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Partnership to LTD in a VAT Group

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Hi,

Looking for some guidance on the following if possible as cannot find anything on HMRC -

If a partnership in a VAT group changes to a Limited Company, are they able to do this without leaving the VAT group?

If so how would they go about this. If not what would be their option?

Thanks in advance.

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chips_at_mattersey
By Les Howard
23rd Jul 2021 16:19

I would include the NewCo in the Group before transferring the partnership business into NewCo. Use the usual form to include NewCo. And then create a suitable transfer agreement between the partnership and NewCo.

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