89.This section gives a regulation-making power to the Scottish Ministers to make provision applying the Act to cases where a business is transferred to another person as a going concern (that is, it is assumed that the business is still able to meet its financial obligations when they become due). The regulations may include provision requiring notification to Revenue Scotland, and provision treating the transferee as the original taxpayer for the purposes of the levy. These regulations are subject to the negative procedure.
Commentary on Provisions Part 4 – Administration of Levy Section 32: Transfer of business as a going concern