MAN (97/590)

No. 15,833

Decision given 1 December 1998.

Retail schemes – Scheme B1 – Calculation of expected selling prices of ‘goods received … for re-sale in the tax period’ – Zero-rated stock transferred as part of transfer of business as going concern – Whether stock acquired to be treated as goods received for resale in first tax period – Whether value included in calculation of price of goods received – Value Added Tax Act 1994, Sch. 11, para. 2(6); Value Added Tax Regulations 1995 (SI 1995/2518), reg. 66; Leaflet 727/8A/93.

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