1. Making Tax Digital – VAT Form 100 Datafile 2019 and above Making Tax Digital is a part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.  Every business now has access to their own personal... Read More
2. VAT Adjustments - VAT on Imported Goods VAT on Imported Goods When goods are purchased from a country outside the EU then import VAT may be applied. Typically, a separate invoice is supplied from the courier showing the amount of import duty and VAT due. Subject to the normal rules... Read More
3. Fuel Scale Charge Posting Fuel Scale Charge Posting If your company is registered for VAT, you can reclaim the VAT element of any expenditure on fuel provided by your company for use with company cars. This usage includes both private and business mileage. In return, HM R... Read More
4. VAT Adjustments - Post-Dated Purchase Invoices Post-Dated Purchase Invoices The Datafile Purchase Ledger allows posting to the current purchase ledger period and one future period. If you receive a purchase invoice for an earlier period that has now been closed, you can post that transaction... Read More
5. VAT Adjustments - Partial VAT Exemption Scheme Partial VAT Exemption Scheme (VAT Notice 706) A business is partially exempt if it makes, or intends to make, both taxable and exempt supplies and incurs tax on costs that relate to both.  If your business is partially exempt, then you may ... Read More
6. VAT Form 100 - Group VAT Registration Group VAT Registration The Cashbook VAT Form 100 reports its entries based on Nominal Ledger transactions. In a multi company environment where companies share the same VAT registration number, these need to be consolidated to submit the VAT ... Read More
7. Taxation Table Datafile Software Taxation Table The tax bands and rates which are required in this part of the payroll System Profiles must be correct in accordance with the latest details issued by your tax office. Every Spring Datafile Software sends cus... Read More
8. TAX – Global Changes of Account Code Datafile Software TAX – Global Changes of Account Code During the tax year – normally at the start and occasionally at week 7 – the HMRC uplifts employee tax codes. The normal global changes are applied by Datafile as part of the perio... Read More
9. Trans Cash Tax - Database Profiles Datafile Software Trans Cash Tax - Database Profiles Used for cash accounting purposes, where tax is payable only when invoices are paid. All three must be present in your files for this feature to function. Data Item Type Alternative Notes Tax ... Read More