The sale of land for development was ruled not to be a transfer of a going concern, leading to a VAT bill of £17m plus additional stamp duty land tax of £680,000.
Source Accountingweb
Latest Posts in "United Kingdom"
- Updated Form VAT2: Partnership Registration Now Requires Each Partner’s Date of Birth
- Lowering VAT Threshold Risks Breaching Labour’s Manifesto, Warns Self-Employed Association
- UK Court Denies Casino’s Appeal for Alternative VAT Calculation, Blocking Tax Reduction
- Looking Again At Options To Tax supplies of land or buildings
- High Court Rules Curaçao Bank Unaware of £220m VAT Fraud, Dismissing Liquidators’ Claims
