Commentaries

VAT Memo


PART 8
Business situations

 CHAPTER 1  Commencing and ceasing a business 

8550
Special rules apply on the commencement and cessation of a business to ensure that traders are not unduly discriminated against during these periods. The intention is to enable a smooth entry into, or exit from, the mainstream VAT regime.
Additionally, there are certain issues that will arise on:
-  a sale or purchase of a business; and
-  the death, insolvency or incapacity of a trader.
 

 SECTION 1  Commencement of a business 

...

Login with your username and password to access this content.

Free online demonstration

Discover all the possibilities of this online solution with a free, no obligation demonstration. A member of the team will take you through its features and benefits absolutely free of charge. No risk, no strings, no charge.

Annual subscription

I'd like to take out an annual subscription for just £577 + VAT

Price: £577 + VAT