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Flat Rate VAT on van lease for delivery driver

B
As a delivery driver I'm on the flat rate VAT scheme. I lease a van for a daily fee for business purposes only. It has a payload over 1 tonne and large payload area. My new accountant says only 50% of the daily lease fee counts towards determining whether i am classed as a Limited Cost Business and that/he has put me onto the 16.5% VAT rate for the last quarter. If i can include 100% of the van lease fee i pass both the 2% quarterly threshold AND the £1,000 annual threshold for "costs". Can anyone please clarify?
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Can an adult open a business bank in their name for a minor?

K
Hi.

I am 15 and I’ve been running an e-commerce/dropshipping business alongside a reselling business, but been paying all finances into my own personal bank.

Recently Halifax have caught on, and closed my account due to it being a personal account having business expenses paid in.

I have no clue on this, so I figured this would be the correct place to ask:

If I were to get an adult/guardian to open a business bank account in their name while I have complete control over the account, would this affect my businesses? Is it legal?

If it would affect my businesses, which factors would it affect? Would it affect the person names on the account? (paying more tax, etc.)

I thank you for all help in advance and hope to have an answer to this.
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Closing limited company linked to personal debit account - will it freeze account

Smah13
Hi everyone,

Before you judge me. Please note that im an idiot and i jumped into things hoping to make a better life.

I work in the railway and opened a limited company (CIS) in order to avoid going through umbrella. I stupidly linked the limited company to my personal debit account. After creating the company and receiving the UTR i received news that we aren't allowed to go through the CIS process and stay umbrella. Then when researching closure of a limited company i found that your bank account will also be frozen but it has to be a BUSINESS account. No trading was done at this time just regular pay slips through umbrella.

So my question was does anyone know if i close the limited company will my personal debit account be frozen? Its with santander.

Thank you.
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How should I price advertisements on my website?

Karl Green
I’m close to starting a travel-based social media platform and have decided to use my own advertising service instead of something like Google Adsense. What would be a good way to price advertising, and how much would be ideal for me to charge for ad space on my website?

I’ve decided to put a space for advertisements on the sidebar, as well as occasionally in between posts.
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Buisness phone line to mobile.

Lesley Taylor
Hi.
Wondering whether someone can help. I moved my business last March to a different location. My landline is virtual and diverts to a mobile as I have no office. However the landlines number has stopped diverting to the specific mobile number saying its out of use?
I can't find any ppw about the mobile number and the mobile number has been with me for 25 years so I'm now struggling to maintain communication with my customers....help what can i do
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Paying your child for work in the business.

R
This is not a tax dodge question; I've just set up a small business (limited company) currently only myself working in it. I'm looking at paying my 13 year old £10 a week for approx 1hour of cleaning instead of a self employed cleaner the going rate for an adult. I'm reluctant to go through all the admin of setting him up as an employee though for that tiny sum/ role. Can anyone advise on how best to go about it please? I feel sure there must be a way, similar to paper girls/boys. As I say, this is not about transferring money to my child's name for tax purposes just confering a slight advantage to us both.
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What would it take to get you to join an energy mailing list? Business/Domestic

NickGrogan
We run a few mailing lists, but we are potentially looking at something bigger.

If there was a mailing list that told you the best suppliers and when to renew your contract, what would it take for you to join?

Financial incentives - money off other services for example - what value would be enough? £50 for domestic/£500 for business? More?
SME Business information - tax tips, internet tips, etc
Home information - as above for domestic focus
Endorsement - Direct line or Martin Lewis says its good

Something else?

Are you signed up to any similar mailing lists? What made you sign up
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court order

S
A friend and i started a joinery labour only company We lasted 18 months The deal was i worked on site and he did any admin and worked when he was free So he was in charge of the account as TIDE only want one person to use the account
I gave him 8 months notice { accountant advised me to stay until our books went in }
I want to see our account transactions but TIDE will not let me see them and have advised me to get a court order
do i have to get a solicitor
my ex partner will not answer any emails etc
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Becoming a mortgage advisor

C
Hi, I am currently in very early stages of starting my CeMAP and I'm looking for some advice on a few topics.

I have a background in working in sales, I was an estate agent in London for many years, and am currently working in recruitment - but due to personal circumstances, and the potential of my role being made redundant I am looking in to my options. One of my parents was a mortgage advisor for around 20 years so aware of the basics, but this was a while ago now, so hoping for more up to date feedback!

I am mainly interested on what the best way to start in the industry is, I am looking for some flexibility with hours worked due to childcare - so ideally would like to be self employed, but from my research it seems like joining a mortgage network might be the best option? I can see that not all will take you on without direct experience, are there any that would that are recommended?

I am also fully aware, that it will take a while to become successful on my own, and wondered if networks let you have another role alongside?

Are there any other pro's and con's?

As I said, this is very early days so apologies if some of my questions are naïve! Thanks so much.
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BBL Nightmare (UK) Please, Please help!

U
Hello,

I’m completely new to this forum, and praying someone here can help advise, whether an IP or experienced individual.

I have a company, with near to zero assets (a broken old laptop). I work from home and run an online e-commerce business selling products.

2020 - legitimately took a BBL of £15,000, been trading years previously, met the turnover threshold, and it’s been used to buy stock which can be shown in bank statements. No personal guarantees!

Fast forward to 2025, there’s zero left in the bank. I’ve never missed a BBL payment, and the remaining amount Owed is £8k. The company has no other debts and I’m the only director.

I have no funds to liquidate, so I’ve notified the bank and they’ve shut down my account and said the recovery team will be in touch to try to recover the funds - which it can’t, as the company has no money or assets and has ceased trading. I also can’t afford to pay for accounts each year, so I’ve registered as dormant, so filing will be cheap.

What can actually happen, assuming no misconduct - literally the company sits there forever? How can I get this chapter of my life closed it’s killing me! Business debt line say strike off, it’s will be objected by bank but may go through eventually, other respective sources say this is illegal! Who do I listen to?

The only thing I may have dine wrong, is long after the BBL was spent on stock, and subsequent income came in - I used the revenue generated to pay myself a modest wage (£1000) per month, which was owed to me by the company from funds injected - still keeping up with the BBL payments the whole time?

Will I be disqualified? Will that mean when I remortgage my house I’ll lose it as can’t get a mortgage????

Freaking out! Please please help I’m on the brink of a breakdown!
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Has anyone used listmycompany.co.uk before? Are they legit?

SmartSites
Hi everyone, has anyone ever used listmycompany.co.uk before? Are they legit? They promise to list your company website in over 200 business directories which would be handy (even if it is just for backlinks - seo etc), but I wonder whether they'll keep pestering me with emails and phone calls to try and sell something. There doesn't seem to be an awful lot of information on their own website and there are no (good or bad) reviews for them on sites like trustpilot etc.

I'd appreciate any feedback or experience you've had with them or similar companies. Thanks!

Konrad
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FATCA and Crs Please help

K
Hi
I need some advice I got some email from old bank which was switched 2 year ago nearly, the reason is bank from my area is closed down, I’m resident in uk but my country is Italian my emails is please confirm you’re tax resident FATCA and crs self certificate, what is because my account is closed when I switched , I pay tax in uk and don’t pay any taxes in other countries. Everyone received this latter?? Send email from bank to send back latter form , Please can I get some advice
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I want to do work unrelated to my business during the 'low season'

1
I run a party entertainment (disco, chocolate fountain, cinema projector etc) and mobile Food Trailer business registered under GT Parties as a sole trader. I'm Very new to the self employment world, my trailers opening night is 14/02/25, but everything for my business has been done properly and is ready to go.
However, I've noticed that there will be a lack of work for my food trailer, which is predicted to be my biggest earner, during the winter months.
Ive worked as a handyman in the past, doing general maintenance and basic electrics such as installing/fixing sockets/ovens/lights etc as a competant person. My question is, am I able to do this type of work to fill in the gaps of my currently business, yet still keep it under GT Parties? Could I just call it another name, and have my earnings from this work go through my usual business account? And how would this affect my self-assessments?
Thanks, Nikki
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Starting up a Business as Sole Trader

W
Hi,

I am currently employed full time but have also just started a new business working evenings and weekends as a sports coach.

I am looking for various advice on the below questions to get my business as a sole trader set up properly.

At the moment I'm unsure how this new business venture is going to go re income etc.


1 - How do i go about registering my business name as a sole trader?

2- Do I need to register with HMRC now or wait till I know I will earn over £1000 in a tax year?

3- Is the £1000 limit for self employed after any expenses or is it just on total income?

4- I would like to open a seperate bank account for this business can I apply for a business account now or do I need to want till I have a few months trading to prove my business name etc?

5-As this is only a small business at the moment I would still need to keep a set of accounts does anyone have a google sheets template to run simple accounts?

Sorry for all the questions but justing wanting to get everything set up properly before I really get the business up and running to hopefully make it is easier in the long term.
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Business Breakdown

Boopbleep1
Hi,

I am hoping for some advice as I am feeling lost and unsure what to do.

A (once) friend and I own a Ltd company with 50/50 shares. Initially, we both invested a small amount of money but it was at a 35 / 65 split as I was saving for a house and he had spare cash.

We have been working together for around three years now and the company is not making profit but is about breaking even.

Initially, I built the majority of the website, designed the logo and had an initial client base which we have slightly expanded upon.
We both taught the class together, he does the finances and I do the majority of the admin. I expanded and added an additional class which I taught solely.

A while back I had an injury and major reconstructive surgery which meant I was unable to teach. He was very frustrated about my lack of participation but I was bed bound.

I am now well on the path to recovery and have started to teach again but I am having to gradually up my participation. They have suddenly asked to buy me out the business and has been very uncommunitive and evasive.

I understand the frustrations of my injury, but it was neither purposeful or expected and I am working hard to be back to where I was.
They have listed many reasons why I should be bought out. I don’t want to but don’t feel I have a choice if this negativity continues.

I am looking for advice on where I stand as someone who had put a lot of time and effort into the business and is reluctant to part ways and to explore my options in terms of a buy out if it comes to that as we both put in different amounts, are not profitable and are 50/50 shareholders.
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All things LLP

Boynton&Jones
Hi all,

We would love some advice. We are trying to register as an LLP, primarily as many business bank accounts will not let us bank as a general partnership. I am really struggling to make head or tail of some of it, so I was helping some people on here may be willing to advise. I have managed to register to file with Companies House, so do have a presenter ID and Code.

1. I can't seem how to register myself online, rather than through a third party service. Is there a way?
2. I have found CompanyRegistration.direct which seems to be quite reasonable as a third party register. Has anyone else used them?
3. I have found a cost of £50+VAT to register and the £34/year to file, is this right or are there other hidden costs that I may not have considered?
4. Maybe a silly question but I can't even work out what category photographers fall into. Anyone know?!
5. If you have any other information that I may not have thought of, please let me know.

Thanks so much everyone and if you need a photographer, please look our way!

Best,

Lucy
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Interested in chatting about parnterships?

dc74uk
I'm looking to chat with like-minded individuals to brainstorm and share ideas and concepts.! My strengths include problem-solving, app development, and creating innovative business solutions. If you're passionate about tech, creativity, or collaboration, then I wouldn't mind a chat. I am not selling anything, and I am not looking to buy anything. Just chat!

Thanks everyone!
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UNDERPAYMENT OF NI EE'S TO HMRC - YEAR END CORRECTION HELP

G
Hello,

New to he forum and new as a Payroll Manger too. I was looking for some advice please. I have received a letter from HMRC saying we made an underpayment of £140.09 on NI EE's for an employee in 2023-24. As it was our error we need to make the adjustment in the payroll software and submit an RTI. He was put on a Pension C NI letter in error.
I am trying to figure out how to correct it in the payroll. ....Do I just increase the employee NI (NI adjustment) for the last week of the year for said employee and then the year end archive increase YTD figures with additional £140.09 before doing an RTI.

Hope you can help me :) Any advice would be great.

Thanks
Gillian
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Roast my project

T
Hi, I am working on a project and I am interested into listen your opinions.

Current social media platforms are flooded with Bots and Artificially generated content.
My goal is build a platform that tacle these issues.

1 - The Problem:
The communication barrier is a global problem.
There are over 7000 langauges in the planet.
Meta is creating generative users.
The Dead Internet Theory is becoming real.

2 - The solution:
A platform with multi language translation via machine learning will
provide global distribution of content - back to back on any language.
Using algorithms to detect and block generative content and deep fakes.
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Cost of a company audit

D
I am a one of thirty shareholders in a PLC and the company has been asked to undertake an audit by the shareholders. The turnover is approx. £50,000 per annum and we employ one employee. The board have said that it will cost circa £5,000 for the audit. Does this amount seem reasonable as I have read that audits average 0.25% - 1.00% of turnover. Can anybody suggest what an average cost would be by a registered auditor? Thanks in advance.
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GSPR and Manufacturer / Wholesaler

N
Hi, Apologies I have tried searching the forum to see if this has been covered before I am just struggling to find consistently similar information regarding the new GSPR regulations and how this affects our particular set up. I understand this from the 'seller' to 'end consumer' perspective in a retail type transaction and have updated our selling channels for this side of the business to restrict and NI and EU sales as it fortunately doesn't have a huge impact on our limited sales in those market places.

However we are actually a manufacturer/wholesaler/importer ourselves and supply our products to stockists.
For some clarity we are based in the UK (warehouse and head office). We manufacture in China and India, and import these goods to the UK. We have a few stockists we supply in Northern Ireland, Ireland and Europe but we are really unsure how we continue this business with these customers since the GSPR regulations came in.

We have no EU based representatives currently. Am I right in thinking our only option to continue with these customers is if they assume the position of importer? So they would have to arrange all shipments of the goods themselves? As the importer they would then accept and take on responsibility of the 'Responsible Person'

If anybody has any advise I would really appreciate it! Most information I am reading is just aimed at a retail type scenario.
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