Course description
Buying or selling a business usually involves significant sums of money. Ensuring that suppliers apply the correct VAT liability, and that the receiving business recovers the correct amount of VAT as input tax are vitally important.
In this virtual classroom seminar, find out why it makes a difference if the transaction involves shares or assets.
Join Gwen Ryder as she discusses raising capital, reclaiming the VAT charged on costs and fees, and the Transfers of Going Concerns. The VAT Capital Goods Scheme will also be explored in detail, along with selling cross border from the UK and the VAT Reverse Charge.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Buying or selling a business usually involves significant sums of money. Ensuring that suppliers apply the correct VAT liability, and that the receiving business recovers the correct amount of VAT as input tax are vitally important.
In this session, find out why it makes a difference if the transaction involves shares or assets.
- For vendors: is output tax due?
- For purchasers: has VAT been charged correctly? if so, is it deductible as input tax?
- For intermediaries and advisors: exempt financial services? Or not?
What You Will Learn
This live and interactive course will cover the following:
- Buying and selling a business: asset or share sale?
- Due diligence questions and tax warranties for buying and selling by way of shares
- Raising capital
- Share issues v share sales
- What are exempt financial services?
- Specific and open mandates
- Can I reclaim the VAT charged on costs and fees?
- Important points for all
- The position of holding companies
- The position for VAT groups
- Transfers of Going Concerns (TOGCs)
- All the conditions and contract considerations for buyers and sellers
- Extra steps for TOGCs containing property, or property only TOGCs
International Aspects
- Selling cross border from the UK- shares and assets
- Brief rules for the overall considerations
- Different rules for goods and services
- The VAT Reverse Charge
Partial exemption and the VAT Capital Goods Scheme
- A round up of implications for sellers and buyers
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...