Hi - I started a number of e-commerce subscription based services that are just starting to take of.
I am thinking of incorporating a Ltd company or companies in the UK to manage these and have a few questions I hope someone can help with.
1. If the companies are not VAT registered then is it correct that I do not have to charge my online customers VAT?
2. If I have, say, 3 trading companies that each run a separate e-commerce service and they individually do not earn more than the VAT threshold but collectively they do would they need to register them for VAT purposes? The only link between them would be that I would be a Director of all 3.
3. If I go the above route and have say 3 separate trading companies would there be any advantage to having a 4th holding company that owns the shares of the other 3?
4. I currently own the service websites etc - how would I go about transferring ownership of these assets to the trading companies? Can I 'sell' them on for a nominal amount of a £1 or similar?
Many thanks for any help or advice!!!
I am thinking of incorporating a Ltd company or companies in the UK to manage these and have a few questions I hope someone can help with.
1. If the companies are not VAT registered then is it correct that I do not have to charge my online customers VAT?
2. If I have, say, 3 trading companies that each run a separate e-commerce service and they individually do not earn more than the VAT threshold but collectively they do would they need to register them for VAT purposes? The only link between them would be that I would be a Director of all 3.
3. If I go the above route and have say 3 separate trading companies would there be any advantage to having a 4th holding company that owns the shares of the other 3?
4. I currently own the service websites etc - how would I go about transferring ownership of these assets to the trading companies? Can I 'sell' them on for a nominal amount of a £1 or similar?
Many thanks for any help or advice!!!