Discussion
Looking for some advice here but please bear with me.
3 people are partners in a business (not a Ltd. Co.) and so all 3 are Self Employed and have to submit Partnership and Personal returns to HMRC.
If one of the partners has other business interests, such as BTL and it is found that they are nor disclosing the correct level of income and therefore not paying the correct tax on this would the other 2 Partners be responsible if the BTL partner does not pay?
3 people are partners in a business (not a Ltd. Co.) and so all 3 are Self Employed and have to submit Partnership and Personal returns to HMRC.
If one of the partners has other business interests, such as BTL and it is found that they are nor disclosing the correct level of income and therefore not paying the correct tax on this would the other 2 Partners be responsible if the BTL partner does not pay?
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