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HMRC internal manual

VAT Taxable Person Manual

Issues to consider: joint ventures and partnerships: a supply of goods or a supply of services?

If a partnership does not exist, you must then decide whether the supply in question is one of goods or of services. This is because there are very few instances where it is possible for goods to be jointly purchased and supplied - exceptions are the purchase of shares in horses, boats, or planes, which are covered in VATSC71600. In the great majority of cases, title to goods will rest with one person - the ‘leading venturer’. The leading venturer will initially purchase the goods, and other venturers will later ‘buy in’ to the purchase. In contrast, it is possible for two or more parties to jointly make a supply of services, provided that they are truly equal participants in a joint venture.