You’re selling part of your business to someone who’s not VAT registered. The contracts have been drawn up, but your accountant is concerned that the sale price doesn’t reflect VAT. The buyer says
VAT isn’t payable. Who’s correct?
Published 30.09.2016
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
Your spouse has a business which has been doing rather well of late. So much so that its turnover will soon exceed the VAT registration threshold. However, you don’t want to register it for VAT. How
can you do this?
Published 29.03.2007
After taking advice from your accountant you’re transferring your business to a company to achieve direct tax savings. The transfer will also have VAT consequences. What are they and how should you
tackle them?
Published 13.06.2018
You’ve accepted an offer for your business and the sale agreement is being drawn up. You’re selling the goodwill and the business has virtually no other assets. Do you have to charge VAT on the sale?
Published 30.04.2020
The Tribunal recently considered a dispute regarding the date of VAT registration following the transfer of a business premises. HMRC said the business should have registered immediately, the new
owner disagreed. What was the outcome?
Published 28.04.2017
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
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
Most businesses take for granted that they can register with HMRC and then reclaim any VAT they pay on purchases. But if your business only makes sales outside the UK that aren’t subject to VAT, are
you allowed to register in the first place?
Published 03.12.2009
You recently married. Your partner’s income is considerably less than yours and so you’re considering giving a share of a property rental business to them to reduce the overall income tax. However,
could doing so land you with a VAT bill?
Published 23.02.2022