One of our subscribers runs a successful business but wants to start a second one with his brother who also already runs his own company. They want to defer VAT registration for as long as possible,
but what will the Taxman say about this?
Published 28.11.2011
Keeping an eye on turnover doesn’t just make sound business sense, it can also keep you out of trouble with the VATman. If you accidentally breach one of his limits is there anything you can do about
it?
Published 02.12.2004
One of our subscribers wanted to know at what point he was obliged to register his new business for VAT. It seems a basic question, but the answer isn’t always straightforward. What factors do you
need to consider?
Published 02.04.2013
In a recent tribunal case the VATman used a different interpretation of the law concerning claims for pre-registration input VAT. Will this affect any claim you’ve already made or could make in
future?
Published 21.10.2004
Although the Chancellor announced an increase to the VAT registration limit in the Spring Budget 2024, it was relatively modest. As a service business if your turnover exceeds the new limit can you
legitimately avoid having to register?
Published 17.04.2024
If you acquire or start a business which is not registered it might immediately come within the scope of VAT if you already own another business. When might this apply and what steps can you take to
prevent it?
Published 30.11.2022
The VAT registration limit was lifted to £77,000 in the Budget You don’t have to wait until your turnover reaches this limit to sign up - did you know you can even register before you start trading?
What’s the advantage in this?
Published 19.04.2012
Because of exceptional circumstances your business turnover has exceeded the VAT registration limit. You’re sure that this won’t be repeated. Must you register and wait to deregister when your
turnover falls or is there an alternative?
Published 05.09.2023
You’ve started a business to make a little extra cash. You don’t expect the turnover to ever come close to the VAT registration limit, but might you be required to register anyway, and if not is
there an advantage to registering voluntarily?
Published 26.10.2023
It’s common practice for holding companies to be included in a VAT group registration as it often means they can reclaim VAT that they wouldn’t otherwise be entitled to. But now Europe wants to put
an end to this. What’s the full story?
Published 05.02.2010