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Where Taxpayers and Advisers Meet

New company incorporation for VAT efficiency

Goldensierra96
Posts:1
Joined:Mon Apr 10, 2023 3:57 pm
New company incorporation for VAT efficiency

Postby Goldensierra96 » Mon Apr 10, 2023 4:01 pm

Hi all.
I have a trading company that imports good from the EU and retails in the UK for a profit. The revenue is under the UK vat threshold but I'm still vat registered to comply with the import aspect.
Is it possible that I can deregister my trading company for VAT for a set period until the threshold is reached and incorporate a new vat-registered UK company that only imports from the EU and sells to my current UK company.

pawncob
Posts:5083
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: New company incorporation for VAT efficiency

Postby pawncob » Wed Apr 12, 2023 4:18 pm

Yes you can. But where's the benefit?
With a pinch of salt take what I say, but don't exceed your RDA


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