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online registation with hmrc?

have just registered our partnership for online SA, it says that you also have to register the individual partners details separately , does that then mean 3 lots of log in information ?
I had hoped that everything would be held together for ease of use.
If everything is going to be in stand alone "accounts", I may as well fill in the paper forms, it's going to be qiucker!
As it is, they have only sent me the partnership forms, not the individual personal forms, will they send them or should I ring and request them?
the figures are done for the partnership, we just need our respective p60s to do the personal forms.
Getting slighlty confused now, are the partnership forms and the personal forms all we have to do?
One last query, we have a small loss (£600) to carry forward, we have only been trading for 6 months, but I can't see anything on the partnership form about what to do with it, I want to offset it against next years profits, I don't want to receive a refund through paye. will they ask what we want to do after they have checked the figures?
thanks in advance.
"There is a light that never goes out"

Comments

  • WHA
    WHA Posts: 1,359 Forumite
    There will indeed be three separate files - each individual is a separate case, so you will need to apply three times for a 2 person partnership and fill in a total of 3 tax returns.

    Assuming each partner notified HMRC that they were becoming self employed, then they will both receive "paper" tax returns in due course, and if not, you need to contact them to ask for them. (They are a bit late sending them out this year).

    As for losses, the place to claim carry forward will be on the partnership supplementary section of the personal tax returns. That's why you can't see anything on the partnership return itself. You transfer the profit/loss shares from the partnership return to the individual tax returns, which is where you get the options as to what you want doing with it.
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