VAT on used cars

Q: Hi I’m new to this forum. Any advice would be gratefully received. I am a private individual who recently bought, via a salvage auction website, a 7 year old 65000 km left hand drive Spanish registered car from South Yorkshire Police that they had previously...

VAT for two related companies to be combined ?

Q: My husband are both active director/shareholders of a small online retail limited company and are VAT registered. My husband has an idea for a new business, selling a completely different product . In the new Limited Company he would be the sole active director but...

Splitting a business

Q: My daughter has Gents and Ladies hair salon,gross takings approx £85K over the past 12months.She has already had a letter from Inland Rev about VAT. Her ex-husband who works for an accountants, has set up up a Ltd company for the Ladies.(this is the 3rd one he has...

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