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HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

CTSA: the filing obligation: information about partnership income

FA98/SCH18/PARA12

When a company carries on a trade, profession or business in partnership, it must include its share of any:

  • income,
  • loss,
  • consideration,
  • tax credit, or
  • charge,

in its company tax return.

This is the amount shown in a partnership statement made under TMA70/S12AB for a period that coincides with or overlaps the period covered by the return. (There is no equivalent provision for CTPF periods.)