Tax Return for Partership for last year, when it only started this year!!! Why???

[Deleted User]

So as the title says;

We started our partnership May 2012, before this it was a sole trader business (we have done our 2012 tax return for this)

But now we are advised we need to do a 2011/2012 tax return for the partnership that started in May 2012.

Surely we should only do this in 2012/2013 and NOT 2011/2012?

Any explenation please???

bni

Who has advised you that? Sounds like they just have the wrong information about when you started the partnership.

[Deleted User]

It stated it on the forms sent to use by HMRC, I.e. you must complete your partnership return for 2011/2012 by Jan 2013.

bni

Just write back to HMRC and state that your partnership started in the current tax year.

[Deleted User]

So do you think we are correct in saying it shouldn't be completed until the year in which it started LOL. I know it seems mad, but I was thinking I must have missed some technical rule !!! :-/

bni

There would be nothing to fill out a return about if it covers time BEFORE your partnership, so yes there must a be a mistake somewhere.

[Deleted User]

Exactly what I thought, at least now I don't think I'm going mad! Thanks