... that whilst incorporation of a sole trader's turnover needs to be considered for the 12 month rolling VAT threshold of a company, incorporation of a partnership does not - the sales figure resets.
I just can't find it online anywhere.
I have a sole trader who will breach the threshold probably around October time. We want to delay registration, so I was going to advise to transfer to a partnership now, then incorporation in October. I just can't find anything to back that up.
Am I right? Am I wrong? Does anyone have a relevant link?