If assets of a business are put to private use, or other than for a purpose of the business, there is a supply of services for VAT purposes (VATA 1994, Sch. 4, para. 5(4)). The value is determined under VATA 1994, Sch. 6, para. 7 (¶14-600).

The VAT liability on such a supply depends on whether the person carrying on the business, or any of his ‘predecessors’, has or will become entitled to reclaim input tax on the goods.

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