Partnership returns – paper and penalties. By Rebecca Benneyworth

Rebecca Benneyworth considers the problem of on-line filing for partnerships.

As 31 October has now passed, those of us still needing to file partnership returns will need to file them online if we wish to avoid incurring a penalty for late filing.

Although late filing of paper returns (filing between 31 October and 31 January) attracts a penalty for late filing of £100, in respect of individual returns the penalty can be capped at zero by ensuring that all tax due is paid by 31 January 2009.