Hi All,
Can someone tell me how to inform HMRC about VAT if the business is sold as a going concern ( TOGC). My question is do I declare the proceeds of the sale on the vat return as exempt ( T9) or some other way. Thanks in advance.
TAXSAVA - Accountancy & Bookkeeping Services
Bik said:
“ Hi All, Can someone tell me how to inform HMRC about VAT if the business is sold as a going concern ( TOGC). My question is do I declare the proceeds of the sale on the vat return as exempt ( T9) or some other way. Thanks in advance. ”
Hi there,
I would enter it onto the VAT return as outside the scope, T9 as this link from HMRC seems to suggest.
https://www.gov.uk/hmrc-internal-manuals/vat-transfer-of-a-going-concern/vtogc2050
Pauline
Thank you Pauline.
