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 together with a view to profit?
● Do those persons share any net profits or losses arising from...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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 together with a view to profit?
● Do those persons share any net profits or losses arising from...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
