Transfer Of Going Concern. Vtogc2100 what is the transfer of a business as a going concern for vat purposes. Transfer of a business as a going concern request for transfer of a registration number important.
The following situations may be transfers of a going concern. Where the togc rules apply the sale of the property falls outside the scope of vat. L you must complete this form if you want to keep the registration number of the previous owner.
The togc rules allow a business to be transferred without vat being charged.
This treatment applies when. Where the togc rules apply the sale of the property falls outside the scope of vat. Sale of payroll goodwill under the transfer of a going concern this transactions is vat exempt providing all conditions are met. Transfer of a going concern normally the sale of the assets of a vat registered or vat registrable business will be subject to vat at the appropriate rate.