Solid Business Blog
Business tips, success stories and more.
VQOTW: SELLING LAND WITH CIVIL ENGINEERING WORKS
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...
VQOTW: CHANGES TO THE RULES FOR MOVEMENTS OF GOODS
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...
HR EXPERT: JOB RETENTION BONUS
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...
TQOTW: STATUTORY SICK PAY (SSP) FOR A NEW STARTER
My client has an employee who started employment with them last week and is now sick, are they due payment of SSP? There are certain conditions that an individual must meet to be eligible for the payment of SSP as outlined in s152 SSCBA 1992 –...
HR EXPERT: POST FURLOUGH ADVICE
A client wants to know what their options are after the furlough scheme ends, for both furloughed staff and others. On 29th May 2020, the Chancellor, Rishi Sunak, confirmed that the furlough scheme would wind down over the next few months, ending on 31st October 2020....
HR EXPERT: NMW ’EMERGENCY BREAK’
A client is concerned about how they will cope financially next year with the annual National Minimum Wage increases. Is it likely that the Government will introduce further measures to help businesses meet the rising costs? Or are there any other updates regarding...
TQOTW: CLASS 1 NIC BILL FROM HMRC
My client has had a bill from HMRC for the Class 1 NIC (National Insurance Contributions) under deducted from their employee for the current and last 6 tax years. Can my client recover any of the primary (employee) Class 1 NIC from their employee? A limited recovery...
HR EXPERT: SEPTEMBER FURLOUGH CHANGES
A client is expecting that there will be changes to the Coronavirus Job Retention Scheme come September but is unsure exactly how this will impact their business. What are the changes coming in September, how much will the client be able to claim from the Government...
VQOTW: ENERGY SAVING MATERIALS
My client is an electrician and has a contract to supply and install an electric car charging point and solar panels with a battery to a residential property. What is the liability of each of these supplies?Where scaffolding has been hired for the purpose of...
CORONAVIRUS (COVID-19) SELF-EMPLOYMENT INCOME SUPPORT SCHEME
Self-Employment Income Support Scheme (SEISS) The scheme should be thought of as 2 separate grants available to the self-employed. The 1st grant covers the period March to May 2020 and this is worth 80% of your average monthly trading profits up to a cap of...
