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partnership statement

drummer_666
Posts: 984 Forumite
in Cutting tax
Hi,
I need to submit a partnership statement. I'm not sure what the date for this is. I didn't do it right last year and ended up getting myself and my dad fined £480 each! Wiping out any profit we made (selling on eBay). Can't afford to be stung this year (pretty much stopped trading and made £9 each - going to close partnership within the statement this time!).
It says 31 October or
My accounting period is the same as the tax year so 06/04/11-05/04/12, so does that mean that I have 9 months after that so January to submit the paper partnership statement?
I think I remember being told last year that I couldn't submit the partnership statement online because I don't use accounting software. And I can't find a link to submit it online alongside my personal tax return login area.
Thank you
I need to submit a partnership statement. I'm not sure what the date for this is. I didn't do it right last year and ended up getting myself and my dad fined £480 each! Wiping out any profit we made (selling on eBay). Can't afford to be stung this year (pretty much stopped trading and made £9 each - going to close partnership within the statement this time!).
It says 31 October or
- the later of 31 October following the end of the tax year or 9 months from the end of the relevant period, for paper based returns
- the later of 31 January following the end of the tax year or 12 months from the end of the relevant period, for online returns
My accounting period is the same as the tax year so 06/04/11-05/04/12, so does that mean that I have 9 months after that so January to submit the paper partnership statement?
I think I remember being told last year that I couldn't submit the partnership statement online because I don't use accounting software. And I can't find a link to submit it online alongside my personal tax return login area.
Thank you
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