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eddie d

vat
« on: March 14, 2008, 06:06:03 pm »
just wondeered

if you become a partner does that mean the vat threshold doubles ???

*Chris Browne

  • Posts: 863
Re: vat
« Reply #1 on: March 14, 2008, 06:10:21 pm »
Its the company that is vat registererd not the individuals, if they both work for the same company then its just the Co. thats liable..

dave0123

  • Posts: 3553
Re: vat
« Reply #2 on: March 14, 2008, 06:59:07 pm »
Well i heard diffrently. obv if u were partners it would be vat registerd because the turn over is hit the theshold.

but i belive you carnt set up 2 companies to get out of the vat because your a director and one company is allready vat regesterd.
Dave.