Solid Business Blog

Two companies owned by my client have an intercompany loan which has become partially unrecoverable due to a fall in value of the underlying investment property.  Both the loan and the investment property use fair value accounting under FRS102. For tax purposes,...

A client of a partnership has decided that a service provided by one of the partners is within IR35 and would therefore be subject to deductions for tax and national insurance via the client PAYE. They have advised the partnership they can no longer maintain the...

A couple both work for the same employer and are getting married.  The employer wishes to give them a wedding gift totalling around £300. How can this be reported to HMRC so there is no tax charge on the gift to either employee? There are several methods for benefits...

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...