VAT changes are good news

‘A change in VAT policy by HMRC is good news for certain property businesses according to leading accountants.

HMRC has announced a change in VAT policy in relation to the conditions for there to be a transfer of a going concern.

One source comments: “This is good news for any business that has paid VAT on the purchase of a property business they have not been able to fully reclaim, as there may now be an opportunity to apply for a VAT refund.

“More importantly, the decision means that it may also now be possible to obtain a refund of stamp duty land tax.”‘

Source: The Birmingham Post



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

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