Partnership Registration

Partnership Registration

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I have two new clients (mother and daughter) both registered as self employed, paying class 2 NIC's but have been operating as an informal partnership since 6 April 2013 which they have not registered with HMRC. I can't see any time limits for notifying the registration of the partnership on HMRC website and would there be any penalties for late notification?

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Teignmouth
By Paul Scholes
24th Apr 2014 20:22

Pretty sure it's 5 October 2014

I'm pretty sure it follows the same regs as registering self employed, ie 5 October after tax year end.

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Replying to jcace:
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By SAM1965
24th Apr 2014 20:53

Thanks Paul, that's what I was hoping so we are still in time.

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