Partnership - startup basis period
Poodle
Registered Posts: 711 Epic contributor 🐘
Hi
If you start a partnership how do the rules at start up work with filling out the first SA800.
For example:
Partnership started 1st Oct 2006 acc period end 30th Sep 2007 so first year set of accounts available.
I need to get the losses to the partners (who also have other partnerships going on)and so do you prorata the results to the 5th April 2007 in the SA 800 for 2007
or
is this done in the partnership short on the SA100's for 2007 with the full period results up to the 30th September then appearing in the SA800 even though box 3.5 on the SA800 will be 30/09/07 as opposed to 05/04/2007
Help
P
If you start a partnership how do the rules at start up work with filling out the first SA800.
For example:
Partnership started 1st Oct 2006 acc period end 30th Sep 2007 so first year set of accounts available.
I need to get the losses to the partners (who also have other partnerships going on)and so do you prorata the results to the 5th April 2007 in the SA 800 for 2007
or
is this done in the partnership short on the SA100's for 2007 with the full period results up to the 30th September then appearing in the SA800 even though box 3.5 on the SA800 will be 30/09/07 as opposed to 05/04/2007
Help
P
0
Comments
-
Dear all
I sorted this with a lovely helpful lady from the tax office.
Thank you for viewing though
P
PS HMR&C = Has Merciless revenue claim0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 321 NEW! Qualifications 2022
- 159 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership