Please prepare a memorandum for the client files which addresses the following issues:

(b) Group registration for the purposes of value added tax (VAT)
By reference to the specific information in my memorandum only, set out the matters which will need to be considered when deciding which of the companies should be included in a group registration.

Required: Prepare the memorandum as requested in the email from your manager. 
The following marks are available:

(b) Group registration for the purposes of value added tax (VAT).           (5 marks)