Frequently asked questions
There are a variety of legal structures available for your business, ranging from sole trader to partnership, limited company or PLC. The question as to what is right for you will depend on a number of factors, including the type of business, tax planning issues, and how the owners of and workers in the business are to be remunerated.
You will need to register for VAT if you expect your turnover to exceed £70,000 during the next month or once your turnover exceeds £70,000 in a 12-month period. You may also want to register for VAT even though your sales do not exceed the threshold. For example, if a significant part of your sales are "zero-rated" or "reduced rate" for VAT purposes, then if you register for VAT you may be able to claim a refund of some or all of the VAT you pay on inputs.
If your business has employees, it is required to have employer liability insurance. In addition, many businesses also carry public liability insurance -- since most businesses, one way or another, interact with the public. Depending on the nature of your business, you may need motor insurance, product liability insurance and/or special types of risk cover such as professional indemnity insurance or performance bonds.
Employers must use the PAYE ('pay as you earn') system to deduct taxes from their employees' earnings and remit them to HMRC. Nearly all businesses are required to make such deductions. You are also required to pay a separate employer's National Insurance contribution. The amounts that you are required to deduct depend on each individual employee's tax coding. Many businesses choose to out-source their payroll accounting, but some do their own. For people who run small businesses and want to handle their own payroll, HMRC offers free assistance.
Yes, all businesses need to prioritise health and safety. If your business is labour-intensive, and especially if it involves physical labour and/or transportation services, it will likely present a range of health and safety issues and may be subject to inspections to ensure regulatory compliance. You will need to determine how you will ensure compliance, and how much it will cost the business to do so.
Although most people try to avoid lawsuits and prefer not to breach contracts, there are times when people find it necessary to take a contract dispute to court. This article provides a basic overview of the law relating to breaches of contract and the remedies for breach of contract.
- Right to know who took a decision
- Formal complain. Is this defamation?
- Help re domestic sitiuation
- Disciplinary Written Warning
- Would I get legal aid?
- Grievance at work - unsafe practices
- compensation is not minimum
- Unpaid work
- Registering as UK Citizen
- Can reservation fee be accepted then rejected due to property pulled off the market?
- Personal Defamation and Picture Theft on Facebook
- i haven't been paid
- Claim for bad business advice...?
- Position of Trust
Terrorism: PM attempts to crack down on charities funding terrorist organisations
David Cameron has revealing draft legislation aimed at tackling the concerns charity organisations are using their resources to fund terrorist organisations like ISIS, reports the Guardian. The new legislation includes measures such as: banning people with convictions for specific criminal...
Detention: US detainee finally released from North Korea
Jeffrey Fowle, a US citizen who has been detained in North Korea since June has finally been released, reports the BBC. Visiting North Korea in April this year, 56-year-old Fowle was detained upon trying to exit the country in June....
Criminal law: Pistorius sentence is revealed
The South African court has finally reached a decision on the sentencing of Oscar Pistorius after being found guilty of killing his former girlfriend, Reeva Steenkamp, the BBC reports. While Pistorius was charged with culpable homicide but cleared of murder...
Law and government: Green Party politician Jenny Jones arrested
Green Party deputy chair of the London assembly's police and crime committee has been arrested along with 15 other people during a demonstration near parliament, reports the Guardian. Jones, 64, was arrested after visiting the protest site of Occupy London....
Criminal law: Those who use knifes or guns during robbers will receive longer sentences
New guidelines have been released stating those criminal who use knifes or guns during a robbery should receive longer sentences, reports the Guardian. The proposals come after a period where fatal stabbing and knife crime have risen in prominence in...
Benefits law: Prime Minister proposes cap on benefit payouts
Housing and living benefits are to be capped as part of the Conservative party's plans for greater employment, reports the Daily Mail. Prime Minister, David Cameron, has proposed that a cap be placed on housing and living benefits to a...
Media law: Ofcom deems swearing on live radio before six o'clock breaches guidelines
A recent live broadcasting of Radio 1's Big Weekend witnessed two celebrities swearing during their performances, reports the BBC. Watchdog Ofcom have been investigating a live broadcast from Radio 1's May event, the Big Weekend. The investigation comes as a...
KJS Solicitors Guest Blog: Divorce times being affected by those who choose to represent themselves in court
There has been a significant increase in the time it takes for couples to get divorced and the courts in England and Wales are putting this increase down to the fact that many individuals are now going down the route...
EU law: Cameron's bid to limit European immigration is dismissed as 'illegal' by European Commission President
Arguments arise over European migration to Britain, reports the Mail on Sunday. In a bid to limit the number of Europeans who migrate to Britain every year, the Prime Minister has proposed capping the number at 100,000. However, his plan...
Trolling: Proposal to quadruple current maximum sentence for internet trolls
Justice Secretary, Chris Grayling, has proposed that the current six month maximum sentence for internet trolls be raised to two years, reports the BBC. Following the recent publicity surrounding the Madeley family's threats from twitter trolls, the Justice Secretary has...
Benefits law: Housing benefit fraud should have been tackled sooner states National Audit Office
The National Audit Office (NAO) has released information showing yearly overpayments of Housing Benefit have reached almost £1.4bn over the last four years, reports the BBC. The NAO has examined the Department of Work and Pensions' (DWP) activity over the...
Media law: Staff at the Sun newspaper accused of paying public officials for information
Sun staff face charges of conspiring to commit misconduct in a public office as they appear in court to answer the allegations, the BBC reports. Six members of staff at the Sun newspaper are accused of making payments to public...
Family law: Landmark ruling in case of unmarried couple
A ruling has been made in favour of an unmarried ex partner in a landmark case for family law, reports the Daily Mail. Former couple, Catherine Blackburn and David Southwell, have been in court arguing over assets. Historically, given that...
Criminal law: Theresa May calls for limitations to be placed on bail time
Home Secretary plans to put an end to limitless bail times in order to spare those on bail from suffering for too long, reports the BBC. Current policy allows for bail time to be as long as investigating officers consider...
Privacy law: UN report claims extensive internet surveillance will adversely affect international law
A new report published by the UN has stated the surveillance of the internet by government intelligence agencies may undermine international law, reports the Guardian. The report, written by Ben Emmerson QC, a specialist on counter-terrorism, was released as a...