Partnerships

If you're a partner in a business partnership, you need to report your share of partnership income and expenses through Self Assessment. The partnership itself must file a separate Partnership Tax Return, and each partner must then report their individual share on their person...

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When you start a business partnership, both the partnership itself and each individual partner need to register with HMRC for Self Assessment. The nominated partner—the person responsible for managing the partnership's tax affairs—handles the partnership registration, while each partner must also...

5 min read