Buying another company, but will take us over the VAT threshold

Forum Categories › VAT REGISTRATION › Buying another company, but will take us over the VAT threshold

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  • 26 July 2018 at 16:28 #55518
    Murray
    Member

    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?

    29 July 2018 at 20:32 #55883
    vatconsultant
    Member

    You are at risk of artificial separation unless your business are ensure the business are as separate as possible – financially, economically and organisationally. Please read more on http://vatforum.co.uk/viewtopic.php?id=41

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