We're home to a fantastic community of MoneySavers but anyone can post. If you want to ask about changing your username, have login problems, have password problems or a technical issue please email forumteam moneysavingexpert. If you want to ask why a word can't be typed, your signature's been changed, or a post has been deleted see the Forum Rules.

Forbidden

If you don't find the answer you can ask forumteam moneysavingexpert. If you have any questions please read our Forum Rules and FAQs. If a forum post breaks our rules please click "report" on the post or email the post link to forumteam moneysavingexpert.

Skimlinks adds tracking to some, primarily retailers' links, to show they come from this forum.

For some retailers, instead of using Skimlinks to turn the link into a tracked link, we use affiliated links set up through other third parties. Then if it generates revenue from that, this site is paid. The links don't change the content, or what you see or track individual data? So we hope you choose to switch it on. See the full Skimlinks factsheet for more.

All the Forum's best tips go in MoneySavingExpert's weekly E-mail. Plus you'll get all the new guides, deals and loopholes. On my way to Denbigh School to talk to students and film a new free financial skills course that'll be available for the openuniversity. We think it's important you understand the strengths and limitations of the site. We're a journalistic website and aim to provide the best MoneySaving guides, tips, tools and techniques, but can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong.

Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code. Your browser isn't supported. It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. The MSE mobile menu not all pages are optimised yet. Welcome to the MSE Forums We're home to a fantastic community of MoneySavers but anyone can post.

How do I post?: Hi and welcome to MSE Forum!

We hope you enjoy using it to save lots of money. Login to MSE Forum x Use your username and password to Login to MSE Forum. Join the MSE Forum x Contribute to the MoneySavingExpert. I agree to abide by the Forum Rules. Get Martin's Free Weekly Money Tips email. Keep me logged in.

Login Login with Facebook. Don't have a Forum account? Join Here Start posting on MoneySavingExpert Forum in minutes. Have a Forum account? Search Post reply Subscribe to thread. VAT Returns for Dummies Hi everyone, sorry to post again but I really need some help.

Been searching online for answers but I really do need some explanation in laymans terms My OH has a business which became VAT registered on 1st July I am doing the vat return for him.

This is our first vat return. I logged into the online service to get a feel of it and find my way around it, it says I need to submit the return by the 7th November. From snippets I have read on here, I really need to submit it by 31st Oct at the latest so that they receive the payment by 7th nov?

Want to pay it by BACS. I really hope I am doing this right, I took our books by books I mean literally an 'input' book and an 'output' book to our accountant yesterday for him to have a glance at to see if I was doing anything obviously wrong. Turns out I just need to be a bit more detailed and have a column for gross as well as tax and net. We haven't visited our accountant for anything else as yet as he said he doesn't need to see our books until january from when we first started in july 09 up until july So in the Input book I have written in all the things we have purchased and paid vat on, so parts, tools, also any stock which doesn't get charged back out such as refuse sacks etc is it right to include those?

This is all seperated into July, August and September. Output book has everything we have charged to customers written in it. I have a few questions no doubt will think of more as Turn off call forwarding verizon blackberry bold go along Firstly how on earth do I do this?? Also this would include tools?

Business Link seems to imply that anything you are claiming fastest computer for stock trading before you were registered has to be claimed in the FIRST vat return - is this true?? So basically if we don't include it in this first return we've had it? How far back can we claim for tools etc?

I am also a bit confused about what to put in each box on the return Last edited by HannahIOW; at There are currently no thanks for this post. You need to include the VAT you have paid on all your purchases, not just parts for customers - everything which is used to run the business. If you include the VAT on the fuel with the other purchases, this will automatically be included. Yes, you can claim for items you bought in preparation for trading.

Users saying Thanks 1. I would suggest, without wishing to appear rude, that if you don't understand all these things then your accountant needs replacing if he is not interested in seeing you until January. If you are unsure if you are doing things correctly then now is the time to get it sorted, not let confusion build in the coming months.

Did you know that you can attend one day or half day courses free of charge at your regional imsforex office? We did these and found them very useful. Give them a call to see what they have on offer. Users saying Thanks 2. Everything you have bought inn the last 3 months should be included. Claiming vat back for fuel is the same as anything else provided you get Vat receipts each time you visit the petrol station.

If you want pm me and I will email you a simple form you can use although really your accountant should be helping with this if you don't know what to do. Are you using an accounts package to invoice your customers? There is usually a feature to help with vat calculations.

Also, if he is not asking for your books until Janthis is leaving it a bit late as your SA is due for filing by 31 Jan! He should be asking for your records now, so that your accounts can be done and you have time to ensure you have enough to pay your first tax bill on 31 Jan. If you are already registered for online VAT return submission and it looks like content currency trading for dummies download free arethen you have until 7th November to belajar analisa teknikal forex the VAT return and for payment to get to HMRC's bank.

So you can submit your VAT return anytime between now and 7th November. For payment, if you pay by BACS, that is usually 3 working days to clear so if you pay by BACS on Tues 2 November it'll get there on time. So in the Input book I have written in all the things we have purchased and paid vat on, so work from home jobs in ws nc for repairing customers cars, tools for repairing the cars, content currency trading for dummies download free any workshop stock which doesn't get charged back out such as refuse sacks etc is it right to include those?

Options strategies - Wikipedia

Sounds goos so far, that is, expenditure and sales broken down by quarters. The input tax on non-customer expenditure like black bags and telephones is often called "overheads" and yes, you can reclaim the VAT on these items as they are all part of the business.

Fuel used in a van. This can be done by reviewing the vehicle use over say a month and noting the private mile v business mileage.

I have read on Business Link website we can claim vat from things purchased before being vat registered. Also this would include workshop tools? You can also reclaim input cara membaca forex factory dalam bahasa indonesia relating to service legals, marketing, etc 6 months prior to your registration date.

So basically if we don't include it in this I am also a bit confused about what to put in each box on the return As the business is a garage, some of the invoices to customers include and 3x etf trading strategies. These can not have vat charged on them, so is this going to make our vat amount look a bit odd to the tax man when I submit it?

We don't do our MOTs on site at the moment so have to pay somebody else to do them. So we aren't paying vat on them either, but we are paying for them Last edited by JasonLVC; at 3: Anger ruins joy, it steals the goodness of my mind. Forces me to say terrible things. Overcoming anger brings peace of mind, a mind without regret.

If I overcome anger, I will be delightful and loved by everyone. Sorry about the abrubt ending, I had to take a very urgent call and didn't want what I'd already typed to go astray, so submitted my earlier post but hadn;t finished answering the questions.

Thjis will lead to a big reclaim of VAT on the 1st return and it will be verified by HMRC but they verify all 1st returns anyway so nothing to be worried about. Thereafter, VAT returns will most likely be you owing them money. There is a view that you can reclaim pre-reg input tax on your subsequent VAT returns, but if you did this, the reclaim would be taking in the wrong VAT period ie, a later VAT period and so you would lilely have to disclose this late reclaim to HMRC via a VAT form and only draws needless attention to you, so its best if you can scoop up all that input VAT now, rather than later.

As to what to put in each box: Box 6 value of your sales excluding VATBox 7 value of your purchases excluding VATBoxes 8 and 9 leave blank. Last edited by JasonLVC; at 2: Thanks for all the helpful replies so far.

This will lead to a big reclaim of VAT on the 1st return and it will be verified by HMRC but they verify all 1st returns anyway so nothing to be worried about.

Yes that does seem to be cutting it a bit fine! Sounds best that we claim it all now then really, better hunt out those receipts etc.

Thanks for the bit about what to put in each box, that has helped a lot. We are going to change our accountant, really don't like the one we were going with not to mention the fact they both look like members of the undead.

The time now is Sign up for MoneySaving Emails. FAQs Privacy policy Past emails Unsubscribe. Forum Message Forum team message goes here Message history. Welcome to our new Forum! Our aim is to save you money quickly and easily. We hope you like it! Forum Team Contact us.

Live Stats 1, Posts Today 8, Users online. Popular on MSE 1: Here's where supermarkets hide bargains 2: Reclaim PPI for free 3: MSE's Money Tips latest weekly email 4: Premium Bonds prizes cut - still worth it? Top savings accounts - up to 2. Martin's Twitter RT heresd: How this site works We think it's important you understand the strengths and limitations of the site.

This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. We don't AS a general policy investigate the solvency of companies mentioned how likely they are to go bustbut there is a risk any company can struggle and it's rarely made public until it's too late see the section 75 guide for protection tips.

We often link to other websites, but we can't be responsible for their content. Always remember anyone can post on the MSE forums, so it can be very different from our opinion.

More tools from MoneySavingExpert Budget Planner Free tool to analyse your finances and scrutinise spending. Premium Bonds Calc Unique tool uses probability to estimate winnings. EBay Local Deals Mapper Find cheap pick-up only items near you - they often attract fewer bids MobileValuer. It compares who pays the most. CallChecker Find the cheapest calls for any country and for calling mobiles TravelMoneyMax.

About the Site MSE's Editorial Code Site's Funding Sitemap Jobs Accessibility Email FAQs Site FAQs Forum Rules New to Forum?

Martin Lewis is a registered trade mark belonging to Martin S Lewis.