Change in Partnership %??

Change in Partnership %??

Didn't find your answer?

Do you have to report a change in how partners split the income from a partnership?

Or does effectively just get reported on the partnership tax return, and there is nothing else to do?

Many thanks, in advance!

David.

Replies (4)

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By Tim Vane
14th Jan 2015 21:30

No and yes.

Thanks (1)
Replying to Tax Dragon:
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By DAVID ROBERTS
15th Jan 2015 06:40

Thanks

Tim Vane wrote:

No and yes.

 

Excellent, thank you!

Thanks (0)
RLI
By lionofludesch
15th Jan 2015 08:54

None of their business

Ii's none of HMRC's business.  Just report the revised profit shares.  It's all they need to know.

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Replying to Kemu:
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By DAVID ROBERTS
15th Jan 2015 15:29

Ta...

lionofludesch wrote:

Ii's none of HMRC's business.  Just report the revised profit shares.  It's all they need to know.

 

Great, thanks!

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