Hi,
I am an owner of a cleaning business mainly offering carpet,upholstery and one off cleans.
The business has been running for about 2 years.
My friend also has a cleaning business mainly offering domestic,end of tenancy and office cleaning.He has been going for about 5 years.
My turnover is about 40k pa, his is about 60k pa.
The thing is, he likes the idea of setting up another separate company together.It would still have something to do with cleaning (maybe waste) as we both have skills in other types of cleaning and have many contacts.
We would register the company at either his or my address or even think about getting a unit.I know if it was one person trying to separate two cleaning company's, even at different address, they would not get away with avoiding Vat if the joint turnover goes over the threshold, but does this apply to us as a partnership with an already combined turnover which is over the VAT threshold.Registering for Vat would be too early for me at the moment, although i hope to keep growing and adding more commercial customers over next few years to become VAT registered
If there are implications for Vat by starting a new cleaning company, could we start a new maintenance company at a different address.We both sub out a few thousand worth of gardening and decorating work a month.This would be a great base to start a maintenance company if we where to do the work ourselves.
I hope this makes sense.
Regards David.
I am an owner of a cleaning business mainly offering carpet,upholstery and one off cleans.
The business has been running for about 2 years.
My friend also has a cleaning business mainly offering domestic,end of tenancy and office cleaning.He has been going for about 5 years.
My turnover is about 40k pa, his is about 60k pa.
The thing is, he likes the idea of setting up another separate company together.It would still have something to do with cleaning (maybe waste) as we both have skills in other types of cleaning and have many contacts.
We would register the company at either his or my address or even think about getting a unit.I know if it was one person trying to separate two cleaning company's, even at different address, they would not get away with avoiding Vat if the joint turnover goes over the threshold, but does this apply to us as a partnership with an already combined turnover which is over the VAT threshold.Registering for Vat would be too early for me at the moment, although i hope to keep growing and adding more commercial customers over next few years to become VAT registered
If there are implications for Vat by starting a new cleaning company, could we start a new maintenance company at a different address.We both sub out a few thousand worth of gardening and decorating work a month.This would be a great base to start a maintenance company if we where to do the work ourselves.
I hope this makes sense.
Regards David.