(LON/95/2986) No. 14,642.

Decision given 18 December 1996.

Transfer of business as going concern – Assessment issued to recover input tax allegedly incorrectly claimed – Assessment notified to transferor – Transferor bankrupt – Assessment re-issued to transferee – Whether assessment validly made – Value Added tax Act 1983, s. 33 and Sch. 7, para. 4(1) and (9) (Value Added Tax Act 1994, s. 49 and 73); Value Added Tax (General) Regulations 1985 (SI 1985/886), reg. 4(7), 58(1) and 60 (Value Added Tax Regulations 1995 (SI 1995/2518), reg. 6(3), 25 and 40); Directive 77/388, the sixth VAT directive, art. 5(8).

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