- Legal ownership transfer is not required for a taxable supply; economic power of disposal suffices.
- VAT was correctly levied on the economic transfer of assets to a sister company.
- Mandatory reporting procedure does not apply as the acquirer was not, and did not become, liable to pay tax at the time of transfer.
- The FTA correctly handled the offset for “Maison sales” of the restaurant business.
- The appeal is only upheld for 2013 and 2014 due to the statute of limitations; otherwise, it is dismissed.
Source: bvger.weblaw.ch
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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