Scottish qualifying partnership
A general partnership under Scots law in any period when it is a qualifying partnership, broadly one whose partners are all limited companies or similar bodies. It has legal personality as a Scottish firm.
- Entiva fee to form
- $569
- Government fees to form
- £176
- Run plan
- $79 a month
- Steps to form
- 7
- Ongoing filings
- 4
- Ways to close
- 3
Who it suits, and what defines it.
Governed by the Partnership Act 1890 and the 2017 PSC Regulations.
Who it suits
- Scottish partnerships whose partners are all limited companies or similar bodies.
Key facts
- Legal personality
- A legal person, as a Scottish firm
- Qualifying partners
- All limited companies or similar bodies
- Register within
- 14 days of qualifying
- Registration
- Form SQP1, £124 on paper
- Control disclosure
- People with significant control, forms SQP PSC01 to PSC09
- Changes
- Notified within 14 days on SQP2
- Confirmation statement
- SQP CS01 at least once a year
- Law
- Partnership Act 1890 and the 2017 PSC Regulations
What the law requires.
7 rules, each in plain words.
Registration with Companies House on form SQP1
It is due within 14 days of becoming a qualifying partnership, on formation or when its partners or their partners change.
People with significant control registered
The partnership identifies these people (PSCs) and registers them on forms SQP PSC01 to PSC09.
Changes notified within 14 days
Form SQP2 is filed within 14 days of becoming aware of a change.
An annual confirmation statement
Form SQP CS01 is filed at least once a year.
Paper forms go to Companies House Edinburgh
The filings are public.
Ceasing to qualify is separate from ending
A partnership can stop qualifying and keep trading.
A different tax return deadline for some partner companies
If a corporate partner's accounting date is 1 February to 5 April, the return is due 12 months after it online or 9 months after it on paper.
How Entiva forms it.
7 steps. Entiva prepares and files each one, and collects every signature the law needs.
The steps
7 steps- 1Adopt the partnership agreement
Strongly recommended.
- 2Register the partnership with Companies House
Form SQP1 within 14 days of becoming a qualifying partnership. Government fee: £124 on paper.
- 3Deliver the PSC information
Forms SQP PSC01, PSC02 or PSC03 for each person with significant control.
- 4File a PSC statement if needed
Form SQP PSC08 where there is no PSC or information is outstanding.
- 5Pay the data protection fee
Paid to the Information Commissioner's Office (ICO) before processing personal data, unless exempt.
- 6Register for VAT
Needed once taxable turnover passes £90,000. Voluntary before that.
- 7Register as an employer for PAYE
Needed once the partnership employs staff.
Documents
5- Form SQP1 for registration of a Scottish qualifying partnership
- SQP PSC01 to PSC03 forms, or the SQP PSC08 statement
- Documents for each company that is a partner
- Partnership agreement
- Companies House confirmation of registration
Who takes part
4- Each company that is a partner is checked, with its authorised signatory
- An authorised signatory signs form SQP1 and instructs Entiva
- Each individual with significant control is identified
- Individuals above a company partner who own over 25% are identified
What has to be filed, and when.
Entiva tracks every deadline from the day it is formed, and files before each one.
Every year, and as things happen
4 filings- File the SQP confirmation statement
Within 14 days after the end of each 12-month review period. Fee £110
- File the Partnership Tax Return
Online by 31 January after the tax year, or by 31 October on paper
- Prepare and publish accounts of a qualifying partnership
Prepared and published under the Partnerships (Accounts) Regulations 2008
- Pay the data protection fee
Every 12 months, on the renewal date the ICO sets
The changes Entiva handles.
Each change is prepared, approved, signed and filed.
The most common changes
7 changes- Add a new person with significant control
- Change the registration details
- Change a PSC's details
- Record that someone has stopped being a PSC
- File a PSC statement if needed
- Update a PSC statement
- Correct an earlier PSC filing
How it closes.
3 routes. The right one depends on whether it can pay its debts, and who starts it.
Cease to be qualifying only
When the partners change so the partnership no longer qualifies but keeps trading.
- 1
Notify Companies House on form SQP3
- 2
Continue as an ordinary Scottish general partnership with HMRC filings
Dissolution
When the partners end the business.
- 1
Notify Companies House on form SQP3
- 2
Settle debts and distribute assets
- 3
Record the dissolution and file the final partnership return
- 4
Cancel the VAT registration
- 5
Close the PAYE scheme
Insolvency
When the partnership cannot pay its debts.
- 1
A practitioner is appointed
- 2
Form SQP3 is filed and HMRC registrations are closed
What Entiva does for you.
From the first filing to the last.
Scottish qualifying partnership
- Prepares form SQP1 with each partner's particulars and delivers it to Companies House.Formation
- Delivers the PSC information on forms SQP PSC01 to PSC03.Ongoing
- Files the SQP CS01 confirmation statement as a PDF upload.Ongoing
- Files form SQP3 when the partnership stops qualifying or is dissolved.Closing
- Files the Partnership Tax Return (SA800) once the nominated partner approves.Ongoing
Build it with the API.
Every step on this page is an action in the Entiva API, with its documents, signatures and filing.
What it costs, item by item.
Every Entiva fee and every government fee, from forming it to closing it.
Forming it
$569one-off
- Government fees
- £176
Closing it
From $129
- Entiva fee
- Fixed, quoted first
- Government fees
- At cost
Included in the Run plan
- File the SQP confirmation statement
- File the Partnership Tax Return
- Prepare and publish accounts of a qualifying partnership
- Routine changes
- Every deadline tracked
Extra, at a fixed fee
- Pay the data protection fee
Each extra is quoted before it starts, and nothing is done until you approve it.
Forming it
Entiva's formation fee is $569, one-off. Government fees are passed through at cost.
£124 paper fee for registration of a Scottish qualifying partnership.
Tier 1 £52; tier 2 £78; tier 3 £3,763; £5 off by direct debit.
The registration threshold is £90,000.
Excludes steps marked only if needed.
Every year
The Run plan costs $79 a month ($948 a year).
£110 with the first SQP CS01 in each 12 months from registration; further statements in the same 12 months are free.
Tier 1 £52; tier 2 £78; tier 3 £3,763; £5 off by direct debit.
Changes
Routine changes are included in the Run plan.
Closing it
Closing is a fixed-fee project, quoted before it starts.
The optional Gazette notice is £96.55 plus VAT.
Entiva fees are in US dollars. Government fees are in the currency each authority charges, passed through at cost when the filing is made. Taxes are separate.
Start with your first company.
We are onboarding a small group of founders and finance teams with entities in more than one country.