Jess3759

I have a limited company that we now only have an annual turnover of £55k approx.
If I split the business to commercial clients remaining on the VAT voluntary registered LTD company, and set up a new LTD company for domestic clients, would this be ok?
The turnover for both businesses combined will remain below the threshold and we would still be paying VAT on all commercial work, but we are losing work for domestic clients are are priced out of the market being 20% more than local competitors.
Thank you!