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Hi, This is a VAT question. I have clients who run a businesses 1st.business
Hi, This is a VAT question. I have clients who run a businesses 1st.business ladies hairdressing, is a partnership between father & son, 10% & 90% respectively share of profits. 2nd business gents hai… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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My wife was a sole trader trading for 12 years before she became
My wife was a sole trader trading for 12 years before she became ill and closed down and deregistered for vat. I formed a new company and included her as a director. Can the company start trading and … read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,314 satisfied customers
Dear XXXXX I have two clients who operate as a partnership,
Dear XXXXX I have two clients who operate as a partnership, husband and wife selling on ebay. They have recently dissolved the partnership and are now trading as separate sole traders. They both have … read more
Sam
Sam
Accountant
Higher Officer HMRC
15,710 satisfied customers
Hi Tony, I have a VAT registration query. My client has a sole
Hi Tony, I have a VAT registration query. My client has a sole trader business- I asked him to keep track of his annual rolling turnover. He has just advised me that he has recalculated & he reached £… read more
Sam
Sam
Accountant
Higher Officer HMRC
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Hello. I am a sole trader and I will reach the VAT threshold
Hello. I am a sole trader and I will reach the VAT threshold after another 20k. Can I stop trading like this and set up a ltd company? Will this reset the vat clock as I wasnt required to register at … read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
Dear XXXXX I have a client who has traded as a sole trader
Dear XXXXX I have a client who has traded as a sole trader for many years. In October 2012 he converted to a Ltd company. In December 15th 2012 he registered the company for VAT. I have an invoice fro… read more
Sam
Sam
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I run a restaurant at an indoor bowls centre with sales below
I run a restaurant at an indoor bowls centre with sales below the VAT threshold. My partner has been offered the bar franchise also with sales below the VAT threshold. Could we run these two businesse… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,158 satisfied customers
Hi, I run a small niche business as a sole trader buying and
Hi, I run a small niche business as a sole trader buying and supplying second hand goods. I have recently had to register for VAT under the margin scheme. In essence this means that in order for me to… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,710 satisfied customers
Someone has 2 businesses as a florist they are both limited
Someone has 2 businesses as a florist they are both limited companies and he is sole shareholder and director ,they are both registerd for VAT. He is now thinking of starting a Company in a completely… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,158 satisfied customers
I am an online seller and to avoid reaching the vat threshold
I am an online seller and to avoid reaching the vat threshold of 77k turnover - is it possible to close my current limited company and move my business to a sole tradership to keep the limited company… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
I currently have a domestic cleaning business and am a sole
I currently have a domestic cleaning business and am a sole trader. i am not vat registered. I hope to not need to start charging vat to my domestic customers. I am thinking about starting up a sepera… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hello, I hope someone can put my mind to rest. 1. I am
Hello, I hope someone can put my mind to rest. 1. I am in the middle of submitting the SA for a self employed builder. He puchased a van and tools in 2009/2010 which I did not claim on SA for 09/10 ,b… read more
mark25551
mark25551
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Hi, is vat payable on the purchase of a commercial property? i
Hi, is vat payable on the purchase of a commercial property? i run a restaurant and the virtual freehold is up for sale. The whole building (6 units) was sold at auction and vat was added. the new lan… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,158 satisfied customers
Hi I have a client who has just registered for VAT and gone
Hi I have a client who has just registered for VAT and gone straight onto flat rate VAT. Can he claim the VAT back on a couple of computer and software purchases he made a couple of months before his … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
If I cease trading a Ltd, can I restart as sole trader without
If I cease trading a Ltd, can I restart as sole trader without vat reg and buy assets off Ltd company? Also, can I keep my t/a name?… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
hi, I am about to embark on a small business in the uk, it
hi, I am about to embark on a small business in the uk, it will start as a hobby and hopefully grow. At the same time I am a full time employee in a business. Do I have to register as a sole trader as… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,710 satisfied customers
David is a sole trader, who has run his dry cleaning business
David is a sole trader, who has run his dry cleaning business for 15 years from two rented shops. He has a net annual turnover of £102,000, where £78,000 comes from the 1st shop which David runs and £… read more
Sam
Sam
Accountant
Higher Officer HMRC
15,710 satisfied customers
hi. i own a fish and chip shop. i was advised at start up by
hi. i own a fish and chip shop. i was advised at start up by my accountant that it made no difference to me when i registered for vat. we then registered for vat at formation of the company. since the… read more
Julie Kingham
Julie Kingham
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