VAT on Business Sales, Acquisitions & Mergers - Transfers of Assets & Going Concerns

Introduction

Buying or selling a business usually involves significant sums of money. Ensuring that suppliers apply the correct VAT liability, and that the receiving business recovers the correct amount of VAT as input tax are vitally important.

Does it make a difference if the transaction involves shares or assets? Well, yes!

This webinar concentrates on transfers of assets.

For details regarding share sales, please see VAT on Business Sales, Acquisitions & Mergers - By Way of Share Sales - Webinar.

What You Will Learn

This webinar will cover the following:

• The starting point - Key questions
• For vendors - Is output tax due?
• For purchasers - Has VAT been charged correctly? If so, is it deductible as input tax?
• Transfers of Going Concerns (TOGCs)
• What constitutes a sale of assets on which VAT must be charged? UK and cross border
• All the conditions required for VAT free TOGC status
• Contract and warranty considerations, and timings for buyers and sellers
• Extra steps for TOGCs containing property, or property only TOGCs
• Can I reclaim the VAT charged on costs and fees?
• Important points for all
• The position of holding companies
• The position for VAT groups and anti-avoidance legislation
• Importing advisory and other services from outside the UK - The reverse charge
• Partial exemption and the VAT Capital Goods Scheme (CGS)
• A round up of implications for sellers and buyers
• The extra step

This pre-recorded webinar will be available to view from Friday 7th March 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.