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Personal Tax / Partnership Income Tax

Partnership Income Tax services in the UK

Personal tax returns for partners, with your profit share, basis period and payments on account worked out properly.

Clear adviceFixed-fee optionsUK-wide support
Partnership Income Tax

Your share, taxed correctly.

Each partner pays tax on their share of the profits shown on the partnership return. We make sure your personal return matches, and plan payments on account so there are no shocks.

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What's included
  • Partnership pages of your return (SA104)
  • Profit-sharing and allocation checks
  • Basis period reform transition
  • Payments on account planning
  • Coordination with the partnership return
Best suited forPartners in trading partnerships and LLP members.
Why TaxKonect

Technology helps. People make the difference.

Online tax advice should never mean being left alone with software. We combine a digital process with an adviser who knows your file.

Clear communication

Understand what needs to be done and why, in plain English, from your named adviser.

Practical advice

Proactive, legitimate planning that fits your real circumstances and goals.

Ongoing relationship

An adviser who understands your affairs and stays with you year after year.

Questions

Partnership Income Tax FAQs

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Does the partnership pay the tax?

No. The partnership files a return, but each partner pays Income Tax and National Insurance on their own share.

What was basis period reform?

Since 2024/25, partners and sole traders are taxed on profits arising in the tax year, rather than their accounting year. Transition profits may be spread over several years.

Can you do the partnership return too?

Yes. See our Partnerships service under Business Tax.

Can I book a consultation before becoming a client?

Yes. Your introductory call helps us understand what you need, and we send a fixed-fee quote before any work begins.

Tax advice, delivered.

Tell us what you need help with. We'll explain your options and quote a fixed fee before any work begins.