Purchase of a existing business by indp person

PAYE transfer mechanism on purchase of existing business

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My clients are acquring an existing business which has a PAYE scheme in place. The original PAYE scheme's staging date is of 1st of May 2017. HMRC guidance is not very clear on this issue. Some of my enquiries lead me to conclude that the same PAYE reference will transfer over and hence the same staging date etc. I am somewhat reluctant to recommend this to my client as there could be all kinds of unknown issues in the past.

Can someone help me on this please? What is the correct procedure - New scheme appication and withit new staging date or take over the existing scheme?

Many thanks in advance

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By WhichTyler
24th Apr 2017 16:38

is the business a company? If so are they acquiring shares?
If not is there a TUPE process underway?

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By JassiBhamra
24th Apr 2017 17:03

It is a partnership and yes there is TUPE process underway. My clients are partnership too.

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