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  • About Us
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The Tax System for Partnerships

The Tax System for Partnerships

27 Mar 2019 | Publication, Business Tax for Sole Traders/Partnerships Guide

Registering with HMRC If you form a partnership to carry on a business, you must register it separately with HMRC even if the partners have previously been self-employed. If the partners are new to business, they must also register individually. Registration for both...
The Tax System for Partnerships

Business Tax Planning

27 Mar 2019 | Publication, Business Tax for Companies Guide, Business Tax for Sole Traders/Partnerships Guide

This guide covers some Business Tax Planning suggestions: Corporation tax The main rate of corporation tax is 19% until 31 March 2020. From 1 April 2020 this rate reduces to 17%. Corporation tax self-assessment requires companies to work out their own tax liability as...
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