Partnership - startup basis period

Poodle
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

Comments

  • Poodle
    Poodle Registered Posts: 711 Epic contributor 🐘
    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 claim
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