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Taking over a business as a going concern, when do I register for VAT?

If you buy a VAT registered business as a going concern, you must be registered for VAT when you buy that business - at the time of sale.

If you are not registered for VAT, the seller must add VAT to the price you pay for the business as if you were buying the assets alone and you will not be able to reclaim this VAT.

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The content and advice is for information only. Last updated 26.07.2009.

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