Chapter 7 - 2.3 - Partnership Returns

Question 1

As part of the rule of law, it is important that…

Answer 1

Each partner completes an individual self-assessment return, and that the partnership submits a return detailing the partnership’s income and gains

Question 2

When is the due date for submission of the partnership return?

Answer 2

The same as for a personal self-assessment return and depends on whether the return is paper or electronic

Question 3

When is the electronic return submission date?

Answer 3

The later of either:
The 31st of January, or three months after the return was issued

Question 4

When is the paper return submission date?

Answer 4

The later of either:
The 31st of October, or three months after the return was issued

Question 5

What happens if the return contains errors or is submitted late?

Answer 5

The common penalty regime penalties will apply