Special rules provide that the sale of assets as part of a TOGC is not treated as a supply of goods or services for VAT purposes (VATA 1994 s 49; the Value Added Tax (Special Provisions) Order 1995 SI 1995/1268 article 5; the VAT Regulations SI 1995/2518 reg 6).
The TOGC provisions have two main purposes:
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Special rules provide that the sale of assets as part of a TOGC is not treated as a supply of goods or services for VAT purposes (VATA 1994 s 49; the Value Added Tax (Special Provisions) Order 1995 SI 1995/1268 article 5; the VAT Regulations SI 1995/2518 reg 6).
The TOGC provisions have two main purposes:
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