I have an existing company and want to setup a brand new one as a VAT company

Hello

So I have a business which I run and it does not generate enough turnover to be registered for VAT, however I have found other new marketplaces but they require my business to be VAT registered.

So I want to know if it is legal for me to own two companies, one which is VAT registered, and one which is not, as if the company I own, if that becomes a VAT company then there will be 0 profit in the company as too many deductions.

Unless ofcourse you can become vat registered and not...

I have an existing company and want to setup a brand new one as a VAT company

from General Business http://ift.tt/1K6Ay5X
via IFTTT
Previous
Next Post »
Thanks for your comment