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HMRC internal manual

Business Income Manual

Partnerships: Limited Liability Partnership (LLP): compliance

Where a LLP is treated as a partnership for the purposes of the Tax Acts then the compliance provisions relating to partnerships and to partners apply equally to the LLP and to the members of the LLP. Examples of such provisions include S12AA Taxes Management Act 1970 (issue of partnership returns) and S12AC Taxes Management Act 1970 (enquiries into partnership return).

If exceptionally a LLP is regarded as a ‘company’ for the purposes of the Tax Acts the compliance provisions relating to companies apply to that LLP.

Where an existing partnership incorporates as a LLP during an accounting period then, if the partners so wish, they need only make a single partnership return for the one tax year. They may do this even if the partnership changes its accounting date. The old partnership and the new LLP also need only make a single PAYE return for the tax year in which the old partnership incorporates as the new LLP.