Dear Sir/Madam,
As a coach, I am subject to VAT.I recently diversified my sole proprietor and now also work as a family mediator. The profession of mediator is exempted from VAT.
I carry out both activities under the same company number.
My question is how best to handle this from an accounting perspective.
As a coach, I am in principle subject to VAT (although I currently enjoy a free from exemption), while as a mediator I am in principle not subject to VAT.
Does anyone have experience with combining two activities, one subject to VAT and the other not?
Thank you for clarifying this. Kind regards,
Christine