This is an advertisementInterested In Advertising? | Contact Us Here
That's what i wondered.How is this not artificial seperation?There is a revenue guy on here, perhaps he'll tell us.
DeanOne other option would be to possibly set up the limited company now and have two sets of accounts, one with the commercial contract work and one for your domestic work. As these are two separate entities, we could keep the sole trade business below the VAT threshold so no price increase would need to be passed on to your domestic customers. However, this does come at a cost and more administration and without looking at the numbers for each, I do not know whether this would be a viable option.If you are considering the above as an option, I would ask your accountant to clarify as we were informed by our accountants that this would not be an option if we were using the same equipment/manpower for both domestic and commercial.Neil