[Question] VAT registration

[Heidivf]

Hi

My client has changed from a sole prop to a Pty Ltd but the name has remained the same. At the time of being a sole prop he was registered for PAYE, SDL, UIF and was liable to register for VAT but had not yet.

We decided to create the company first and then register for VAT. I spoke to SARS this morning and they say that they can transfer the PAYE, SDL, UIF numbers to the Pty Ltd and that I can base the VAT registration off the sole prop income statement as essentially it is the same company.

Is it such a good idea to transfer the existing numbers and base VAT registration off the sole prop. Would it not be better to have new numbers and base the VAT registration off the actual Pty Ltd.

And how does one determine the actual date of when VAT liability started?

TIA

[GertAcc]

Did you come right? I see this was posted a couple of days ago.

[Heidivf]

Hi, not yet.

Going to talk to SARS tomorrow.

[dellatjie]

And how does one determine the actual date of when VAT liability started?

As soon as it can be reasonably expected that the taxable earnings will exceed R1 million for any 12 months.