Hello Experts! Hope you can help me with this one :)
Sole trader is ceasing on 28.06 as last day of working and opening business in another country the day after. Going to invoice the client after finishing the work. Its a cash basis account, does he still include the work up to 28.06 as income despite not receiving the money till 2-3 months later? The new country will also be a cash basis account and there is fear he will have to pay tax twice.
How to deal with the company assets that were bought as UK business? He will be using the assets as a new company in the other country (laptop, printer etc.)
Thanks a milion in advance!