VAT Conditions for Change of Legal Entity

• The business will send in its first VAT return to HM Revenue & Customs, with all the VAT due for the whole of the period shown on the form
• The business will send in any outstanding returns which are due from the previous business entity
• The business will pay HM Revenue & Customs any VAT due on supplies made by the previous business entity before the change of legal entity - including any VAT on stocks and assets kept by the previous business entity
• The business agrees that any VAT return made by the previous business entity for a period after the date the change of legal entity took place will be treated as made by the business; and
• The business will have no right to claim any money paid by HM Revenue & Customs to the previous business entity, before the change of legal entity.