Partnership Statement SA800 PS should be used to provide details of
Partnership's profits, losses, income, tax credits etc. It must be
completed and submitted to the HMRC along with main Partnership Tax Return form
SA800.
Partnership Statement is also used to allocate partnership income to
individual partners.
There are two types of Statement:
-
A 'short' abridged version for partnerships whose only income for the relevant Return period was trading and professional income or taxed interest and alternative finance receipts with tax deducted, from banks and building societies or other deposit takers. Partnership Statement Short is included within the main SA800 Partnership Tax Return form.
-
A 'full' unabridged version covering
all the possible types of partnership income. If the partnership
has also earned income from sources other than trading and
professional income or taxed interest and alternative finance
receipts from banks and building societies,
SA800(PS)
Partnership Statement Full must be completed and submitted to the
HM Revenue and Customs HMRC.
You should make sure that the information which individual
partners need to complete their personal Tax Returns is provided to
them as quickly as possible.
Andica SA800
Partnership Software provides features for completion of
Partnership Statement Short and SA800PS Partnership Statement Full
along with all other supplementary
forms.
