retaining VAT number

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Kenny Logan, Associate JRW

Should you retain a vat number?

4th October 2024
When someone buys a business, they have the option of retaining the VAT number. But what are the pros and cons of doing so? Kenny Logan from our Edinburgh Office looks at the implications. If someone buys the trade and assets of a VAT-registered business, it can be treated as ‘transfer of a going concern’...