VAT Married Couple

L

lopin

Registered User
Messages
49
My business VAT number is currently registered in my name, but my wife and myself own the business 50/50 as sole traders. We both work in the business full time. Our bank account is in both our names.
I want to get a card terminal for the business, however when a rep that called to sign me up has advised me that I need to get a VAT number for a partnership as the banking is in both our names. I always though that my VAT number covered us both.
Can anyone advise. Thanks
 
You should have a VAT number for the partnership and file a Form Firms 1 each year.

It's a seperate entity for tax purposes.
 
You must log in or register to reply here.
Back
Top