VAT will do very nicely, thanks
Judge, Anthony
VAT will do very nicely, thanks - 2008 - Estates Gazette (0817) 3 May 2008, 160(1) .
Considers the circumstances under which the sale of a business is not treated as the transfer of a going concern. The recent VAT case of Tezgel v Commissioners for HM Revenue and Customs can provide useful guidance. Outlines the circumstances of the case. Considers whether arrangements for running a hotel or restaurant constitute leases or management agreements. Underlines areas of sale contracts which need close attention. Considers the period of trading after a sale after which a VAT application can be made.
TEZGEL V COMMISSIONERS FOR HM REVENUE AND CUSTOMS
England and Wales--1543-
VAT will do very nicely, thanks - 2008 - Estates Gazette (0817) 3 May 2008, 160(1) .
Considers the circumstances under which the sale of a business is not treated as the transfer of a going concern. The recent VAT case of Tezgel v Commissioners for HM Revenue and Customs can provide useful guidance. Outlines the circumstances of the case. Considers whether arrangements for running a hotel or restaurant constitute leases or management agreements. Underlines areas of sale contracts which need close attention. Considers the period of trading after a sale after which a VAT application can be made.
TEZGEL V COMMISSIONERS FOR HM REVENUE AND CUSTOMS
England and Wales--1543-