If your business is set up as a Partnership, you will need to complete a partnership tax return as well as a separate return for each Partner. The overall format is similar to that of a sole trader with a share of the profits being allocated to each partner based on their partnership agreement.
The UK tax system is onerous and complicated and HMRC will often issue penalties and interest on what can quite often be innocent mistakes. We can take this stress from you by preparing your partnership and personal tax returns, ensuring that you are fully compliant and, as importantly, making sure that you only pay the tax that is due. We will deal with HMRC on your behalf, allowing you to focus purely on your business.
