Two man partnership becoming sole trader

VAT and PAYE housekeeping issues

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With the retirement of a partner and the remaining one continuing as soletrader, is there a simpler way to transfer the PAYE scheme and VAT registration other than by closing the old ones and then reapplying? I haven't been able to find anything re this on the .Gov websites.

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chips_at_mattersey
By Les Howard
16th Mar 2017 10:04

You need to look at the TOGC tules for the VAT issue. VAT 1 and VAT 68 to be completed.

Thanks (1)
RLI
By lionofludesch
16th Mar 2017 12:09

If I were the retiring partner, I'd insist on a new PAYE scheme.

Plus what Les says for the VAT.

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