UK VAT - Transfer of a going concern
If you are selling, acquiring or otherwise transferring a business, or part of a business, special VAT rules apply in certain circumstances with the result that the sale will not be treated as a supply for VAT purposes, such that no VAT should be charged.
The sales affected are typically those where a business is sold as a ‘going concern’ or where the sale is of part of a business which can be operated separately.
Our guide outlines whether the transfer of a business, or part of a business, should be treated as the transfer of a business as a going concern (TOGC) for UK VAT purposes and so outside the scope of UK VAT.
It is important to be aware that the UK TOGC rules are mandatory and not optional - so you need to establish from the outset whether the sale is or is not a TOGC.
This guide is one of a series of guides covering UK VAT. Other guides in our series include: