Commentary

V2.114 Representative members of VAT groups, persons dealing on terminal markets and co-owners of land

Part V2 Registration – deregistration

V2.114 Representative members of VAT groups, persons dealing on terminal markets and co-owners of land

V2.114 Representative members of VAT groups, persons dealing on terminal markets and co-owners of land

Types of taxable person—representative member of a VAT group

The 'representative member' is one of two or more bodies corporate (see V2.113) (referred to here as 'companies') which are treated as members of a group1. The requirement that all group members be bodies corporate is to change with effect from a date to be appointed. For bodies corporate treated as members of a group and details of future changes, see V2.189Y–V2.190.

Types of taxable person—persons dealing on terminal markets

The Treasury is given wide powers to

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