- MemberAugust 11, 2005 at 1:31 pm
This sounds funny to me.
Sure, if you are a sole trader, then it is you personally that are registered so everything you do will be liable for VAT.
But you might be a sleeping minority partner in another enterprise and have absolutely no control over the day to day running of it, and if the turnover is below the threshold how can HM Jackals force registration on your other partners?
Apart from that, in your case, I don’t see how you can separate the two partners. A VAT registration would have to be in the full legal title, that is Mr. and Mrs. Taraswolf trading as Signs n GFX. Joint and several liability and all that.
Find answers, ask questions, connect with our community.