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Date of VAT registration following TOGC.
One of my limited company clients has purchased a business that gives dancing lessons. The seller was a sole trader and therefore not VAT registered because the income from the lessons (£100 000 a year) qualified as exempt under the private tuition rules.
My client has other annual income of £50 000 selling merchandise linked to dancing so is not VAT registered either because this income is below the VAT threshold.
My concern is whether the company should now register for VAT because it needs to take into account the seller’s turnover as far as the registration threshold is concerned. Alternatively is the seller’s turnover exempt?
On the other hand should the seller’s turnover be treated as taxable because lessons given through a limited company are always VATable?
The company bought the business on 31 May 2019 so my thinking is that it should register for VAT from 1 July 2019; in...
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