Corporate LLP with 30 June Year end - How to record on SA800?

Corporate LLP with 30 June Year end - How to...

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I have an LLP with a 30 June year end and two corporate members.  One corporate member has a 30 June year end, the other 30 April.  

The first set of LLP accounts was to 30 June 2013.   The profits were time apportioned to 5/4/13.

The next set of accounts are to 30 June 2014.  What taxable profit should be shown in the SA800?  From 6/4/13-5/4/14? i.e. time apportionment of accounts to 30/6/13 and 30/6/14?

For the corporate member with a 30 April year end I assume you just time apportion the SA800 figures between the relevant accounting periods, is this correct?

Many thanks.

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By johngroganjga
30th Jan 2015 08:29

As I see it ...

The LLP's SA800 return will just deal with profits in the accounting period ending in the tax year. So the 2014/2015 return will deal with the June 2014 profits and the allocation of them between the two partners.

The apportionment of the figures in the LLP's accounts and on its tax return will be a matter for the accounts and CT returns of the corporate members - nothing to do with the LLP as such.

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