VAT Registered

[Mick Dempsey]

18 minutes ago, Rough Hewn said:

Not you too Mick.
I run 3 businesses,
tree services, Saw milling and timber merchants.
If I get a turnover approaching vat, I’ll just set up each business as a ltd.
Each stays under the vat threshold.
The savings I’d make on new kit are a few hundred or thousand a year. Compared with tens of thousands I’d have to charge in vat.

Also I will point out, if all you want, is to earn more and more money, there are far safer, easier and quicker ways.
As you well know.

Lump em all together, make a go of it. 

[Justme]

4 hours ago, Rough Hewn said:

I run 3 businesses,
tree services, Saw milling and timber merchants.
If I get a turnover approaching vat, I’ll just set up each business as a ltd.
Each stays under the vat threshold.
 

How?

They must all use combined equipment ect.

 

I run two very different businesses.

 

I would like one to be VAT & one not but as i am self employed & not Ltd its ME that goes VAT registered  so both would have to be or none.

[doobin]

2 minutes ago, Justme said:

How?

They must all use combined equipment ect.

 

I run two very different businesses.

 

I would like one to be VAT & one not but as i am self employed & not Ltd its ME that goes VAT registered  so both would have to be or none.

As retired climber says, artificial separation. He’d be hauled over the coals and the VAT backdated. 

[Rough Hewn]

As retired climber says, artificial separation. He’d be hauled over the coals and the VAT backdated. 

Nope.
3 separate sites with their own kit and staff.
Each a limited company.
[emoji106]

[doobin]

6 minutes ago, Rough Hewn said:

Nope.
3 separate sites with their own kit and staff.
Each a limited company.

You really don't have a clue here mate. Go on, try it.

 

How many staff do you have currently, out of interest?

[Rough Hewn]

You really don't have a clue here mate. Go on, try it.
 
How many staff do you have currently, out of interest?

Please enlighten me doobin.
I don’t have a clue, you’re right.
I just cut wood, I don’t have an accountant yet.
[emoji106]

[Retired Climber]

25 minutes ago, Rough Hewn said:

Please enlighten me doobin.
I don’t have a clue, you’re right.
I just cut wood, I don’t have an accountant yet.

You criticise me (or try to) for having an opinion different to yours, and then admit you haven't got a bloody clue what you are talking about. You claim to have 3 businesses, but none of them takes more than 90 grand a year, and then you think you can separate them to avoid VAT registration of required. You might want to have a bit of a think and do a bit of research before you suggest I'm the one talking rubbish. 

[Justme]

42 minutes ago, Rough Hewn said:

Nope.
3 separate sites with their own kit and staff.
Each a limited company.

Er you said IF they get close you will take them limited.

 

QUOTE

I run 3 businesses,
tree services, Saw milling and timber merchants.
If I get a turnover approaching vat, I’ll just set up each business as a ltd.
Each stays under the vat threshold.
 

[Rough Hewn]

Er you said IF they get close you will take them limited.
 
QUOTE
I run 3 businesses,
tree services, Saw milling and timber merchants.
If I get a turnover approaching vat, I’ll just set up each business as a ltd.
Each stays under the vat threshold.
 

Yes. If.[emoji106]

[Hodge]

Statement of Practice 4 (1983) - GOV.UK

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