Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Readers’ forum: Group VAT registration and partial exemption

23 May 2022
Issue: 4841 / Categories: Forum & Feedback
VAT registration

VAT registration

One of my clients has a VAT group registration in place which consists of two limited companies one trades as a funeral business and the other company trades from six florist shops. To add to the portfolio of businesses my client has bought a coffee shop – the assets and income will be included in the same company as the florist activity.

There will be no VAT charged by the seller under the transfer of going concern (TOGC) rules but the purchase includes three computers with a value of £20 000 which will only be used by the funeral business. The florist will make a hire charge of £3 000 a year to the funeral business for the use of the computers which will not be subject to VAT as an intra-group supply.

However are there any input tax issues with the...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon