Hi
Just an update for anyone who is interested.
I found it a bit tricky as it was the first time filling in the forms and we are a partnership so it's a bit more complicated.
There is a partnership tax return, a partnership statement for each partner and the online self assessment to complete for each partner.
Took about a morning for the paper returns (believe it or not you can't file a partnership tax return online to HMRC you have to buy commercial software). So I sent paper forms to beat the deadline of 31st October.
About a morning for the online self assessment.
Tax bill just about the same as last year, slight increase but I think that's because NI contributions are now collected with your tax return or maybe I could have claimed for a bit more expenses.
Overall, for the time invested and now that I know how to do it quite pleased with saving £450 on the accountants bill and just the same amount of tax to pay!
