Donate SIGN UP
Home > Business & Finance > Business > VAT on salee of business stock

VAT on salee of business stock

Avatar Image
Misstoddler | 16:57 Fri 30th Mar 2012 | Business
1 Answers
I am in the throws of selling my business as a going concern. It is being structured as an asset sale, the main two assets being goodwill (website, customer database, brand, etc) and stock. We have agreed a total consideration for this sale. I am VAT registered and thus originally claimed the VAT back on the sale of that stock. Do I now have to charge VAT on the stock element of the assets being sold? Asked two accountants - one said yes, one said no!!
prev Inappropriate Bank Account
  
next my business partner wishes to leave the business
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by Misstoddler. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image buildersmate
Ask a third accountant, then. It'll be 2-1 then.
21:14 Fri 30th Mar 2012

Only 1 answerrss feed

Do you know the answer?

VAT on salee of business stock

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.