VAT registration and going concern...
Hello
Just been seen by a potential new client.
Sole-trader business transfer as going concern to limited company, say November 2010.
12 months sales in sole trade to Nov 2010 £58,000. Not VAT registered.
New limited company turnover since take over to now (8 months) £65,000.
Now, does the rolling 12 months go back into the sole-trader period?
Or, does the company rolling 12 months turnover start at the date of TOGC?
Am having a slight difference of opinion with a colleague and wondered what you thought.
Many thanks in advance.
- People working over 65 1,544 27
- nominal value of shares 140 7
- Personal car 17 1
- Sage difference between TB. Figures and accounts 17 1
- Starting up in Practice 1,607 64




Ignore sole trade