Hi there, shenerchelebi. Welcome to QuickBooks Community, shenerchelebi. I'll ensure to share steps so you're able to record a CIS refund from HMRC. I suggest recording the refund as a bank deposit and allocate
Another popular scam is where fraudsters submit a refund claim to HMRC on your behalf, charging you a fee based on how much you get. Later, when HMRC discovers you weren’t owed a tax rebate, it will request immediate repayment, leaving you out of pocket because of the fee you’ve paid...
See HMRC updated VAT notice 723A for more detailed guidance. How to claim a refund under the 13th Directive process Full guidance on how to get refund under the 13th Directive process is divided in two categories: VAT refunds to non-EU businesses...
I was like to find out if I’m eligible for a P800 refund You may be eligible for a P800 refund if you've overpaid your tax during the tax year. HMRC sends a P800 calculation if you have paid too much tax and they owe you a refund. This typically applies if you are employed, re...
Now you know the basics of how to register for VAT. But during the process, you’ll be asked to identify what VAT accounting scheme you’ll use. The accounting scheme is how HMRC calculates whether you owe VAT, or get a refund.
Banks where you can’t pay in a cheque with your phone Here are some of the notable banks which don’t have this feature. If you can’t get to any of these banks to pay in a cheque, you can head to your Post Office and deposit it there. However, all they’ll do is post it ...
The balance between the two is crucial to balancing your books. AsHMRC summarises: “If you’ve charged more VAT than you’ve paid, you have to pay the difference to HMRC. If you’ve paid more VAT than you’ve charged, you can reclaim the difference from HMRC.” ...
Final Note:There’s no need to memorise the UTR number for your transactions, as delays in fund transfers are uncommon. If your payment doesn’t reach its intended recipient, most banks will automatically refund the amount if it was debited. This gives you the flexibility to easily re-initiat...
This is where advance moves can help you when moving to Spain from UK or from any other country. Use the yellow buttons to get a quick quote and save yourself time and money on moving to Spain from the UK. Advance moves can also arrange storage for your effects during the removal proces...
As a small business owner, there are some effective tax rates you are required to pay to HMRC each year. The percentage of tax that you end up paying depends on your earnings, so it’s also impacted by the type of business that you operate. But do you know what the marginal tax rate...