VATREG36100 - Verbal notification of a change in partners: action to take
On receipt of verbal notification direct the partnership to submit a VAT2 and record the details of the notification in EF, including when the partner left and the date HMRC was notified.
Registration in the names of the partners
Where the registration is in the name of the partners changes will not be given effect without written confirmation. Once confirmation is recieved amend the register accordingly.
If the change results in one partner remaining as a sole proprietor take appropriate deregistration action in respect of the partnership and registration or reallocation action in respect of the sole proprietor
Partnership registered in a trading name
Where a partnership is registered in a trading name and a change does not result in one partner remaining as a sole proprietor, amendment of the register is not needed.
The change can be recorded by amending the original VAT 2, for example by deleting details of the partner(s), leaving the partnership. A cross-reference to the ‘Notes’ page of EF, where details of the notification, including the date partner left and the date HMRC was notified, should be made.