49 Transfers of going concerns
Value Added Tax Act 1994 (1994 c 23) | Legislation

49  Transfers of going concerns

(1)     Where a business[, or part of a business,] carried on by a taxable person is transferred to another person as a going concern, then—

(a)     for the purpose of determining whether the transferee is liable to be registered under this Act he shall be treated as having carried on the business [or part of the business] before as well as after the transfer and supplies by the transferor shall be treated accordingly; . . .

(b)     . . ..

(2)     Without prejudice to subsection (1) above, the Commissioners may by regulations make provision for securing continuity in the application of this Act in cases where a business[, or part of a business,] carried on by a taxable person is transferred to another person as a going concern and the

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