Client does some consultancy to a varied client base in ireland through a company, under vat threshold. Has got a new contract through a UK agency to provide services to just one Irish based mutlinational company,will be billing the UK agency direct. Overall value of this project is itself under threshold and he was going to bill this through a 2nd company for this project only. Thus both companies under threshold. If this project extends then he would register 2nd company for vat but wants to keep his other income out of vat. Do you think there are any vat issues with this, could revenue come back and say the combined turnover is over limit ?. thanks.
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