VAT Sole Trader AND Partnership

Woody60 · 12-05-2011 03:36PM #1

There are two guys who are presently self-employed, selling services direct to the public. They are not VAT registered as they fall below the limits.
They now want to form a partnership to run alongside their existing businesses, BUT it needs to be VAT registered.
Question: can they still run their sole traders businesses without them having to charge VAT or will they have to charge VAT on everything?

dbran · 12-05-2011 03:38PM

Hi

You can register a partnership between the two people for VAT and charge VAT as appropriate.

The new partnership would need to be in a dissimilar business to their individual sole traderships.

Kind Regards

Dbran

kennyb3 · 12-05-2011 04:34PM

dbran wrote: »

Hi

You can register a partnership between the two people for VAT and charge VAT as appropriate.

The new partnership would need to be in a dissimilar business to their individual sole traderships.

Kind Regards

Dbran

+1, think of them totally seperate. Only time they come together is when they both appear as income on your Form 11.

VAT Sole Trader AND Partnership

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