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

Discussion in 'General Business' started by Coopzie, Jan 25, 2016.

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  1. #1
    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 have to pay vat unless you go over the threshold but I would imagine that would require a lot of paperwork, seems easier to setup a new company for this.
     
    Coopzie, Jan 25, 2016 IP
  2. giganue

    giganue Active Member

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    hy @Coopzie .... can your sent payment now... please check your PM
     
    giganue, Jan 26, 2016 IP