[PCM LTD]

Hi,
I'm selling part of my round. My question is..... Is this sale subject to VAT?  Yes I am VAT registered.

[chris turner]

Buying a round is not considered tax deductible as your buying "goodwill".
So surely selling can not be tax/vat deductible as your only selling goodwill!

[PCM LTD]

This is what I thought but because I'm not selling my whole round/business is this still classed as goodwill?

[Scrimble]

ask your accountant

[Tom-01]

Buying a round is not considered tax deductible as your buying "goodwill".
So surely selling can not be tax/vat deductible as your only selling goodwill!

I'm pretty sure if you're buying a 'database' it's different?

[PCM LTD]

Hi,
Just thought I would post the answer to my own question after talking to HMRC & my accountant. It may be helpful to anybody else who finds themselves in the same position.

""Also I have got a bit further with your query relating to part sale of window cleaning round. It basically depends on whether or not the purchaser is VAT registered. If they are VAT registered then no VAT needs to be charged. However if they are not VAT registered then VAT needs to be charged.""