Скачать или смотреть Should I Go VAT Registered Or Not? Accountant's Advice for UK Business Owners

Split your business to avoid VAT? 🤔

The answer to this question depends on whether or not you have clear, commercial justification as to why the businesses should be separate 🔍

There’s set criteria you’ll need to meet, but HMRC are essentially looking for any financial, organisational and economic links between the businesses 🔗

Being VAT registered can be advantageous for some businesses, as you can reclaim VAT on goods up to 4 years after purchase 🗓️

This can therefore be a welcomed cash flow boost for business owners 👌

However, businesses may try and avoid VAT registration if they generate more VAT from goods / services sold than that from goods / services bought 🤝

What are your thoughts on VAT as a business owner? 👇🏻