Do I need to inform HMRC after I incorporate my LLP?

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Hello

I’ve just received confirmation and documents from Companies House for a new LLP. I’m good to go! Next step: do I need to tell HMRC that my LLP has been incorporated? Or will they be informed automatically?

Cheers

Answers

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HMRC will be informed by Companies House that your new LLP has been incorporated, so you should receive a letter from them in a few days. This will tell you about your tax and reporting requirements.

Each member is responsible for registering themselves for Self-Assessment with HMRC. This is how they report and pay tax on their share of the business profits. A designated member will be responsible for registering the partnership itself for Self-Assessment and, if applicable, VAT and PAYE. All of this can be done online.

a year ago
 

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