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2nd Business Name + VAT

  • 25-05-2009 4:31pm
    #1
    flash harry
    Closed Accounts Posts: 511 ✭✭✭


    Hi All

    Just a quickie someone might know - I am about to register another business name and was wondering can I invoice from new business with existing (current company) VAT number etc. Obviously I'll need a new nak account etc I know...

    Any thoughts?

    FH


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    if the same company is carrying out the two business then this is no problem. Why would you need a second business bank (nak??) account?


  • #3
    patftrears
    Closed Accounts Posts: 174 ✭✭patftrears


    flash harry wrote: »
    Hi All

    Just a quickie someone might know - I am about to register another business name and was wondering can I invoice from new business with existing (current company) VAT number etc. Obviously I'll need a new nak account etc I know...

    Any thoughts?

    FH
    the business name is registered to the company ?
    It will be Company Ltd. T/A BusName, so it is fine/compulsary to use company tax details.


  • #4
    Kelter
    Closed Accounts Posts: 393 ✭✭Kelter


    I assume you are doing this because you want to separate the assets, liability etc... so it will be a totally different company... so it needs a totally different tax registration


  • #5
    flash harry
    Closed Accounts Posts: 511 ✭✭✭flash harry


    thanks all

    I'm doin it as a sole trader and the new business is something copletely different to my existing one.

    So my existing is Flash Harry T/A XYZ
    Can I just register Flash Harry T/A ABC and use the same VAT numbers etc???

    Bank account is just as other poster says to keep assets seperate etc

    Thanks


  • #6
    AccessQuery
    Closed Accounts Posts: 81 ✭✭AccessQuery


    flash harry wrote: »
    Can I just register Flash Harry T/A ABC and use the same VAT numbers etc???

    Yes you can, there's no problem with that. I'm doing the same thing myself at the moment.

    The Revenue/VAT man will just look at you and not the business names. So when you do VAT returns etc account for sales and invoiced expenses from both sources in the same returns/VAT3s.

    Hope this helps.


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