2016 Partnership Tax Return figures are being apportioned

Article ID

ias-12139

Article Name

2016 Partnership Tax Return figures are being apportioned

Created Date

15th October 2015

Product

IRIS Business Tax

Problem

Account period end date falls within the 2016 tax year, when the 2015 return is being produced, why are the figures being apportioned. Should this not be a blank return?

Resolution

The guidance in the Self Assessment Partnership Tax Return Guide page 7 states that if no accounts end in 2014-15 Users are required to: 1. Provide details of the partnership’s income and expenses for the period 6 April 2015 to 5 April 2016, and 2. Enter 6 April 2015 to 5 April 2015 in boxes 3.4 and 3.5. 3. HMRC Restriction