Article 5

GROUP 1 – CAPITAL GOODS AND EQUIPMENT ON TRANSFER OF ACTIVITIES

Item No.

1  Capital goods and equipment imported by a person for the purposes of a business he has ceased to carry on abroad and which he has notified the Commissioners is to be carried on by him in the United Kingdom and concerned exclusively with making taxable supplies.

2  [Revoked by SI 1992/3120, art. 5(a).]

Notes:

(1)Capital goods and equipment”  includes livestock other than livestock in the possession of dealers, but does not include–

(a)food of a kind used for human consumption or animal feeding stuffs;

(b)fuel;

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.