Kids party/holiday provider

Kids party/holiday provider centred on art classes was facing VAT registration and a reduction in profit.

Referred by their business coach we explored the extent of applying the education exemption. As art is a subject taught in schools we found exemption could be applied but the planned restructure into a limited company would remove the entitlement. The alternative structure of taking on only partners or forming an LLP allowed them to trade to a higher level without having to register for VAT.

Posted in Case Study, Relief?, Returns.