– see also Discontinuance of trade or business; Discontinuance of business or trade

Ceasing to be UK resident

Commentary – Tax Reporter ¶203-150

Change of residence

Commentary – Tax Reporter ¶293-100

Class 1A contributions, payment

Legislation/Regulatory – SI 2001/1004 reg. 73

Class 1B contributions

Commentary – Tax Reporter ¶1013-050

Companies as vehicles of realisation

Commentary – Tax Reporter ¶203-050
Case Law – (1) THE COMMISSIONERS OF INLAND REVENUE v. THE WESTLEIGH ESTATES CO., LTD. (2) THE COMMISSIONERS OF INLAND REVENUE v. THE SOUTH BEHAR RAILWAY CO., LTD. (3) THE COMMISSIONERS OF INLAND REVENUE v. THE ECCENTRIC CLUB, LTD. ; ASSETS COMPANY, LIMITED, v. FORBES (Surveyor of Taxes). ; C.H. RAND (Surveyor of Taxes) v. THE ALBERNI LAND COMPANY, LIMITED. ; ST. AUBYN ESTATES, LTD. v. STRICK (H.M. INSPECTOR OF TAXES)

Company ceasing to be within income tax charge

Commentary – Tax Reporter ¶203-200

Contraction of trading activities

Commentary – Tax Reporter ¶202-600
Case Law – Gordon & Blair, Ltd. v. Commissioners of Inland Revenue ; HIGHLAND RAILWAY COMPANY v. SPECIAL COMMISSIONERS OF INCOME TAX. ; HILLERNS AND FOWLER v. MURRAY (H.M. INSPECTOR OF TAXES). ; J. & R. O'KANE & CO. v. THE COMMISSIONERS OF INLAND REVENUE. ; North Central Wagon and Finance Co., Ltd. v. Fifield (H.M. Inspector of Taxes) ; Rolls-Royce Motors Ltd. v. Bamford (H.M. Inspector of Taxes) ; SCALES (H.M. INSPECTOR OF TAXES) v. GEORGE THOMPSON & COMPANY, LIMITED. ; THE GLOUCESTER RAILWAY CARRIAGE AND WAGON CO., LTD. v. THE COMMISSIONERS OF INLAND REVENUE.

Date of cessation

Commentary – Tax Reporter ¶202-550
Case Law – Aproline Ltd v Littlejohn (HMIT) ; COMMISSIONERS OF INLAND REVENUE v. NELSON ; J. & R. O'KANE & CO. v. THE COMMISSIONERS OF INLAND REVENUE. ; THE COMMISSIONERS OF INLAND REVENUE v. THE 'OLD BUSHMILLS' DISTILLERY CO., LTD. (IN LIQUIDATION). ; THE HUDSON'S BAY Co., LTD., v. STEVENS (Surveyor of Taxes).

Death of a trader

Commentary – Tax Reporter ¶202-850

Deemed supply

De-grouping, registration

Commentary – VAT Reporter ¶43-480

Generally

Commentary – VAT Reporter ¶7-275

Goods

Commentary – VAT Reporter ¶13-985

Value of supply

Commentary – VAT Reporter ¶14-600

Evidence for change of trade

Commentary – Tax Reporter ¶202-700

Factual

Commentary – Tax Reporter ¶202-575

Farmers

Commentary – Tax Reporter ¶202-500

First year of trading

Commentary – Tax Reporter ¶230-100

Generally

Commentary – VAT Reporter ¶7-275
Legislation/Regulatory – SI 2001/4027 reg. 5

Gift of property

Commentary – 9.5

Goods, deemed self-supply

Legislation/Regulatory – Dir. 2006/112 art. 18(c)

Importance of

Commentary – Tax Reporter ¶202-500

Partnership dissolution

Commentary – Tax Reporter ¶202-950
Case Law – HILLERNS AND FOWLER v. MURRAY (H.M. INSPECTOR OF TAXES). ; J. & R. O'KANE & CO. v. THE COMMISSIONERS OF INLAND REVENUE.

Partnerships

Change in partners

Commentary – Essential Tax Companion ¶62110

Terminal loss relief

Commentary – Essential Tax Companion ¶62140

Payments to employees

Commentary – Tax Reporter ¶208-200 ; Tax Reporter ¶707-390
HMRC Guidance – BIM38300
Case Law – Godden (H.M. Inspector of Taxes) v. A. Wilson's Stores (Holdings), Ltd. ; THE COMMISSIONERS OF INLAND REVENUE v. THE ANGLO BREWING CO., LTD.

Personal representatives trading

– see Personal representatives

Post-cessation receipts

– see Post-cessation receipts

Post-cessation relief

– see Post-cessation relief

Realisation of capital assets

Commentary – Tax Reporter ¶202-550
Case Law – Aproline Ltd v Littlejohn (HMIT) ; COMMISSIONERS OF INLAND REVENUE v. NELSON ; J. & R. O'KANE & CO. v. THE COMMISSIONERS OF INLAND REVENUE. ; THE COMMISSIONERS OF INLAND REVENUE v. THE 'OLD BUSHMILLS' DISTILLERY CO., LTD. (IN LIQUIDATION). ; THE HUDSON'S BAY Co., LTD., v. STEVENS (Surveyor of Taxes).

Realisation of stock

Commentary – Tax Reporter ¶202-550
Case Law – Aproline Ltd v Littlejohn (HMIT) ; COMMISSIONERS OF INLAND REVENUE v. NELSON ; J. & R. O'KANE & CO. v. THE COMMISSIONERS OF INLAND REVENUE. ; THE COMMISSIONERS OF INLAND REVENUE v. THE 'OLD BUSHMILLS' DISTILLERY CO., LTD. (IN LIQUIDATION). ; THE HUDSON'S BAY Co., LTD., v. STEVENS (Surveyor of Taxes).

Repayment of tax deducted

Commentary – 11.7

Retention of goods, value of supply

Legislation/Regulatory – Dir. 2006/112 art. 74

Sale of stock

Commentary – Tax Reporter ¶203-100
Case Law – (1) SETHIA v. JOHN (H.M. INSPECTOR OF TAXES) (2) SETHIA v. COMMISSIONERS OF INLAND REVENUE ; BAKER (AS LIQUIDATOR OF FIRST NATIONAL PATHE, LTD.) v. COOK (H.M. INSPECTOR OF TAXES) ; COMMISSIONERS OF INLAND REVENUE v. NELSON ; PARKER v. BATTY (H.M. INSPECTOR OF TAXES) BATTY (H.M. INSPECTOR OF TAXES) v. PARKER ; SOUTHERN (H.M. INSPECTOR OF TAXES) v. COHEN'S EXECUTORS

Second year of trading

Commentary – Tax Reporter ¶230-200

Short of liquidation, bad debt relief

Case Law – Colossum Software Ltd. [1991] BVC 629

Stock held, deemed supply

Legislation/Regulatory – VATA94 Sch. 4, para. 8

Stock valuation

Commentary – Essential Tax Companion ¶5710

Transfers to a company

Commentary – Tax Reporter ¶202-900
Case Law – Bradshaw v. Blunden (H.M. Inspector of Taxes) ; Leach v. Pogson (H.M. Inspector of Taxes) ; PARKER v. BATTY (H.M. INSPECTOR OF TAXES) BATTY (H.M. INSPECTOR OF TAXES) v. PARKER ; SOUTHERN (H.M. INSPECTOR OF TAXES) v. COHEN'S EXECUTORS ; Seaward and Others v. Varty (H.M. Inspector of Taxes)

Transfers, trading receipts

Commentary – Tax Reporter ¶222-150 ; Tax Reporter ¶709-060
Case Law – Rafferty v R & C Commrs

VAT due on rent

Commentary – VAT Reporter ¶19-140 ; VAT Reporter ¶44-030