VPDS051200 | Vaping Products Duty and Vaping Duty Stamps: Approvals - general: Transfer Of a Going Concern (TOGC): Impact on business transfers

When a business (including assets, liabilities, and obligations) is sold or transferred to a new owner; existing approvals do not transfer if the sale is between different legal entities (For example, sole proprietor to partnership or limited company).

There is an exception if the legal entity remains the same (For example, transfer of company shares), the approval continues—see section on limited company ownership changes below at VPDS051600.