Sale of stock

UK Discussion in 'UK Accountancy' started by kssoni, Sep 11, 2012.

  1. kssoni

    kssoni

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    Hi

    We have sold restaurant business. We got valuation of stock [food & drinks] for £13K Do we have to raise invoice for for sale of stock? I mean do we have to charge them £13K+VAT to new owner for stock and pay back VAT to HMRC or can i just ask for £13K and post cash recived for sale of stock.

    Could someone please suggest on how it should work.

    kssoni
     
    kssoni, Sep 11, 2012
    #1
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