VAT transfers of a going concern

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Practice notes
VAT on composite suppliesSingle composite supplies vs multiple suppliesWhere a supply comprises a number of different elements with varying VAT...
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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May
Practice notes
Commercial service charges—VAT implicationsThis Practice Note is about the VAT treatment of non-residential service charges. General positionService...
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Produced in partnership with Martin Scammell 19th May
Practice notes
Offshore receipts in respect of intangible property (ORIP)Since 6 April 2019, a person that is neither UK tax resident nor resident in a full treaty...
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19th May
Practice notes
FATCA in the UK—the UK:US Intergovernmental Agreement: an outlineIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Ali Kazimi and Chris Orchard of Hansuke Consulting Limited 19th May
Practice notes
Tax considerations on a loan agreement—the tax gross up clauseIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit...
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Produced in partnership with Eloise Walker of Pinsent Masons 19th May
Precedents
1 Withholding and grossing up 1.1 All sums payable under this [Agreement] by or on behalf of any party (for the...
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19th May
Practice notes
Taxation of UK LLPsA UK limited liability partnership (LLP) is a body corporate for company law purposes, but is generally taxed as though it were a...
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19th May
Practice notes
Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
Practice notes
Loan capital exemption from stamp dutyDebt which:•qualifies as loan capital (whether it is short or long-term debt), and•satisfies further conditions...
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19th May
Practice notes
The Budget and Finance Bill processThe Budget is a Parliamentary event at which the Chancellor of the Exchequer makes important announcements relating...
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19th May
Practice notes
Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
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Produced in partnership with Zoe Feller of Bird & Bird 19th May
Q&As
Corporate redomiciliation—can a non-UK company redomicile into the UK?It is possible for a non-UK incorporated company to redomicile to the UK....
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19th May
Practice notes
Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...
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19th May
Practice notes
R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
Practice notes
Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...
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19th May
Practice notes
SDLT group reliefFORTHCOMING CHANGE relating to FA 2008, Sch 36: In its Tax Information and Impact Note (TIIN) on freeports, the government announced...
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19th May

Most recent VAT transfers of a going concern content

Practice notes
VAT—what is a transfer of a business as a going concern?The sale of a 'business' is really a sale of assets bundled together. VAT would therefore be...
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20th Sep
Precedents
VAT TOGC clause—property sale contractIP COMPLETION DAY: The Brexit transition period ended at 11pm on 31 December 2020. At this time (referred to in...
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7th Sep
Practice notes
VAT—consequences of a transfer of a going concernThe conditions for a transfer of a business to be treated as a transfer of a going concern (a TOGC)...
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5th Sep
Q&As
In the context of a TOGC, is it sufficient for a buyer to show they have made an application to HMRC for VAT registration or must the buyer already be...
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5th Sep
Q&As
How does the inclusion of a freehold property which has not been opted to tax affect the sale of a business as a TOGC?There are several conditions...
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22nd Aug
Q&As
When transferring properties which have waived the exemption to tax which make up a property investment business of a deceased to beneficiaries for no...
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16th Aug
Practice notes
VAT—transfers of a going concern involving land and buildingsThis Practice Note is about the issues that arise on a transfer of a going concern...
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Produced in partnership with Martin Scammell 16th Aug
Q&As
Does the seller of a business need to be VAT registered for the transfer to be treated as a TOGC?There are several conditions that must be met in...
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16th Aug
Q&As
Is VAT chargeable on the sale of a business where the seller is not registered for VAT?UK value added tax (VAT) is chargeable on a transaction where a...
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16th Aug
Q&As
If a company acquired a property as a TOGC and then sold it on to a third party, what are the tax implications for the company?There are two areas of...
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16th Aug
Q&As
Can a tenancy at will be a transfer of a going concern (TOGC)?A TOGC is a ‘transfer of a going concern’. In order for there to be a TOGC, there must...
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16th Aug
Q&As
What is the VAT treatment of a deposit that is paid for a transfer of a going concern if the sale does not proceed and the deposit is retained by the...
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31st Jul
Precedents
1 VAT 1.1 Unless otherwise stated in this Agreement: 1.1.1 all references in this Agreement to the...
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26th Sep

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