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Post Info TOPIC: Partnerships
Rhianrach


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Partnerships
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If someone enters into an already established partnership do they have to draw up an agreement and do they have to let HMRC know?



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Steve
NickCraggs


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Hi

They don't have to have an agreement (although it is a good idea) if they don't then the partnership act of 1890 comes into effect.

They need to tell HMRC that they are self employed if they haven't already.

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Rhianrach


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Thanks Nick.

Am I alright to let HMRC know as an employee or is it for them to do?

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Steve
Truemanbrown


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The new partner should do it by the completing and submitting the Form CWF1.

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Rhianrach


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Thanks, they are asking me to do it but being sketchy with the details, I don't really want much to do with it so I shall let them know they have to sort it :)

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