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HMRC internal manual

VAT Registration

Transfers of going concerns (TOGC): transfer of stocks and assets

If the conditions for a TOGC as set out in VTOGC are met:

  • the transfer of assets (including stock in trade and goodwill) is not a taxable supply, and
  • the transferor must not charge VAT.

This may also apply to the transfer of assets between two non-taxable persons.

(External users can find the TOGC tax manual at