Limited Liability Partnership LLPUnited Kingdom
What it takes to form, own and run a limited liability partnership in United Kingdom, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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but they are not personally liable for any debts the business cannot pay.
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two or more persons associated for carrying on a lawful business with a view to profit must have subscribed their names to an incorporation document
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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You must have at least 2 ‘designated members’ at all times
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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(d) state the address of that registered office,
Each year, at the registry
- Annual registry fee
- GBP 50 (about €59)
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LLP confirmation statement fee (with your first statement in the 12 month
- Accounts on the public record
- Small exempt
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All LLPs must file their accounts at Companies House.
- Audit for a small company
- Not required
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Small LLPs can also usually claim exemption from audit and submit unaudited accounts - if they meet the qualification criteria.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the LLP are in our records.
What is public
Not in our records What the register shows the public is not in our records for the LLP.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
Each member pays tax on their share of the profits, as in an ordinary business partnership.
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Each member pays tax on their share of the profits
Special regimes that may apply
- Freeport tax sites free zone
Companies incurring qualifying expenditure on plant, machinery or non-residential buildings in, or acquiring land in, a designated freeport tax site Capital Allowances Act 2001 s. 45O (plant and machinery) and s. 270BNA (structures and buildings); Finance Act 2003 s. 61A and Sch 6C (SDLT relief); sites designated by regulations under FA 2021
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in United Kingdom
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary strike-off: a majority of the members apply to the Registrar of Companies on form LL DS01 (online or by post); Companies House publishes a notice in the Gazette and, if there is no reason to delay, strikes the LLP off not less than 2 months after that notice; a second Gazette notice records the dissolution.
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The application needs to be made by the majority of the LLP’s members.
- Statutory fee
- GBP 13 (about €15)
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It costs £13 to apply to strike off an LLP online.
Every business in United Kingdom
VAT
- Standard rate
- 20%
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The standard VAT rate is 20%
- Other rates
- 5% Some goods and services, for example, children's car seats and home energy
- 0% Zero-rated goods and services, for example, most food and children's clothes
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Reduced rate 5% Some goods and services, for example, children’s car seats and home energy Zero rate 0% Zero-rated goods and services, for example, most food and children’s clothes
- Registration threshold
- GBP 90,000 · about €105,690
taxable turnover; also registration if taxable turnover is expected to go over the threshold in the next 30 days; 12 months rolling
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your total taxable turnover for the last 12 months goes over £90,000 (the VAT threshold)
- Voluntary registration
- Yes
A business with turnover below £90,000 may choose to register voluntarily.
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You can choose to register for VAT if your turnover is less than £90,000 (‘voluntary registration’).
- A foreign company
- Registers from its first taxable supply; no local representative required
A business based outside the UK must register regardless of taxable turnover if it supplies any goods or services to the UK, or expects to in the next 30 days. Appointing a tax representative is optional, though HMRC can direct some non-established taxable persons to appoint one.
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You must also register (regardless of taxable turnover) if all of the following are true: you’re based outside the UK
- Returns filed
- Quarterly
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You usually need to send a VAT Return to HMRC every 3 months.
- Tax authority
- Registration page read 2026-10-22
Portals and registers
- Business registerCompanies House
- Tax authorityHM Revenue & Customs (HMRC)
- Tax treatiesHM Revenue & Customs – Tax treaties and double taxation
Payment and banking services
4 services name United Kingdom on their own list: Paysera, Airwallex, Stripe, Revolut. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Liability Partnership (LLP)
- ISO 20275 code
- Z0EYSecondary GLEIF, Entity Legal Forms code list