Continuing our series of basic informative articles, Sean Finn, partner, and Mervyn Flatt, associate, Lovells, provide a guide to TOGCs and consider some of the issues that arise in practice
Continuing our series of basic informative articles Sean Finn partner and Mervyn Flatt associate Lovells provide a guide to TOGCs and consider some of the issues that arise in practice
A transfer of a going concern (TOGC) is a common form of asset transfer which is treated as not giving rise to a supply for UK VAT purposes. At first glance it appears that TOGC treatment is simple and desirable from both a financial and an administrative perspective; no VAT is chargeable and no VAT needs to be accounted for. However as this article seeks to show...
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Continuing our series of basic informative articles, Sean Finn, partner, and Mervyn Flatt, associate, Lovells, provide a guide to TOGCs and consider some of the issues that arise in practice
Continuing our series of basic informative articles Sean Finn partner and Mervyn Flatt associate Lovells provide a guide to TOGCs and consider some of the issues that arise in practice
A transfer of a going concern (TOGC) is a common form of asset transfer which is treated as not giving rise to a supply for UK VAT purposes. At first glance it appears that TOGC treatment is simple and desirable from both a financial and an administrative perspective; no VAT is chargeable and no VAT needs to be accounted for. However as this article seeks to show...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
