Taxation · Going Concern VAT
What is the advantage for Mabel if she sells her entire business as a going concern for value added tax (VAT) purposes?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Mabel will not have to prepare a VAT return for the period 1 to 31 March 2025
- 2The new owner must take over Mabel's outstanding VAT liabilities
- 3The new owner must take over Mabel's VAT registration
- 4No output VAT will be payable in respect of the sale of the business✓
Correct answer
No output VAT will be payable in respect of the sale of the business
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