close
Share with your friends

VAT is normally charged on the sale of business assets. However, if a business is transferred as a going concern, then such a supply is outside the scope of VAT. A TOGC is not treated as a supply of goods or services and therefore no output tax is chargeable on the business sale thus limiting any impact on cash flow for the purchaser. For a business sale to be treated as a TOGC certain conditions need to be met.

To read the full insight, please download the pdf.