I have my business of fruit and veg which I started 2 years ago. I am registered as a sole trader. I now intend to switch to Limited company. I am also registered for VAT. Could you please advise what happens to my VAT registration? I mean do I have to de-register as a sole trade and register again for Ltd co. even though my business activity is the same. Or do I simply have to inform HMRC re change of status from sole trader to Ltd Company.
I look forward to hear from everyone.