Partnership Tax Returns (SA800) Explained
The SA800 is the code given by HMRC to the partnership tax return. Find out more about this form and the information it contains.
A partnership is a UK business structure that is similar to a sole trader but allows two or more people to co-own a business, with each of the partners being responsible for debts, as well as being entitled to a share of the profits. Most of all, they’re a great way to share the highs and lows of running a business. Read these guides to find out more about how the tax side of things works when it comes to setting up a partnership:
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The SA800 is the code given by HMRC to the partnership tax return. Find out more about this form and the information it contains.
Once you’ve decided to set up a partnership, then next question that often plays on peoples mind is ‘how does tax work’? If this question is at the top of your worry list, then this guide is for you. Here’s you’ll discover more about tax for partnerships, how you report earnings, how much you’ll pay and where you can find more reading on legally reducing your tax bill.
A step-by-step guide to registering a Partnership with HMRC, the role of a nominated partner and the registrations requirements for individual partners.