I own 100% of existing Company A which I am about to register for VAT, I pay myself basic salary + dividends... this is my only income. I am starting a new Company B with a business associate (50/50). I can either:
- Have Company A own my share of Company B
- Personally own my share of Company B and pay myself PAYE salary
- Personally own my share of Company B and invoice my services from Company A to Company B
What is the best option to minimise tax? Do I benefit from registering Company B for VAT? (The other person is in the same situation, except his own 'company A' is not registered for VAT).
I hope that makes sense? And I thank you greatly for your responses! (first time poster, long time user of this site)