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Group VAT

Group VAT

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A parent company incurred transaction costs in settin up a new company structure which involves a parent company which owns two subsidiaries that in turn own the operating company.

The operating company is vat registered, but can we group these companies to enable the VAT to be reclaimed from the restructuring?

THanks
Richard Jones

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By theaardvark
29th Sep 2006 15:00

Yes.
Yes you can, and this is a common reason for group registration.

However, HMRC have on some occassions been refusing to allow non-trading holding companies into VAT groups. The application of this approach seems to be uneven though.

Regards

Paul Taylor
Dains

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