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Create a limited liability partnership with NETP registration: a NETP is a non-established taxable person that usually is not a UK resident, does not have a place of business within the UK, does not have an LLP incorporated in the UK but makes taxable supplies within the UK.
NETP can register for VAT directly with Aberdeen (050 traders), through a UK tax representative or through a UK agent, like Coddan Ltd.
Section 48 (3)(c) of the VAT Act 1994 states:
48 (3) Where any person is appointed by virtue of this section to be the VAT representative of another (his principal), then, subject to subsections (4) to (6) below, the VAT representative;
(c) Shall be personally liable in respect of
(i) any failure to secure his principal’s compliance with or discharge of any such obligation or liability; and
(ii) anything done for purposes connected with acting on his principal’s behalf as if the obligations and liabilities imposed on his principal were imposed jointly and severally on the VAT representative and his principal.
One should only take action against a VAT representative when they can take no further action against a taxable person and when a debt that the VAT representative is liable still remains unpaid. A VAT representative's status can be verified by the VAT 1TR or by a signed letter of the authorised officer that confirms the official status. One should usually notify a VAT representative of their liability under the Act when they are to start proceedings against a taxable person. A NETP may decide to appoint an agent to act on their behalf in the UK. The taxable person should know that the UK agent is not liable for any debts. If you wish to create a limited liability partnership with NETP registration, please contact us today!