Inter-company supply tax liability: interim-period supplies count in turnover and remain taxable despite merger timing. Where an amalgamation or merger has an effective date earlier than the order date, inter-company supplies between the constituent companies during the ... Summary
Inter-company supply tax liability: interim-period supplies count in turnover and remain taxable despite merger timing.
Where an amalgamation or merger has an effective date earlier than the order date, inter-company supplies between the constituent companies during the interim period must be included in each company's turnover and are taxable; the constituent companies are treated as distinct companies until the order date and their registrations are cancelled from that date.
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