W Westgolf Registered User Messages 326 7 Jun 2020 #1 If a successful sole trader changes status to a new limit company does it require a new vat number and new registration ? It's the same type of business with the same personnel just moving to the new company ?
If a successful sole trader changes status to a new limit company does it require a new vat number and new registration ? It's the same type of business with the same personnel just moving to the new company ?
O osheamanning Registered User Messages 33 9 Jun 2020 #2 Westgolf, you (the limited company) will need to apply for a new VAT number.
B BusinessFailure Registered User Messages 36 9 Jun 2020 #3 When you're registering for a new VAT number, don't forget to register for the "moneys received" basis of VAT (assuming you meet the criteria: https://www.revenue.ie/en/vat/accou...ho-can-opt-for-the-moneys-received-basis.aspx). Better for your cashflow.
When you're registering for a new VAT number, don't forget to register for the "moneys received" basis of VAT (assuming you meet the criteria: https://www.revenue.ie/en/vat/accou...ho-can-opt-for-the-moneys-received-basis.aspx). Better for your cashflow.