- the office is based in the UK, supplier payments are made from Uk bank ...
- the company is a boat that is registered as a limited company in the UK so the costs are based on maintenance, captain, docking fees, insurance ...
Yarka, thank you for your reply and for additional information.You would register the business for VAT in the UK if your taxable supplies to UK based customers exceed the threshold for VAT (currently £82,000) and you operate from a UK based business address.Certain costs would be exempt from VAT e.g. wages, insurances.If your business is based in France then you ought to consider registering the business for VAT in that country. Under EU rules, invoices raised to customers who are VAT registered and based in EU member state are regarded as zero-rated for VAT purposes so there should be no VAT to be paid for supply of services and goods.I don't understand the point about "I say to register in the UK while the director is thinking registering in France to save on paying tax." If a business is registered for VAT purposes, then all VAT paid on suppliers invoices would be claimable as VAT input.Saving on paying tax ...what tax???
More information on VAT Registration can be found here
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We are considering registering for French VAT which I am here to figure out which one to register for...
This business is NOT generating any income so there is not turnover - only costs and the registration would be voluntary
Dilema - is this right?: if the business is registered for UK VAT we could go back 4 years and claim the VAT we paid so far (i am aware this would need to be done before the actual registration), and going forward we could contact all our supplier to zero rate any future invoices which will be in line with the EU law... am i right to think that?
No - Why would we need to register for French VAT and what are the VAT implications? Would we need to pay French VAT?
Again the business/boat is based in France but it is operated and managed from the UK.
ok that is helpful - the reason the boat is registered as a limited company is that the liability is diverted from the owner.
How about registering for French VAT? Would the business benefit from registering there? thank you
thanks - would you be able to recommend anyone who could help me to find out more about the French VAT?
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