When a new partner is introduced to a partnership but the business continues, will 2 sets of accounts need to be prepared covering the overall trading period?
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Agreed - unless of course the partners want it done that way to achieve greater clarity. Haven't followed the link posted by @pawncob, but I fail to see how anything HMRC have to say comes into it. Happily on this occasion what they seem to have to say accords with common sense.