1 hour accountancy advice on VAT to check if artificial separation applies
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Post a project like this2473
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- Posted:
- Proposals: 5
- Remote
- #1626592
- Awarded
Description
Experience Level: Intermediate
Kind of support: Tax
Description of support work: We are an existing business not VAT registered ( making zero rated supplies but can voluntarily register )
we are buying another business in another sector which is standard VAT rated by asset purchase model
both businesses will operate from same premises and have same controlling parties
Advice needed if we need to disaggregate for VAT after listening to our situation
the reasons it is kept separate is one one is Personal Services Co.
Other will be a business, we will acquire , improve and sell on as a Ltd Co
clumping the operation of both would mean we would not be able to sell the shares ( but could do an asset sale )
Extra notes:
Description of support work: We are an existing business not VAT registered ( making zero rated supplies but can voluntarily register )
we are buying another business in another sector which is standard VAT rated by asset purchase model
both businesses will operate from same premises and have same controlling parties
Advice needed if we need to disaggregate for VAT after listening to our situation
the reasons it is kept separate is one one is Personal Services Co.
Other will be a business, we will acquire , improve and sell on as a Ltd Co
clumping the operation of both would mean we would not be able to sell the shares ( but could do an asset sale )
Extra notes:
Trevor S.
100% (76)Projects Completed
114
Freelancers worked with
106
Projects awarded
27%
Last project
15 Mar 2021
United Kingdom
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A lot would depend on the two sets of numbers and growth plans/trajectory expected.
It's surprising that you are trying to buy a company, unless its a tiddler, without any Professional assistance re due diligence, integrating reporting, valuation..
451472
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