F1SCHEDULE 3A Registration in respect of disposals of assets for which a VAT repayment is claimed
Supplementary
9
(1)
For the purposes of this Schedule a supply of goods is a relevant supply where—
(a)
the supply is a taxable supply;
(b)
the goods are assets of the business in the course or furtherance of which they are supplied; and
(c)
the person by whom they are supplied, or a predecessor of his, has received or claimed, or is intending to claim, a repayment of VAT on the supply to him, or the importation by him, of the goods or of anything comprised in them.
(2)
In relation to any goods, a person is the predecessor of another for the purposes of this paragraph if—
(a)
that other person is a person to whom he has transferred assets of his business by a transfer of that business, or part of it, as a going concern;
(b)
those assets consisted of or included those goods; and
(c)
the transfer of the assets is one falling by virtue of an order under section 5(3) (or under an enactment re-enacted in section 5(3)) to be treated as neither a supply of goods nor a supply of services;
and the reference in this paragraph to a person’s predecessor includes references to the predecessors of his predecessor through any number of transfers.
(3)
The reference in this paragraph to a repayment of VAT is a reference to such a repayment under a scheme embodied in regulations made under section 39.