Tag: VAT planning

Rich Pickings From Pastures New

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If your business is setting up a new venture, then consider whether it would be appropriate to establish a separate business entity to undertake this move. There are significant tax advantages that could derive from using a separate company or stand-alone LLP to house a new venture. This could be the case in a diverse range of circumstances including ventures where: • You are seeking to motivate and incentivise senior staff; • VAT planning may be an issue; • the venture…

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VAT is the question

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VAT is not the ‘simple tax’ which Chancellor Anthony Barber referred to when it was introduced in 1974. While it may not offer planning opportunities to all businesses, there are many for which careful thought can realise genuine – and significant – savings. The first question – for the smaller business – is whether or not to register voluntarily for VAT. Where work is predominantly ‘B2B’ in nature, registration is…

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