sale second hand cars

sale second hand cars

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Hi everyone
I have a question.
Client has a limited company. He sales second hand cars. He uses the Vat margin as accounting method. Client would like to expand yourself business activity by addition next business activity as a selling the finance products (car loans). I know that the business of selling of loans for car does not include Vat.
Does client can do business with 2 activities (together) on the name of the same limited company? Sale car by using Vat Margin Scheme and sale car loans?
I think that it is more complicated. Have you got some suggestions? Maybe better is create new limited company for  selling the  finance products only?
Please help. What is the better?

Many thanks

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By Maggie555
01st May 2015 14:09

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