TOGC ― other related issues

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note looks at a number of issues associated with transfers of going concerns (TOGCs), specifically:

•
the capital goods scheme (CGS)
•
VAT registration entitlements / obligations
•
VAT numbers
•
transferring VAT records
•
VAT groups

For an overview of TOGCs more broadly, see the TOGC ― overview guidance note.

In-depth commentary on the legislation and case law can be found in De Voil Indirect Tax Service V2.226.

How does a TOGC impact on capital goods scheme obligations?

The CGS is covered generally in the Capital goods scheme (CGS) ― overview guidance note. Broadly, it provides that for certain ‘capital items’, it’s necessary to monitor ‘use’ over a period of time to ensure that the VAT recovery initially obtained reflects the actual

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