V2.224 Change of control of a businessA business may cease to be carried on under the control of the person registered for the purposes of VAT in the following circumstances: • when an individual dies, becomes incapacitated or bankrupt • a change in the composition of a partnership occurs • a receiver or liquidator is appointed to control the affairs of a body corporate or unincorporated associationIn such cases it is necessary to notify HMRC of the change1. See V2.124 in relation to these notification requirements.For an overview of VAT and business
A business may cease to be carried on under the control of the person registered for the purposes of VAT in the following circumstances:
• when an individual dies, becomes incapacitated or bankrupt
• a change in the composition of a partnership occurs
• a receiver or liquidator is appointed to control the affairs of a body corporate or unincorporated association
In such cases it is necessary to notify HMRC of the change1. See V2.124 in relation to these notification requirements.
For an overview of VAT and business
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