Topic: How to avoiding VAT registration by splitting businesses
I run a coffee truck with turnover just less than the VAT threshold. It returns a modest profit but largely down to not being VAT registered.
I would like to have a second van. Am I able to register it under a different company and would it therefore have it’s own threshold? I assume that everything would have to be separate.
If not could I sell a stake of the business to someone so that it had a different ownership structure? Would that make a difference?