VATREG37160 - Non-established taxable persons (NETPs): transfers of a going concern
Paragraph 1(2)(b) of Schedule 1A to the VAT Act 1994 requires a person to register if they have 鈥榬easonable grounds鈥� for believing they will make taxable supplies in the next 30 days.
This does not apply if the reason for believing they will make taxable supplies is a business, or part of a business, carried on by a taxable person is to be transferred to that person 鈥� paragraph 2 of Schedule 1A.
The liability to be registered arises when the transfer takes place, provided the other conditions in paragraph 1 of Schedule 1A are met. The person (transferee) has 30 days from that date to notify HMRC.