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HMRC internal manual

Self Assessment Manual

From
HM Revenue & Customs
Updated
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Records: set up taxpayer record: trust record and partner source

A link is required between the partnership SA record and the record for each partner because, for example, the partnership may incur a penalty for non-submission of the partnership return. The penalty flows automatically to the linked SA record for each partner.

Exceptionally a trust or executor may be a partner in a partnership. A partner source cannot be entered on a trust SA record.

Trust as partner 

Where a trust or executor is a partner you must 

  • Set up an individual SA record in the name of a nominated trustee / executor
  • Make a link between that record and the partnership record

Note: Do not put the nominated trustee / executor’s NINO on this record. It will be required for their own record. Using function AMEND TAXPAYER SIGNALS, make a note of the NINO in the Free Format Notes.

An SA return is not required from the nominated trustee / executor from this record, so you will need to set the Last SA Return Required for Year Ending 5 April signal to the 5 April previous to the date the partner source commenced. Set the SA Entry / Exit Letter Inhibited signal to ‘Y’. Any income of the trust or period of administration arising from this source will be included in the return issued from the trust record.