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ltd company retail shop owner wants to do driving on same company

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    ltd company retail shop owner wants to do driving on same company

    i own a retail shop and business goes very slow in winter so i have closed for a few days in the week . Is it ok to do hgv driving work on the same ltd company to help keep the shop going ie contribute towards rent and shop bills etc or would this have to be done as a seperate business thanks

    #2
    Have you asked Igloo Accounting?
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      #3
      I suspect doing such a thing wouldn't confirm to the purpose of your business as regards to VAT etc

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        #4
        Originally posted by northernladuk View Post
        Have you asked Igloo Accounting?
        Ouch

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          #5
          Yes you can. It could cause issues with your flat rate sector if you are on FRS. It could also cause possible issues with any retail scheme for VAT you are using.

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            #6
            Any such work would also have a strong possibility of being caught by IR35 though this isn't necessarily a problem so long as you operate it properly.

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              #7
              Originally posted by TheCyclingProgrammer View Post
              Any such work would also have a strong possibility of being caught by IR35 though this isn't necessarily a problem so long as you operate it properly.
              Someone attempted to rip me a new one and questioned my cut outtedness when I suggested this.......
              'CUK forum personality of 2011 - Winner - Yes really!!!!

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                #8
                Originally posted by hgvtrucker View Post
                i own a retail shop and business goes very slow in winter so i have closed for a few days in the week . Is it ok to do hgv driving work on the same ltd company to help keep the shop going ie contribute towards rent and shop bills etc or would this have to be done as a seperate business thanks
                Slightly off topic, but have you ever seen the film Convoy?

                https://en.wikipedia.org/wiki/Convoy_(1978_film)

                Last edited by MrMarkyMark; 11 December 2015, 13:34.
                The Chunt of Chunts.

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                  #9
                  Originally posted by MrMarkyMark View Post
                  Slightly off topic, but have you ever seen the film Convoy?

                  https://en.wikipedia.org/wiki/Convoy_(1978_film)

                  Slightly? lol
                  I'm a smug bastard.

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                    #10
                    Originally posted by LucidDementia View Post
                    Slightly? lol
                    I disagree. Lots of truckers in there
                    The Chunt of Chunts.

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