Solid Business Blog

I have a sole trader client that has a loss-making company and qualifies for incorporation relief under TCGA 1992 S162. What happens to the losses on incorporation?  Under ITA 2007 S86 it may be possible that losses arising before the transfer may continue after...

My client has had a computation from HMRC for the CIS (Construction Industry Scheme) deductions they failed to deduct from payments made to a subcontractor for the current and last 6 tax years. What about the tax paid by the subcontractor on this income via Self...

1. Sales of goods to EU consumers/IOSS Sales of goods to EU consumers are now exports from mainland UK (GB) and can be zero-rated with proof of postage/shipment. There are separate rules for movements across the Irish land boundary or from Northern Ireland to...

My client supplies freight transport and associated services. They supply these services to customers that are in business and customers not in business.Are there any changes to the liability of their supplies following the end of the transition period for Brexit?...

My client has been in dispute regarding a road traffic accident between one of his company’s lorries, and another VAT registered business’ lorry. A small claims court has judged in favour of the third-party business, and has awarded them payment for damages, including...

My client specialises in bespoke joinery. He has worked on a lot of new houses but has now been asked to work on the renovation of an old country house that has been empty for many years. He will be supplying and fitting replacement sash windows, a staircase and also...

A client wants to know if they can calculate reference salary and salary hours. What do they have to keep in mind when making these calculations? Further guidance on the extended Job Retention Scheme (JRS) was recently released covering your client’s query. Your...

My client is a VAT registered builder who purchased bare land for £260,000 inclusive of VAT, with the intention to construct new dwellings and sell the freehold interest. He has incurred and recovered input tax on acquiring the land, professional fees, and planning...

I have two clients that are confused by the impending changes to the rules regarding movement of goods across the EU. One of my clients is a UK business, making distance sales of low value clothing to individuals within the EU. All goods are shipped from the UK, and...

A client has found that new guidance has been released on the Job Retention Bonus and would like to know more about it, please can you advise? Yes, more detailed guidance on the Government’s Job Retention Bonus was released on 2nd October 2020. The initial details...