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Partnerships and VAT

Martin Dane, Director VAT Services, BDO Stoy Hayward, points out how important it is to identify the VAT position in partnerships

 
Martin Dane Director VAT Services BDO Stoy Hayward points out how important it is to identify the VAT position in partnerships
 
This article highlights a number of key areas and I hope serves to illustrate that taking a little time to identify the VAT position and compliance needs of particular partnership structures at the planning stage will help to prevent future difficulties.
Identifying a partnership
 
In principle identifying a partnership for VAT purposes should be straightforward:
 
●     Does the business constitute two or more persons acting in business...

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