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Posted Fri, 22 Dec 2023 10:52:54 GMT by
Hi. The foreign company was registered for VAT UK. Then the company was acquired by a new foreign company. Is the new company obliged to register for VAT to settle sales to the UK after the acquisition? Or is it possible to settle VAT from sales to the UK through the VAT number of the acquired company? What to do if the sale of a new company to the UK was settled using the VAT number of a acquired foreign company that no longer exists? Thank you.
Posted Fri, 05 Jan 2024 10:20:20 GMT by HMRC Admin 25 Response
Hi Weronika,
There will be a requirement to register the new company for VAT if they belong in the UK and making supplies over £85K or if they belong overseas and are making any supplies in the UK.
Please see the guidance below;
Working out whether you need to register
Non-established-taxable-persons (NETPs) — basic information
Please see the guidance below which explains the conditions for taking over the VAT number from the seller.
How to apply the TOGC rules
Thank you. 


 

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