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HMRC internal manual

VAT Transfer of a going concern

HM Revenue & Customs
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Transfers and VAT Groups: when tax is due

There are two basic requirements both of which must be met.

  • the transfer of the assets must not be a taxable supply by virtue of Article 5 of the VAT (Special Provisions) Order; and
  • the acquiring company must be a member of a VAT group, which is partly exempt, or becomes partly exempt during the tax year.