One or two businesses?September 15, 2011 Do you operate two or more businesses within your family, which could be connected for reasons other than your family relationship? VAT Inspectors are aware that some people split their businesses artificially so that one part of the business remains under the compulsory VAT threshold. They will challenge business they suspect of artificial splitting, such as VAT registered farms that are home to B&B businesses which are not VAT registered. We can help you defend your position if you are unfairly challenged on these grounds. VAT Notice 700/1:Should I be registered for VAT, see section 13 |
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