Your business consists of two trading and one holding companies. You’re also negotiating the purchase of a competitor business, which is costing the holding company a lot of money in professional
fees. Can it reclaim the VAT on these?
Published 09.06.2017
You’ve formed a company to develop a new business unconnected with your existing firm. Even if it’s viable it won’t generate income for months or even more than a year. Can you register and reclaim
the VAT on development costs?
Published 14.11.2022
Unlike sole-trader businesses every company must have its own VAT registration. This can add extra layers of admin where you run two or more connected companies. Group registration might help, but
when can you use it?
Published 18.03.2016
In 2009 the European Commission started action against the UK with the aim of excluding holding and similar companies from VAT groups. Nearly four years later the result is in. What was the outcome
and how might it affect you?
Published 02.05.2013
Taking on an employee means you’ll also take on a stack of other responsibilities as their boss. But at least you won’t have to pay VAT on their salaries as you would if they were contractors.
However a recent case showed this isn’t always so, why?
Published 13.10.2010
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
If you trade through more than one company, you can share the overheads around to save tax by making management charges. However, there is a VAT trap for the unwary. How can you avoid it?
Published 23.10.2008
You are about to make a year-end management charge to a related company. However, if the associated company is not registered for VAT it won’t be able to recover any VAT you charge on top. What can
you do to reduce this VAT cost?
Published 15.03.2007
If you need to move profit from one trading company to another just to be able to pay a dividend to shareholders, there are VAT traps for the unwary. So how do you keep the VATman at bay?
Published 17.01.2008