Commentary

V7.166 Applying for a group registration

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.166 Applying for a group registration

Part V7 Tax planning | Commentary

V7.166 Applying for a group registration

The basic outcome of applying for a new group registration is that the existing VAT registration numbers of the separate entities will be cancelled, and a new registration formed for the group. The business will need to select one of the proposed group members to act as a 'representative' member. This does not necessarily have to be the holding company or the controlling individual/partnership. The new group registration will be in the name of the representative member.

Once a group registration has been created, it is fairly simple to add new entities to the group or, where appropriate, remove individual members from the group.

There are three main forms to complete when applying for a group registration:

  1.  

    •     VAT 1 – main registration form signed by the representative member

  2.  

    •     VAT 50 – signed by either the applicant company or the person controlling

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