I have a sole trader wishing to incorporate their business. They operate VAT cash accounting. If they choose to register the Ltd Co under a new VAT number, do they have to keep their sole trader's registration for a few months until all input /output VAT is accounted for?
Assume they incorporate and register for VAT on 1st April do they then have to submit 2 VAT returns for another quarter (maybe 2)? Does this affect the date of cessation for the sole trader?
Is it simpler to keep the same VAT number (transferring VAT history of the sole trader)?
VAT cash accounting and transfer of business