Topic: Buying another company, but will take us over the VAT threshold
Looking for some advice about VAT. I have a hair & beauty salon, and am interested in expanding the company, and buying a beauty salon else where in the country. We are a limited company, and have been offered finance to purchase the second shop based on the existing company; however the finance want both companies to operate under the the existing salon. This would put turn over at circa £130000 which would exceed the VAT threshold. Is there any way of structuring the company to still have the loan, but to avoid becoming VAT registered?