Vat or not to Vat

Partnership to Limited company - are sales rolled over for Vat Purposes?

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I run a business that has just incorporated from a partnership to a limited company. The Partnership was >10k under the threshold for VAT at the time of incorporation. Will these previous sales be the starting point for the companies VAT threshold, or does the whole thing reset to zero. 

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By Portia Nina Levin
20th Sep 2017 15:28

If the partnership was not VAT registered, it restarts from zero.

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Replying to Portia Nina Levin:
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By samcobtayches
20th Sep 2017 23:08

So i have nothing to fear from HMRC's first question of have you taken over another business?

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By Chris Smail
21st Sep 2017 11:38

What did you accountant say?

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