Verbal notification of a change in partners: introduction
Under the Partnership Act 1890, verbal notification of a change of partners is sufficient for determining when and whether a partner is liable for the actions of the partnership. The VAT Regulations 1995, regulation 5(2) requires notification in writing of any variation which necessitates a change to the VAT register.
Any partnership change will have assessment and debt management implications. So it is essential that any verbal notifications of changes are clearly recorded in EF.