VAT

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VAT can a new business start issuing VAT invoices.I am passing on a big chunk of my business to my staff in a kind of buyout. I will need to keep my VAT registration for a few years yet. Can the new business charge VAT from day one pending registration? They will be several times over the threshold.

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You can issue invoices for the gross amount not mentioning VAT, then issue VAT invoices when you have the VAT number. It's explained in detail here on the HMRC website if you want to take a look.

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