What main forms could a collaboration agreement take?

A collaboration could take the form of:

  • A joint operation, where two or more organisations perform functions contributing to a project. Sometimes known as “JANE” (Joint Activity, Not an Entity)
  • A joint venture, where a new entity may be created, owned and controlled jointly between collaborating organisations. Though this does not need to be incorporated, if it amounted to a partnership then the joint venture would be a separate entity for VAT purposes and may need to register for VAT

Each of these have considerations with regards to VAT and whether a separate legal entity is being formed, so professional advice should be taken and due diligence carried out in either case

Want to discuss further?

Helen Elliott

Partner

Ross Palmer

Senior Tax Manager

Gillian McKay

Senior Tax Manager

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