HMRC clarifies treatment of transfers
Posted by mostafa on 28 June, 2016
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This item was filled under Tax
HMRC will now accept that the transfer of a business to a company in a VAT group can be a transfer of a going concern (TOGC) for VAT purposes, as long as it intends to operate the same kind of business in supplying services to other group members, who in turn make supplies outside of the group.
This …