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HMRC internal manual

Company Taxation Manual

CTSA: the filing obligation: information about partnership income

FA98/SCH18/PARA12 provides that 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.