Partnership supplementary pages

NotesQuiz

Completing partnership supplementary pages

An individual taxpayer who is a partner must provide HMRC with details of his share of the partnership profit or loss on supplementary pages.

Each partner must then include his share of partnership profits on his personal tax return.

The supplementary pages are submitted with the individual's tax return, usually by 31 January following the end of the tax year.

The supplementary pages consist of the following sections:

  1. Partnership details (Boxes 1 to 4)

    These contain information about the partnership and the partner's involvement in the partnership such as the date of joining or leaving if these occur within the tax year.

  2. Cash basis (Box 5)

     This is not in the FTX syllabus.

  3. Share of partnership's trading or professional profits (Boxes 6 to 20)

    These contain information to enable profit and losses to be allocated to tax years and deal with losses and overlap profits.

    Box 15 is not in the FTX syllabus.

  4. Share of partnership's trading or professional losses (Boxes 21 to 24)

    These show the current year loss, loss relief against genera l income and losses to be carried forward.

  5. Class 4 NICs (Boxes 25 to 27)

    These deal with matters which are not within the FTX syllabus.

  6. Share of the partnership taxed interest etc (Box 28)

    This deals with a matter which is not within the FTX syllabus.

  7. Share of partnership tax paid and deductions (Boxes 29 to 31)

    These deal with matters which are not within the FTX syllabus.

  8. Any other information (Box 32)

    This enables the partner to give HMRC any other relevant information. 

    For example, it is used to explain any entries in Box 9 (adjustment where the partner's basis period is not the same as partnership's accounting period).

The short partnership supplementary pages:

NotesQuiz