![]() The Partnership Tax Return form 2021 for the year ended 5 April 2021 (SA800 2020-21) can be accessed here. Each partner will need to enter their profit share. The individual details will need to be completed for every partner. ![]() Individual partner details – boxes 6 – 10 and Profit box 11 ![]() It is advisable to speak to an accountant regarding boxes 4 and 5. There are some complex rules regarding mixed partnerships. The details are transferred from the boxes we have already looked at. mixed partnerships – Boxes 1 – 5 and A – 11 This figure will often be the same as box 3.26. These boxes can be used if the partnership turnover was less than £85,000. You will probably need the services of an accountant to deal with areas like this.Ĭapital allowances – Boxes 3.24 through to 3.25 If any capital allowances are claimed they need to be entered here. For example, the year ending 31 March 2018 will start on 1 April 2017 and finish on 31 March 2018.īoxes 3.7 Date of commencement (if after 5 April 2015) and 3.8 Date of cessation (if before 6 April 2016)Ĭapital allowances – Boxes 3.13A through to 3.23 These are the dates that the accounting period starts and finishes. Name of business – Boxes 3.1 Name of business and 3.2 Description of partnership trade or professionĪn example of the trade or profession could be hairdressing. The key parts of the partnership return which need to be completed are: Box to be completed
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |