{"id":45022,"date":"2014-07-14T12:49:22","date_gmt":"2014-07-14T12:49:22","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=bf77f7d85f6f9c08ec3dc126a99110b7"},"modified":"2014-07-14T12:49:22","modified_gmt":"2014-07-14T12:49:22","slug":"new-stance-on-lease-surrenders-as-togcs","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=45022","title":{"rendered":"New stance on lease surrenders as TOGCs"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>The surrender of a lease can be treated as the transfer of a business as a going concern (TOGC), HMRC have announced.<\/p>\n<p>&#13;<\/p>\n<p>The news follows <em>Robinson Family Ltd<\/em> (TC2046), in which the First-tier Tribunal held that the grant of a lease could be a TOGC in some circumstances and indicated it was necessary to look at the substance of the transaction rather than its form<\/p>\n<p>&#13;<\/p>\n<p>The Revenue issued <em><strong><a href=\"http:\/\/www.hmrc.gov.uk\/briefs\/vat\/brief3012.htm\" >Revenue &amp; Customs Brief (RCB) 30\/12<\/a><\/strong><\/em> in response to the case and has now published the follow-up, <a href=\"http:\/\/www.hmrc.gov.uk\/briefs\/vat\/brief2714.htm\" ><em><strong>RCB 27\/14<\/strong><\/em><\/a>, which covers the findings of a review of the surrender of leases.<\/p>\n<p>&#13;<\/p>\n<p>The department decided there &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>The surrender of a lease can be treated as the transfer of a business as a going concern (TOGC), HMRC have announced.<\/p>\n<p>The news follows <em>Robinson Family Ltd<\/em> (TC2046), in which the First-tier Tribunal held that the grant of a lease could be a TOGC in some circumstances and indicated it was necessary to look at the substance of the transaction rather than its form<\/p>\n<p>The Revenue issued <em><strong><a href=\"http:\/\/www.hmrc.gov.uk\/briefs\/vat\/brief3012.htm\" target=\"_blank\">Revenue &amp; Customs Brief (RCB) 30\/12<\/a><\/strong><\/em> in response to the case and has now published the follow-up, <a href=\"http:\/\/www.hmrc.gov.uk\/briefs\/vat\/brief2714.htm\" target=\"_blank\"><em><strong>RCB 27\/14<\/strong><\/em><\/a>, which covers the findings of a review of the surrender of leases.<\/p>\n<p>The department decided there &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/45022"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45022"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/45022\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}