VAT backdating when moving from sole trader to Limited Co?

[Dean Hill]

Hi there, i started a business last year as a sole trader, i was not VAT registered.

I have just moved from being a sole trader to a limited company and i am now looking to register for VAT. Reading on the .gov website it says that i can reclaim VAT for up to 4 years previous as long as i still have receipts ect. Will this still be applicable to me being that i was a sole trader at the time?

Thanks in advance, Dean

 

[STDFR33]

No.

 

[UK Contractor Accountant]

No.

No ............... unless?

 

[UK Contractor Accountant]

unless .......... the sole trader incurs expenditure on behalf of the limited company.

 

[Dean Hill]

unless .......... the sole trader incurs expenditure on behalf of the limited company.

Meaning?

For a simple example, i purchased shelving for the business as a sole trader last year, could that be included now that it is a limited company?

Im imagining not, but hey, you've gotta get every penny where you can!

 

[UK Contractor Accountant]

Meaning?

the business bought stock (for example) which is to be sold by the limited company after it becomes vat registered.

 

[Will Wright]

Hi Dean, does that mean you can use the stock take value when moving from sole to ltd? what happens if I went from sole trader, to ltd, then registered for vat a few months later?