VAT and Groups

VAT and Groups

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Hi all

New business, has set up a holding company which owns 2 subsidiaries.  One will be straight forward trading business and the other potentially used for investing but is dormant for now.  Based on the volume of anticipated sales the trading company will reach the VAT threshold.  There will be no trading between the companys. 

Just looking for some advice how to get this right for VAT purposes?

Thanks

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By User deleted
29th Jul 2015 16:09

Not nearly enough information

In particular, there can be either advantages or disadvantages (or both) in forming a VAT group, depending on the circumstances.

Do you not have access to reference material that could steer you in the right direction? Both Tolleys and CCH have useful commentary, and there are plenty of others.

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By Portia Nina Levin
29th Jul 2015 16:22

Let me see

You have three companies in a group and only one of them is doing anything.

So, would I form a VAT group or would I not?

Would I was through a lengthy tome to help me decide?

No, I would not. I would just register the company that is doing something, as and when appropriate (which may be right away, depending on who their customers are).

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