Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

VAT Transfer of a going concern

From
HM Revenue & Customs
Updated
, see all updates

Article 5 VAT (Special Provisions) Order 1995: Has there been the transfer of a business or just a sale of assets?: customer lists, knowledge of customers and common directors

The sale of a list of previous or potential customers is a good indication that a business is being sold. However, a transfer of a customer list alone is not likely to be the transfer of a business - even in the case of a service business whose only real asset ofworth it may be.