A business that is operated as a Partnership must submit their tax
returns using
SA800 Partnership Tax Return forms. Returns must
include all business income generated by the partnership and show
each partner's share of the profits or losses. Returns can be
submitted by a nominated
partner or an appointed Tax advisor (Agent), Accountant, Bookkeeper
or other professional. Partnership tax returns might also include other supplementary pages
depending on the types of income the business has generated.
Andica SA800 Partnership tax returns software
can be used to complete all the necessary supplementary forms
listed here:
- SA800 Partnership Tax Return form
- SA800(PS) Partnership Statement Full and Partnership Statement Short
form
- SA800(TP) Partnership Trading and Professional Income form
- SA801 Partnership UK Property form
- SA802 Partnership Foreign form
- SA803 Partnership Disposal of Chargeable Assets form
- SA804 Partnership Savings, Investments and Other Income form
Partnership Tax Return form is the main form that must be
completed by all businesses. SA800 form includes Trading and
Professional income details which must be completed if, at any
time during the tax year the partnership carried on a trade or
profession. If the business has other types of income it may be
necessary to submit forms SA801, SA802, SA803 and
SA804.
While a nominated partner is responsible for filing or
authorising the filing of partnership tax returns, the
responsibility is not solely on the Nominated Partner, all
partners are jointly liable for the accuracy of those tax returns.
Where the returns are not submitted to the HM Revenue & Customs
HMRC within the specified timescale, all partners are liable for
any penalties, surcharges and interest.
Individuals partners, whether they are active or 'sleeping'
business partners, who share the profits or losses of the
partnership, are effectively self employed and will need to submit
an individual Self Assessment tax return form. Each partner is personally responsible for paying income tax and National
Insurance Contribution (NIC) on their share of profits. Partners must be provided with an SA800(PS) Partnership Statement Full
form or Partnership Statement Short form detailing their share of
profits or losses. Individual partners can use this information to fill in the partnership supplementary pages SA104
Full or
SA104 Short, these are available within our Andica
Self Assessment
Personal Software (SA100) which can be purchased separately.
Who can use Andica SA800 Partnership tax returns software?
A Nominated Partner within a Partnership business
A partner appointed as a "nominated partner" can use the
software for preparation and online submission of partnership tax
returns to the HMRC. You can purchase the software on CD or as a
download and licenses are available for
one partnership tax return or for preparation of multiple partnership returns.
Bookkeepers, Accountants, Tax advisors or Agents and other Professionals
If you are a Book-keeper, Accountant, tax advisor, tax agent
or in any other professional capacity where you are providing
services for preparation of SA800 Partnership tax returns
for your clients, you can use the software. You will need to be
registered with the HMRC and have your Agent's Gateway ID and
Password. The software is available for
multiple partnership bands of 1, 5, 10, 25, 50, 100 and
unlimited tax returns. For practices requiring multiple users
to access and share the data on their network, multi-user licenses
are available, please
contact us for prices.
