Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Partnership definition

What does Partnership mean? A partnership is the common business arrangement where two or more persons run a business together for profit, usually under a firm name and often governed by a partnership agreement. In partnership law, this is the general partnership. The core legal definition comes from the Partnership Act 1890 (PA 1890): the relation subsisting between persons “carrying on a business in common with a view of profit.” Key legal features include: - Agency: each partner is an agent of the firm in the ordinary course of business. - Liability: partners have unlimited liability for partnership debts (joint in England & Wales and Northern...

Partnerships and UK VAT: Existence, Registration of General, Limited, Scottish and LLPs, VAT Groups, Partner Liability, and VAT on Contributions, Distributions, Land, Capital Goods and Partnership Interest Transfers

Published by a LexisNexis Tax expert

Practice notes

This Practice Note discusses:

the precise nature of a Partnership, and why this status can be especially significant and relevant in a VAT setting
how a General partnership, limited partnership, Scottish partnership, and a limited liability partnership (LLP) ought to register for VAT
the situations in which partnerships may qualify to join a VAT group
the extent to which partners are responsible, where applicable, for VAT due from the partnership
the VAT effects of dealings between partners and the partnership, in particular:
- moving assets into or out of the partnership, and
- transferring an existing partnership interest itself

This Practice Note cites relevant case law from the EU Court of Justice. For guidance on whether and to what extent judgments of the Court of Justice bind the UK courts, see Practice Note: Assimilated law—Assimilated case law. For guidance on assimilated law (formerly retained EU law) and tax more broadly, including the bespoke approach that has been introduced for VAT law, see Practice Note: Assimilated law and tax...

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Web page updated on 28/05/2026

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