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HELLO
a BOOKKEEPER FRIEND HAS A CLIENT WHO TRANSITIONED FROM A sOLE tRADER TO lTD cOMPANY ON 6/4/22
The Fixed Assets are to be taken over a\by the Ltd Coy at previous WDV BUT is a sales inoice to be raised and VAT art 20% issued on 5.5/22 .
Sole Trader was VAT Registered and LTD Coy is still awaiting the new VAT registration number???
SO..... old sole trader raises sales invoice + vat and new ltd company treats it a sinput tax ??
Is that the correct procedure?
Thanks John
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