Do You Need to File a Partnership Tax Return?
If you're involved in a business partnership, it's essential to understand your tax obligations. Here's what you need to know —and we're here to make the process smooth and stress-free.
You Are Required to File a Tax Return
The partnership must file a partnership tax return (SA800) if:
· You are a partner in a business partnership (including LLPs)
· The partnership had any trading or professional income
· The partnership received rental income or investment income
· The partnership made capital gains from selling assets
· The partnership had foreign income or overseas investments
· The partnership claimed expenses or reliefs
· The partnership had income from trusts or estates
· HMRC has issued a notice to file a Partnership Tax Return
Additionally, each individual partner may need to file a Self Assessment Tax Return (SA100) if they:
· Received untaxed income from the partnership
· Want to claim tax reliefs or allowances
· Have other sources of income (e.g., property, dividends, foreign income)
· Need to prove income for mortgage or visa applications
Key Deadlines for Partnership
Key Deadlines for Partnership Tax Returns
Timing matters — here are the critical dates to keep in mind:
5 October: Register the partnership with HMRC if filing for the first time
31 October: Deadline for paper Partnership Tax Returns
31 January: Final deadline to file online and pay any tax owed by individual partners
Missing these deadlines could result in penalties —starting at £100 and increasing over time.
Not Sure if You Need to File?
We’ll help you determine your obligations — and if you do need to file, we’ll take care of everything securely and efficiently.