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Contents

Official guidance
Partnership Manual
  • PM100000 · About this manual
  • PM100100 · Destination table of original partnership guidance
  • PM120000 · Introduction to partnerships
  • PM130000 · Partnerships general
  • PM140000 · Self assessment for partnerships
  • PM160000 · Calculating the taxable profit/allowable losses
  • PM190000 · Partnership loss claims and restrictions: contents
  • PM210000 · Mixed member partnerships
  • PM250000 · Salaried member rules
  • PM270000 · Indirect, capital and transfer taxes and other tax obligations
  • PM280000 · Overseas partnerships & treatment for UK tax purposes
  • PM00100 · About this manual
  • PM10000 · Introduction to Partnerships and Partnership Taxation
  • PM10100 · Introduction to Partnerships and Partnership Taxation: what is a partnership?
  • PM10200 · Introduction to Partnerships and Partnership Taxation: does a partnership exist?
  • PM10300 · Introduction to Partnerships and Partnership Taxation: when does a partnership commence?
  • PM10400 · Introduction to Partnerships and Partnership Taxation: relations that do not constitute a partnership
  • PM10500 · Introduction to Partnerships and Partnership Taxation: who can be a partner?
  • PM10600 · Introduction to Partnerships and Partnership Taxation: overview of types of partnership
  • PM10700 · Introduction to Partnerships and Partnership Taxation: taxing the profits of a business carried on in partnership
  • PM10800 · Introduction to Partnerships and Partnership Taxation: profit sharing arrangements
  • PM10900 · Introduction to Partnerships and Partnership Taxation: overview of how partnerships are taxed
  • PM11000 · Trading profits
  • PM11010 · Trading profits: notional trade and basis periods
  • PM11020 · Trading profits: notional trade and basis periods - sole trader and partnership changes
  • PM11030 · Trading profits: partnership mergers and demergers
  • PM11040 · Trading profits: accounting date changes
  • PM11050 · Trading profits: overlap
  • PM11100 · Introduction to Partnerships and Partnership Taxation: non trading income (‘other income’)
  • PM13180 · Distinct legal personality and taxes management provisions
  • PM136200 · Capital allowances
  • PM20000 · Self Assessment for partnerships
  • PM20010 · Self Assessment for partnerships: legal framework
  • PM20100 · Self Assessment for partnerships: registration of partnerships with HMRC
  • PM20200 · Self Assessment for Partnerships: the nominated/representative partner
  • PM20300 · Self Assessment for partnerships: linking partners to the partnership
  • PM20400 · Self Assessment for partnerships: the partnership return
  • PM20410 · Self Assessment for partnerships: the partnership return: requirements
  • PM20420 · Self Assessment for partnerships: the Partnership return: Standard Accounts Information (SAI) or full accounts and computations
  • PM20430 · Self Assessment for partnerships: the partnership return: operational guidance
  • PM20500 · Self Assessment for partnerships: partners’ returns
  • PM20510 · Self Assessment for Partnerships: partners’ returns: returning the partnership profit share
  • PM20520 · Self Assessment for Partnerships: partners’ returns: composite returns for individual non-UK resident partners
  • PM20600 · Self Assessment for partnerships: filing date for partnership return
  • PM20700 · Self Assessment for Partnerships: Late filing penalties
  • PM20800 · Self Assessment for partnerships: compliance checks
  • PM20810 · Self Assessment for partnerships: compliance checks: introduction
  • PM20820 · Self Assessment for partnerships: compliance checks: review and liaison
  • PM20830 · Self Assessment for partnerships: compliance checks: opening a compliance check
  • PM20840 · Self Assessment for partnerships: compliance checks: information powers
  • PM20850 · Self Assessment for partnerships: compliance checks: settling partnership enquiries
  • PM232500 · AIFM: Overview
  • PM251010 · Overview
  • PM271100 · Partnerships and VAT
  • PM30000 · Calculating the taxable profits
  • PM30010 · Calculating the taxable profits: introduction
  • PM30100 · Calculating the taxable profits: steps for computing partnership trading profits
  • PM30200 · Calculating the taxable profits: accounting profits
  • PM30300 · Calculating the taxable profits: general tax rules
  • PM30400 · Calculating the taxable profits: overriding principle on payments to partners
  • PM30500 · Calculating the taxable profits: interest paid by the partnership
  • PM30600 · Calculating the taxable profits: rent
  • PM30700 · Calculating the taxable profits: service companies
  • PM30800 · Calculating the taxable profits: partner recruitment costs
  • PM30900 · Calculating the taxable profits: partner training costs
  • PM31000 · Calculating the taxable profits: termination payments
  • PM31100 · Calculating the taxable profits: Partnership annuities
  • PM31110 · Calculating the taxable profits: Partnership annuities: the partnership
  • PM31120 · Calculating the taxable profits: Partnership annuities: current partners
  • PM31130 · Calculating the taxable profits: Partnership annuities: retired partners
  • PM31200 · Calculating the taxable profits: costs connected with the capital structure of a business
  • PM31300 · Calculating the taxable profits: partner expenses
  • PM31350 · Calculating the taxable profits: Directors’ fees received by professional partnerships
  • PM31400 · Calculating the taxable profits: claims and elections
  • PM31500 · Calculating the taxable profits: allocating the taxable profits or allowable losses to partners
  • PM31600 · Calculating the taxable profits: Capital Allowances
  • PM31610 · Calculating the taxable profits: Capital Allowances: claims for Capital Allowances on partnership assets
  • PM31620 · Calculating the taxable profits: Capital Allowances: partnership changes
  • PM31630 · Calculating the taxable profits: Capital Allowances: connected persons
  • PM31640 · Calculating the taxable profits: Capital Allowances: the Annual Investment Allowance (AIA)
  • PM31650 · Calculating the taxable profits: Capital Allowances: leasing
  • PM40000 · Mixed member partnerships and international aspects
  • PM40210 · Mixed member partnerships and international aspects: companies in partnership: what is a company partnership?
  • PM40220 · Mixed member partnerships and international aspects: companies in partnership: computation and allocation of profits
  • PM40230 · Mixed member partnerships and international aspects: companies in partnership: common issues
  • PM40240 · Mixed member partnerships and international aspects: companies in partnership: loans to participators
  • PM40420 · Mixed member partnerships and international aspects: residence and the tax consequences: UK resident members
  • PM40440 · Mixed member partnerships and international aspects: residence and the tax consequences: Non-resident members: individuals
  • PM40460 · Mixed member partnerships and international aspects: residence and the tax consequences: Non-resident members: companies
  • PM40465 · Mixed member partnerships and international aspects: residence and the tax consequences: Non-resident company members trading in the UK
  • PM40470 · Mixed member partnerships and international aspects: Residence and the tax consequences: Non-resident company members not trading in the UK
  • PM40600 · Mixed member partnerships and international aspects: management and control
  • PM40700 · Mixed member partnerships and international aspects: where are the profits earned?
  • PM40800 · Mixed member partnerships and international aspects: Composite SA returns for non-resident individual members
  • PM40900 · Mixed member partnerships and international aspects: Investment partnerships
  • PM41000 · Mixed member partnerships and international aspects: UK registered partnerships with no UK source
  • PM41100 · Mixed member partnerships and international aspects: tax status of overseas partnerships
  • PM41200 · Mixed member partnerships and international aspects: UK branches of overseas partnerships
  • PM41300 · Mixed member partnerships and international aspects: summary of filing requirements for partnerships with foreign aspects
  • PM41500 · Mixed member partnerships and international aspects: Hybrid entities and tax arbitrage
  • PM50000 · Limited partnerships and limited liability partnerships
  • PM50010 · Limited partnerships and limited liability partnerships: introduction
  • PM50100 · Limited partnerships and limited liability partnerships: limited partnerships - overview
  • PM50200 · Limited partnerships and limited liability partnerships: limited partnerships - restrictions on loss relief for limited partners
  • PM50300 · Limited partnerships and limited liability partnerships: venture capital/private equity and the BVCA agreement
  • PM50400 · Limited partnerships and limited liability partnerships: LLPs: overview
  • PM50500 · Limited Liability Partnerships: statutory provisions for tax transparency
  • PM50510 · Limited Liability Partnerships: statutory provisions for tax transparency: tax transparency ‘switched on’
  • PM50520 · Limited Liability Partnerships: statutory provisions for tax transparency: tax transparency ‘switched off’
  • PM50550 · Limited partnerships and limited liability partnerships: liquidations
  • PM50600 · Limited Partnerships and Limited Liability Partnerships - conversions
  • PM50610 · Limited Partnerships and Limited Liability Partnerships: conversions - business transferred from general partnership
  • PM50620 · Limited Partnerships and Limited Liability Partnerships - conversions: business transferred from company
  • PM50700 · Limited partnerships and limited liability partnerships: restrictions on loss relief for LLP members
  • PM50800 · Limited partnerships and limited liability partnerships: distinct legal personality and Taxes Management provisions
  • PM50900 · Limited partnerships and limited liability partnerships: nominee members
  • PM528200 · What is the contribution?
  • PM60000 · Indirect, capital and transfer taxes and other tax obligations
  • PM60100 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships
  • PM60105 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: VAT and partnerships - introduction
  • PM60110 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Does a partnership exist?
  • PM60120 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Registration and liability to VAT
  • PM60130 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: partner changes
  • PM60140 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Group VAT registration and partnerships
  • PM60150 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: VAT position of partnership contributions
  • PM60160 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: VAT avoidance using partnerships
  • PM60200 · Indirect, capital and transfer taxes and other tax obligations: Capital gains
  • PM60205 · Indirect, capital and transfer taxes and other tax obligations: Capital gains - introduction
  • PM60210 · Indirect, capital and transfer taxes and other tax obligations: Capital gains: Goodwill
  • PM60220 · Indirect, capital and transfer taxes and other tax obligations: Capital gains: CG Reliefs
  • PM60300 · Indirect, capital and transfer taxes and other tax obligations: Stamp Duty Land Tax (SDLT)
  • PM60305 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Stamp Duty Land Tax (SDLT) - introduction
  • PM60310 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Stamp Duty Land Tax (SDLT): SDLT & Partnerships: General
  • PM60320 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Stamp Duty Land Tax (SDLT): special partnership provisions
  • PM60330 · Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Stamp Duty Land Tax (SDLT): SDLT avoidance
  • PM60400 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT) contents
  • PM60405 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT): introduction
  • PM60410 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT): General transparency principle
  • PM60420 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT): Transfers of partnership assets
  • PM60430 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT): Valuing the partnership interest
  • PM60440 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT): Situs of partnership interest
  • PM60450 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT): Business Property Relief
  • PM60460 · Indirect, capital and transfer taxes and other tax obligations: Inheritance Tax (IHT): Family Limited Partnerships
  • PM60500 · Indirect, capital and transfer taxes and other tax obligations: PAYE and National Insurance
  • PM60505 · Indirect, capital and transfer taxes and other tax obligations: PAYE and National Insurance: Introduction
  • PM60520 · Indirect, capital and transfer taxes and other tax obligations: PAYE and National Insurance: PAYE
  • PM60540 · Indirect, capital and transfer taxes and other tax obligations: PAYE and National Insurance: National Insurance Contributions (NICs)
  • PM60545 · Indirect, capital and transfer taxes and other tax obligations: PAYE and National Insurance: Class 4 NIC relief for partner’s losses
  • PM60550 · Indirect, capital and transfer taxes and other tax obligations: PAYE and National Insurance: Employer’s Class 1 NICs
  • PM60600 · Indirect, capital and transfer taxes and other tax obligations: Construction Industry Scheme (CIS)
  • PM60700 · Indirect, capital and transfer taxes and other tax obligations: deduction of Income Tax at source
  • PM61090 · Share: benchmark
  1. Partnership Manual
  2. Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Does a partnership exist?

PM60110 | Indirect, capital and transfer taxes and other tax obligations: VAT and partnerships: Does a partnership exist?

From HM Revenue & Customs · Partnership Manual

Page archived – page replaced under new structure

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