HMRC internal manual

Partnership Manual

PM211050 - Companies in partnership

The term ‘company partnership’ is used to describe a partnership in which at least one member is a company. This section concentrates on mixed member partnerships that include individual members and company members subject to Corporation Tax (CT). Some partnerships may comprise only company members, where all the company members are within the charge to CT, the partnership is described as a ‘CT partnership’.


The main difference between company partnerships and CT partnerships relates to return periods. Return periods for company partnerships follow the normal rules in respect of taxed and untaxed income - as per the guidance at PM162000 onwards. CT partnerships should return details of all classes of income, taxed and untaxed, for the partnership’s accounting period or periods ending in the tax year.