Transfer of business: joint and several tax liability for pre-transfer obligations, and transferee must update registration. Liability for tax, interest and penalties on transfer of a business is joint and several between transferor and transferee for liabilities accrued up to ... Summary
Transfer of business: joint and several tax liability for pre-transfer obligations, and transferee must update registration.
Liability for tax, interest and penalties on transfer of a business is joint and several between transferor and transferee for liabilities accrued up to transfer, whether determined before or after transfer; the transferee is liable for supplies from the transfer date and must apply within the prescribed time to amend registration if registered.
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