Home / Tolley's EU and Global VAT / 11 Denmark / Special schemes / Transfer of a business as a going concern (TOGC)
Commentary

Transfer of a business as a going concern (TOGC)

11 Denmark
11 Denmark | Commentary

Transfer of a business as a going concern (TOGC)

11 Denmark | Commentary

Transfer of a business as a going concern (TOGC)

Denmark has implemented the provisions of Article 19 of the Principal VAT Directive to enable the transfer of all or part of a business to be treated as not being a supply of goods for VAT purposes.

These provisions are known as the 'transfer of going concern' provisions or TOGC.

The main features of TOGC treatment are as follows:

  1.  

    •     If the relevant conditions are fulfilled (see below), TOGC treatment applies automatically.

  2.  

    •     The effect of TOGC treatment is to enable the transfer of business assets to be made without VAT applying to

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial