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What are the conditions which must be met in order for the transfer of a business to be regarded as a Transfer Of a Going Concern (TOGC) for VAT purposes?

April 26, 2017Business Conditions going Met regarded transfer VAT

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What are the conditions which must be met in order for the transfer of a business to be regarded as a Transfer Of a Going Concern (TOGC) for VAT purposes?

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There are a number of rules which determine whether or not a business transfer can be treated as a TOGC. Detailed information on TOGCs, can be found in Notice 700/9 Transfer of a business as a going concern.