Schedule 1, paragraph 1(2)

Where a business , or part of a business, carried on by a taxable person is transferred to another person as a going concern, the transferee is UK-established at the time of the transfer and the transferee is not registered under this Act at that time, then, subject to sub-paragraphs (3) to (7) below, the transferee becomes liable to be registered under this Schedule at that time if— the value of his taxable supplies in the period of one year ending at the time of the transfer has exceeded £90,000; or there are reasonable grounds for believing that the value of his taxable supplies in the period of 30 days beginning at the time of the transfer will exceed £90,000.

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Source: legislation.gov.uk · retrieved 2026-07-28