An Intelligent approach to TOGCs and VAT Groups?
Although it is rather an oversimplification, the general rule used to be that you ignore what happens inside a VAT group and pretend it doesn't happen…
Published 16 March 2016
Our analysis as to how today's budget affects the business community is below. We think the two biggest changes will be the reduction of CGT rates and an increase in SDLT for large commercial purchases. The simplification of the use of corporation tax losses will make life a lot more straight forward and avoid trapped losses.