The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note covers the main VAT treatment of a TOGC involving VAT groups. This note should be read in conjunction with the Overview of a transfer of a business as a going concern and Transferring land and property as part of a TOGC guidance notes.
The following table provides an overview of the VAT treatment of transfers of trade and assets where VAT groups are involved in the transaction. HMRC has amended its guidance on the correct VAT treatment in light of the Intelligent Managed Services decision (see below) and the table below has been updated accordingly:
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