Some time ago, a client had set up a film production company and he was about to produce a film that would take some 2 years to make. Therefore no income would be derived by the company for at least 2 years.
I explained to him that if he registered immediately as a voluntary registration he could claim back all the VAT input he suffered in that film production. This enabled him to finish producing the film faster because he was able claim back in excess of £25,000 in VAT.
Another benefit from registering for VAT early is that it increases your status both, with your suppliers and your potential customers.
If you wish to know how registering early for VAT can benefit you and your business, contact Green and Peter on 020 8446 8100
Some time ago, a client had set up a film production company and he was about to produce a film that would take some 2 years to make. Therefore no income would be derived by the company for at least 2 years.
I explained to him that if he registered immediately as a voluntary registration he could claim back all the VAT input he suffered in that film production. This enabled him to finish producing the film faster because he was able claim back in excess of £25,000 in VAT.
Another benefit from registering for VAT early is that it increases your status both, with your suppliers and your potential customers.
If you wish to know how registering early for VAT can benefit you and your business, contact Green and Peter on 020 8446 8100.
