I am a book-keeper, but my husband is currently employed as a driver by a construction company, which pays to have waste material (rubble, old tarmac, etc.) removed by another company. His employers have told him that if he were to acquire a suitable lorry (this would need an attached crane and could cost approximately £30,000), he could have the contract to carry out this work. His employer pays between £100 and £200 per load and if my husband were to do this full-time for other customers as well, he estimates that he could collect and dump up to ten loads per day.
I am a book-keeper but my husband is currently employed as a driver by a construction company which pays to have waste material (rubble old tarmac etc.) removed by another company. His employers have told him that if he were to acquire a suitable lorry (this would need an attached crane and could cost approximately £30 000) he could have the contract to carry out this work. His employer pays between £100 and £200 per load and if my husband were to do this full-time for other customers as well he estimates that he could collect and dump up to ten loads per day. I am not expecting Taxation readers to tell him whether to 'go for it' but I should be most grateful for any summary of the tax VAT and NIC implications of such a new venture. I would keep...
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