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Posted Thu, 08 Aug 2024 08:36:02 GMT by dan_tcob24
Hello. I'm already the owner of a VAT registered business and am looking to start a new, separate business that will also be VAT registered. Do i register the 2nd business separately or register them as a group? Thanks
Posted Fri, 09 Aug 2024 05:32:00 GMT by HMRC Admin 25
Hi dan_tcob24,
If you have set up a new limited company then this is a separate legal entity to your existing business and so if the turnover of the new business breached the £90K threshold then there will be a requirement to register it for VAT separately.
If certain criteria are met then you can form a VAT Group whereby one Group VAT number will cover both businesses.
Please see the guidance below:
2. Group registration
Thank you. 

 

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