice to a client. Do we charge VAT or not? We are no where near the UK VAT threshold, but may go over it in the next few months. We are not VAT registered, so I am keen to know what we can do. If it makes us look larger I would...
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    Filing Company Accounts With No Income.

    Hi John, You are spot on, I used this solution and it worked via Companies House's online Web Filing portal. They give you a basic breakdown of what financial figures they need and you simply input them. Could not be easier. Thanks for everyone's input.
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    Filing Company Accounts With No Income.

    Hi Newchodge. No income whatsoever, just costs. Thanks.
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    Filing Company Accounts With No Income.

    Thank you both for your input. Apologies for the rather bad way this thread was put together. I think the key question wasn't how to put together the accounts, but if there was a way to do it faster if a business has had no significant transactions since incorporation and as of today. Thanks! :)
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