| PM00100 | PM100000 | About this manual |
| PM10000 | PM120000 | Introduction to Partnerships: contents |
| PM10100 | PM120100 | What is a partnership? |
| PM10200 | PM130000 | Partnership general: contents |
| PM10200 | PM133000 | Does a partnership exist? |
| PM10300 | PM134000 | When does a partnership commence? |
| PM10500 | PM132050 | Partners: Overview |
| PM10500 | PM132400 | Husbands, wives, civil partners and minors |
| PM10600 | PM131000 | Overview of types of partnership: contents |
| PM10700 | PM136000 | Taxing the profits of a business carried on in partnership |
| PM10800 | PM137000 | Profit sharing arrangements |
| PM10900 | PM138000 | How partners are taxed |
| PM11010 | PM163155 | Notional trade and basis period |
| PM11020 | PM163160 | Notional trade and basis period - sole trader and partnership changes |
| PM11030 | PM163170 | Partnership mergers and demergers |
| PM11040 | PM163180 | Accounting date changes |
| PM11050 | PM163190 | Trading profits: overlap |
| PM11100 | PM139000 | Non trade profits |
| PM20010 | PM141000 | Legal framework |
| PM20100 | PM142000 | Registration of partnerships with HMRC |
| PM20150 | PM145140 | Overseas partners in investment partnerships |
| PM20200 | PM143000 | The Nominated/Representative Partner |
| PM20300 | PM144000 | Linking partners to the partnership |
| PM20400 | PM145000 | The Partnership Return: contents |
| PM20410 | PM145100 | Requirements |
| PM20420 | PM145200 | Standard Accounts Information (SAI) or full accounts and computations |
| PM20430 | PM145300 | Operational guidance |
| PM20500 | PM146000 | Partners’ Returns: contents |
| PM20510 | PM146100 | Returning the partners profit share |
| PM20520 | PM146200 | Composite returns for individual non-UK resident partners |
| PM20600 | PM147000 | Filing date for partnership return |
| PM20700 | PM148000 | Late filing penalties |
| PM20800 | PM149000 | Compliance checks: contents |
| PM20810 | PM149100 | Introduction |
| PM20820 | PM149200 | Review and liaison |
| PM20830 | PM149300 | Opening a compliance check |
| PM20840 | PM149400 | Information powers |
| PM20850 | PM149500 | Settling partnership enquiries |
| PM20860 | PM150000 | Disputes between partners |
| PM20865 | PM151000 | Interaction of disputes mechanism and enquiry processes |
| PM255630 | PM255900 | Profit share: contents |
| PM30000 | PM140000 | Self Assessment for Partnerships: contents |
| PM30100 | PM163070 | Steps to calculate the partnership trading profits |
| PM30200 | PM161000 | Accounting profits |
| PM30400 | PM163330 | Overriding principle on payments to partners |
| PM30500 | PM163300 | Interest paid by the partnership |
| PM30600 | PM163280 | Rent |
| PM30700 | PM163290 | Service companies |
| PM30800 | PM163310 | Partner recruitment costs |
| PM30900 | PM163320 | Partner training costs |
| PM31000 | PM163440 | Termination payments |
| PM31100 | PM163400 | Partnership annuities: contents |
| PM31110 | PM163405 | The partnership |
| PM31120 | PM163410 | Current partners |
| PM31130 | PM163420 | Retired partners |
| PM31200 | PM163450 | Costs connected with the capital structure of a business |
| PM31400 | PM191100 | Claims and elections: contents |
| PM31500 | PM163040 | Allocation of profits and losses |
| PM31600 | PM163200 | Capital allowances: contents |
| PM31610 | PM163210 | Claims for capital allowances on partnership assets |
| PM31620 | PM163220 | Partnership changes |
| PM31630 | PM163230 | Connected persons |
| PM31640 | PM163240 | The Annual Investment Allowance (AIA) |
| PM31650 | PM163250 | Leasing |
| PM40000 | PM210000 | Mixed member partnerships: contents |
| PM40100 | PM211000 | Companies in partnership: contents |
| PM40210 | PM211050 | Companies in partnership |
| PM40220 | PM211100 | Computation and allocation of profits |
| PM40230 | PM211200 | Difference in treatment between individuals and non-individuals |
| PM40240 | PM211400 | Loans to participators |
| PM40300 | PM212000 | Company partners and tax mitigation |
| PM40420 | PM281100 | UK resident members |
| PM40440 | PM281200 | Non-resident members: individuals |
| PM40460 | PM281300 | Non-resident members: companies |
| PM40465 | PM281400 | Non-resident company members trading in the UK |
| PM40470 | PM281500 | Non-resident company members not trading in the UK |
| PM40600 | PM283000 | Management and control |
| PM40700 | PM284000 | Where are the profits earned? |
| PM40800 | PM285000 | Composite SA returns for non-resident individual members |
| PM40900 | PM286000 | Investment partnerships |
| PM41000 | PM287000 | UK registered partnerships with no UK source |
| PM41100 | PM288000 | Tax status of overseas partnerships |
| PM41200 | PM289000 | UK branches of overseas partnerships |
| PM41300 | PM290000 | Summary of filing requirements for partnerships with foreign aspects |
| PM41400 | PM291000 | Double taxation |
| PM41500 | PM292000 | Hybrid entities and tax arbitrage |
| PM50010 | PM131200 | Introduction |
| PM50100 | PM131310 | Limited partnership: overview |
| PM50300 | PM131330 | Venture Capital/Private Equity and the BVCA agreement |
| PM50500 | PM131340 | Private Fund limited partnerhsips |
| PM50500 | PM131480 | Statutory provisions for tax transparency: contents |
| PM50510 | PM131485 | Tax transparency ‘switched on’ |
| PM50520 | PM131490 | Tax transparency ‘switched off’ |
| PM50550 | PM131570 | Liquidations |
| PM50600 | PM131430 | LLP: conversions |
| PM50800 | PM131380 | Distinct legal personality and Taxes Management provisions |
| PM50900 | PM131390 | Nominee members |
| PM60000 | PM270000 | Indirect, Capital and Transfer Taxes and Other tax obligations: contents |
| PM60100 | PM271000 | VAT and partnerships: contents |
| PM60110 | PM271200 | VAT and the existance of a partnership |
| PM60120 | PM271300 | VAT registration and liability |
| PM60130 | PM271400 | Partner changes |
| PM60140 | PM271500 | Group VAT registration and Partnerships |
| PM60150 | PM271600 | VAT position of partnership contributions |
| PM60160 | PM271700 | VAT avoidance using partnerships |
| PM60200 | PM272000 | Capital gains: contents |
| PM60205 | PM272100 | Capital gains - introduction |
| PM60210 | PM272200 | Goodwill |
| PM60220 | PM272300 | Capital gains reliefs |
| PM60300 | PM273000 | Stamp Duty Land Tax (SDLT): contents |
| PM60310 | PM273200 | SDLT and Partnerships |
| PM60320 | PM273300 | Special partnership provisions |
| PM60330 | PM273400 | SDLT avoidance |
| PM60400 | PM274000 | Inheritance Tax (IHT): contents |
| PM60410 | PM274200 | General transparency principle |
| PM60420 | PM274300 | Transfers of partnership assets |
| PM60430 | PM274400 | Valuing the partnership interest |
| PM60440 | PM274500 | Situs of partnership interest |
| PM60450 | PM274600 | Business Property Relief |
| PM60460 | PM274700 | Family Limited Partnerships |
| PM60500 | PM275000 | PAYE and National Insurance: contents |
| PM60510 | PM275200 | PAYE |
| PM60515 | PM275300 | National Insurance Contributions (NICs) |
| PM60520 | PM275400 | Class 4 NIC relief for partner's losses |
| PM60525 | PM275500 | Employers Class 1 NICs |
| PM60600 | PM276000 | Construction Industry Scheme (CIS) |
| PM60700 | PM277000 | Deduction of Income Tax at source |
| Original Business Income Manual reference | New Reference | Page Title |
| BIM82005 | PM132200 | Who is a partner? |
| BIM82005 | PM133000 | Does a partnership exist |
| BIM82020 | PM132300 | Capacity of partners |
| BIM82025 | PM132100 | Types of partner |
| BIM82035 | PM131700 | Scottish Partnerships |
| BIM82040 | PM134100 | Partnerships - formation |
| BIM82045 | PM134200 | Partnerships - dissolution |
| BIM82050 | PM134300 | Death or retirement of partner |
| BIM82058 | PM163270 | Property |
| BIM82065 | PM132200 | Who is a partner? |
| BIM82075 | PM163350 | Partners' personal expenses |
| BIM82080 | PM163360 | Expenses paid by partners |
| BIM82085 | PM163370 | Partnerhip advances funds to partners |
| BIM82090 | PM163380 | Partners in disagreememnt |
| BIM82095 | PM163390 | Partner expenses- legal basis |
| BIM82100 | PM131400 | Limited liability partnerships: contents |
| BIM82101 | PM131310 | Limited partnership: overview |
| BIM82105 | PM131320 | Limited partnership: restriction of relief for limited partners |
| BIM82110 | PM131410 | LLP: overview |
| BIM82110 | PM131420 | LLP types of member |
| BIM82112 | PM131440 | LLP: agreement |
| BIM82115 | PM131450 | LLP: taxation |
| BIM82120 | PM131460 | LLP: compliance |
| BIM82125 | PM131470 | LLP: computation of profits |
| BIM82130 | PM131500 | LLP: partners interest relief |
| BIM82135 | PM131520 | LLP: restriction of relief for LLP members |
| BIM82140 | PM131530 | LLP: partners’ basis periods, losses and overlap relief |
| BIM82145 | PM131540 | LLP: international aspects |
| BIM82150 | PM131550 | LLP: NIC |
| BIM82155 | PM131440 | LLP: property investment LLP |
| BIM82160 | PM131600 | EEIGs: background information |
| BIM82200 | PM160000 | Calculating the taxable profits/allowable losses: contents |
| BIM82200 | PM162000 | Computation and assessment: contents |
| BIM82210 | PM163010 | Profits and losses computed at partnership level |
| BIM82215 | PM191200 | Claims and elections affecting partnership profits |
| BIM82220 | PM191300 | Claims and elections affecting partner’s tax liability |
| BIM82225 | PM163020 | Changes of partners |
| BIM82230 | PM209000 | Changes of partners: loss relief |
| BIM82235 | PM163030 | Iindividual, company and non-resident members |
| BIM82245 | PM163050 | An allocation must not create or increase a loss |
| BIM82250 | PM163060 | Allocation examples of profits and losses |
| BIM82255 | PM163080 | Partner’s notional trade |
| BIM82260 | PM163090 | Commencement and cessation |
| BIM82265 | PM163100 | Basis period rules |
| BIM82270 | PM163110 | Change of partnership accounting date |
| BIM82275 | PM163470 | Computation of income |
| BIM82280 | PM163480 | Allocation of income |
| BIM82285 | PM163490 | Partner’s basis periods |
| BIM82295 | PM163510 | Partner’s basis period: untaxed income |
| BIM82295 | PM163520 | Partner’s basis period: taxed income |
| BIM82300 | PM163530 | Partner’s basis period: losses |
| BIM82305 | PM163120 | Effect of changes in membership on partner’s basis periods |
| BIM82310 | PM163540 | Overlap relief |
| BIM82315 | PM163550 | Losses and overlap relief |
| BIM82320 | PM163130 | Investment business: partner’s basis period |
| BIM82330 | PM163140 | Examples of partnership computations |
| BIM82340 | PM163150 | Examples of partnership computations with indirect partners |
| BIM82400 | PM135000 | Partnerships: mergers & demergers: contents |
| BIM82405 | PM135100 | Mergers and demergers: Overview |
| BIM82410 | PM135200 | Cessation of previous businesses and commencement of new business |
| BIM82415 | PM135300 | Previous businesses continue as a merged joint business |
| BIM82420 | PM135400 | Cessation of one business and the continuation of the other business |
| BIM82425 | PM135500 | Mergers: Example |
| BIM82430 | PM135600 | Demergers: Overview |
| BIM82435 | PM135700 | Mergers and demergers: Text of Statement of Practice 9/86 |
| BIM82600 | PM190000 | Partnership loss claims and restrictions: Contents |
| BIM82601 | PM191000 | Introduction |
| BIM82610 | PM192000 | Calculation of limit of relief: partners’ capital contributions |
| BIM82611 | PM193000 | Calculation of limit of relief: £25,000 annual limit |
| BIM82615 | PM194000 | Limited partners |
| BIM82620 | PM195000 | Limited partners: example |
| BIM82625 | PM196000 | LLP members |
| BIM82630 | PM197000 | LLP members: example |
| BIM82635 | PM198000 | Unrelieved amounts |
| BIM82640 | PM199000 | Non-active partners in early tax years |
| BIM82645 | PM200000 | Non-active partners in early tax years: example |
| BIM82650 | PM201000 | Non-active partners: unrelieved amounts |
| BIM82655 | PM202000 | Risk-free capital contributions |
| BIM82660 | PM203000 | Cost of contribution financed by loan |
| BIM82665 | PM204000 | Cost of contribution reimbursed to partner |
| BIM82670 | PM205000 | Exemptions |
| BIM82675 | PM206000 | Recovery of excess relief |
| BIM82680 | PM207000 | Recovery of excess relief: example |
| BIM82685 | PM208000 | Licence-related losses: exit charge |
| BIM82710 | PM214000 | Overview |
| BIM82720 | PM216000 | Who is a non-individual partner? |
| BIM82725 | PM217000 | When do the rules apply? |
| BIM82730 | PM218000 | Condition X |
| BIM82740 | PM219000 | Condition Y |
| BIM82745 | PM220000 | Appropriate notional profit |
| BIM82750 | PM221000 | The appropriate notional return on capital |
| BIM82760 | PM222000 | The appropriate notional consideration for services |
| BIM82765 | PM223000 | Appropriate notional consideration for services: restriction |
| BIM82770 | PM224000 | The power to enjoy |
| BIM82775 | PM225000 | Connected parties |
| BIM82780 | PM226000 | Arrangements to secure corporation tax rather than income tax treatment |
| BIM82785 | PM227000 | Enjoyment conditions |
| BIM82790 | PM228000 | Is the profit share influenced by the power to enjoy? |
| BIM82800 | PM229000 | Relevant tax amount |
| BIM82805 | PM230000 | Reallocations: individuals |
| BIM82810 | PM231000 | Reallocations: non-individuals |
| BIM82815 | PM232000 | Payments by the non-individual out of its reallocated profit share |
| BIM82825 | PM233000 | Interaction with AIFM deferral arrangements |
| BIM82830 | PM234000 | Anti-avoidance |
| BIM82850 | PM235000 | Other related guidance |
| BIM82855 | PM236000 | Businesses transferred to the partnership |
| BIM82860 | PM237000 | Businesses transferred to the partnership: Examples |
| BIM82870 | PM238000 | Takeover of the LLP |
| BIM82880 | PM239000 | Private equity investment |
| BIM82890 | PM240000 | Share issues |
| BIM82900 | PM241000 | Pseudo share schemes/membership benefit schemes |
| BIM82910 | PM242000 | International structures |
| BIM82945 | PM243000 | Excess profit allocation: Commencement |
| BIM82950 | PM244000 | Excess loss allocation rules |
| BIM82955 | PM245000 | When do the restrictions apply? |
| BIM82960 | PM246000 | The effect of the restrictions? |
| BIM82965 | PM247000 | Transitional Provisions |
| Original Employment Status Manual reference | New Reference | Page Title |
| ESM60005 | PM251000 | Overview |
| ESM60025 | PM253000 | Who can be a salaired member? |
| ESM60025 | PM254000 | Tests to use |
| ESM61000 | PM255000 | Condition A- disguised salary: contents |
| ESM61005 | PM255100 | Condition A- overview |
| ESM61025 | PM255400 | When to apply condition A |
| ESM61015 | PM255200 | Relevant arrangments |
| ESM61020 | PM255300 | Relevant period |
| ESM61030 | PM255500 | Reasonable to expect |
| ESM61035 | PM255605 | Introduction |
| ESM61040 | PM255610 | Piecework |
| ESM61045 | PM255620 | Fees Generated |
| ESM61050 | PM255305 | Overview |
| ESM61055 | PM255310 | Personal Performance |
| ESM61060 | PM255640 | Divisions Of A Business |
| ESM61065 | PM255650 | Guaranteed Payments/Floors |
| ESM61070 | PM255660 | Caps On Profit Shares |
| ESM61075 | PM255670 | Drawings On Account Of Profit Share Or Disguised Salary |
| ESM61085 | PM255910 | Overview |
| ESM61090 | PM255680 | Disguised Salary: Profit Share realistic view |
| ESM61095 | PM255920 | Share: Unexpected Events |
| ESM61100 | PM255930 | Share: Benchmark |
| ESM62000 | PM256000 | Condition B- Significant influence: contents |
| ESM62005 | PM256100 | Overview |
| ESM62015 | PM256200 | The LLP agreement |
| ESM62020 | PM256300 | What type of influence is relevant to the test? |
| ESM62025 | PM256400 | Functions of financial businesses regulated by Financial Conduct Authority (FCA) |
| ESM62030 | PM256500 | Significance of size |
| ESM62035 | PM256600 | Hierarchy of members |
| ESM62040 | PM256700 | Delegated powers |
| ESM62045 | PM256800 | Part of a business |
| ESM62050 | PM256900 | Indirect influence? |
| ESM62055 | PM257000 | LLPs that are parents of a group |
| ESM62060 | PM257100 | LLPs that are members of a group |
| ESM62070 | PM257200 | Change in circumstances |
| ESM63000 | PM258000 | Condition C- conribution to the LLP: contents |
| ESM63005 | PM258100 | Overview |
| ESM63010 | PM258200 | What is the contribution? |
| ESM63020 | PM258300 | When to apply the test? |
| ESM63025 | PM258400 | Becoming, or ceasing to be, a member part way through the year |
| ESM63030 | PM258500 | A change in the contribution part way through the year: contents |
| ESM63035 | PM258510 | A Reduction In The Contribution |
| ESM63040 | PM258520 | An Increase In The Contribution |
| ESM63045 | PM258600 | Deemed contributions |
| ESM63050 | PM258700 | Failure To Make The Payment |
| ESM64000 | PM259000 | Anti-avoidance: contents |
| ESM64005 | PM259100 | Overview |
| ESM64010 | PM259200 | Becoming a member |
| ESM64015 | PM259305 | Overview |
| ESM64020 | PM259310 | Anti-Avoidance: Genuine Finance |
| ESM64025 | PM259320 | Anti-Avoidance: Non-Recourse Loans |
| ESM64030 | PM259330 | Anti-Avoidance: Connected Party Finance |
| ESM64035 | PM259340 | Anti-Avoidance: Combined Loan Facilities |
| ESM64040 | PM259400 | Short term appointment |
| ESM64045 | PM259500 | Use of intermediaries |
| ESM64050 | PM259600 | Interaction with mixed membership partnership legislation |
| ESM65000 | PM260000 | Implementation matters: contents |
| ESM65015 | PM260200 | When an individual is treated as a salaried member |
| ESM65020 | PM260300 | Compliance & PAYE |
| ESM65025 | PM260400 | Capital assets |
| ESM65030 | PM260500 | Interest relief |
| ESM65035 | PM260600 | Auto-enrolment |
| ESM66000 | PM261100 | Global structures |
| ESM66005 | PM261200 | Overseas members |
| ESM66010 | PM261300 | Working for the UK LLP |
| ESM66015 | PM261500 | Profits from the UK LLP |
| ESM66020 | PM261700 | Condition A: global profits |
| ESM66025 | PM261800 | Cash plus basis |
| ESM66030 | PM261400 | Income from other firms |
| ESM66035 | PM261900 | Significant influence |
| ESM66040 | PM261600 | Capital of the LLP |