VAT & Corporate Transactions

Introduction

Buying or selling a business often represents important milestones in business lifecycles and can involve significant sums of money. With the current rate of VAT at 20%, ensuring that suppliers apply the correct VAT liability and that the business recovers or incurs the correct amount of VAT is vitally important.

What You Will Learn

This introductory short webinar will cover the following:

Why does VAT matter?

• For vendors: is output tax due? How do other taxes interact with the transaction?
• For purchasers: Is VAT chargeable? If charged, is it deductible?
• For intermediaries: What is the correct VAT liability of intermediation for financial services?
• For advisers: Getting the VAT right on your client's big ticket deal is crucial, whether regarding the deal itself or services supplied in relation to it

VAT Issues & Business Sales

• Buying and selling a business: asset or share sale?
• What are financial services?
• Liability of Intermediation services
• Transfer of going concern issues
• Difficult areas: economic activity including holding companies, raising capital, share issues, mergers, defence costs, inducements, who supplies whom, recovering input VAT on third party costs (like reports for banks), who supplies whom, VAT group effects?

This webinar was recorded on 11th May 2018