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VAT threshold with two businesses

  • Member PM.Dip
  • Practice Licence
  • 36 posts
  • # 117725

I am seeing a potential client today who wishes to engage a bookkeeper (he has an accountant for the Final Accounts side).  He has one business as a sole trader and the other as a partnership.  He has told me the combined turnover is over the VAT threshold.  My question is, should he be VAT registered or does the fact that one is a partnership override the norm of “total turnover“.

I‘ve tried to find an answer on HMRC website but, as yet, have found nothing.

Thanks all

 

Steph

  • Member PM.Dip
  • Practice Licence
  • 2 posts
  • # 117728

Hi,

 

I found this blog about Splitting your business to avoid VAT threshold which might give some help towards a decision.

 

https://www.mazumamoney.co.uk/news/splitting-businesses-to-avoid-vat/

 

Claire

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