BB/9B/05 VAT—Transfer of Going Concern (TOGC)—UK implementation of the European Court of Justice (ECJ) judgment in the case of Zita Modes SarlBusiness Brief, Issue 9. 4 April 2005This Business Brief article explains Customs' position following the ECJ judgment of 27 November 2003 in the case of Zita Modes Sarl v Administration de l'enregistrement et des domains (C-497/01) (Zita Modes) (Part V11).BackgroundThe Transfer of a Going Concern (TOGC) rules are intended to simplify accounting for VAT when a business changes hands. They relieve the buyer of a business from the burden of funding any VAT on the purchase. Removing a
Business Brief, Issue 9. 4 April 2005
This Business Brief article explains Customs' position following the ECJ judgment of 27 November 2003 in the case of Zita Modes Sarl v Administration de l'enregistrement et des domains (C-497/01) (Zita Modes) (Part V11).
The Transfer of a Going Concern (TOGC) rules are intended to simplify accounting for VAT when a business changes hands. They relieve the buyer of a business from the burden of funding any VAT on the purchase. Removing a
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