Following a pre-pack administration in company A, company B (connected to A), agrees with the liquidator to purchase the debtor book as he will have an ongoing relationship with the customers.
The VAT has been declared on those sales in Company A, albeit that the VAT liability will go mostly unpaid due to the insolvency, does Company B have any VAT liability when they collect those debts? The amount collected will of course include the VAT. No VAT invoice has been given to B by the administrator, would they do that anyway?