Originally Posted by
Shunter
Evening all
In order to do so, the company obviously has to do some business and charge customers VAT, and as one of us is a CPL we'll be doing some aerial photo and pleasure flight work.
Doing work like pleasure flights I believe requires an AOC - not sure about aerial photos. An AOC requires you to be a properly capitalised company so you will wind up charging VAT on everything.
As a general rule, if you have a company that looks like a hobby and claims VAT or claims VAT on all costs but through a 'creative' structure doesn't charge the owners VAT on everything (i.e. the monthlies), you are likely to have the pleasure of HMR&C's deepest attention
