Partnership Tax Services

Partnership Tax – Compliance

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Partnerships (particularly LLPs) are an increasingly popular choice of trading vehicle for businesses, as they provide greater flexibility for members and investors compared to Limited companies.

We work with a large variety of partnerships – from international professional practices to private equity groups, surveyors, medical practices, family partnerships and investment partnerships – but in each case we provide a tailored service to your business needs and understanding the ethos of your firm.

Any UK partnership must file an annual Self-Assessment tax return and we provide support from the simplest to more complex partnerships. In preparing any partnership return we consider the correct approach to adopt, which may vary dependent upon whether the partnership has any Corporate Partners.

The current HM Revenue & Customs self-assessment regime places an increasing compliance burden on individual partners, while complex rules surrounding partnerships require the expertise to navigate often arduous tax obligations.

We also work with the UK operations of overseas partnerships and expansion, drawing on the expertise of our international network on cross border issues.

Partnership Tax – Advisory

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We can help with a wide range of issues including identifying suitable tax and financial planning opportunities, dealing with the information required to develop personal strategies for partnerships, individual partners and members.

We also work with the UK operations of overseas partnerships including expansion to the UK, drawing on the expertise of our international network on such issues.

We provide a full range of advisory services for partnerships and their partners, including:

  • Dealing with partnership changes, appointments and retirements
  • Mergers and acquisitions
  • International partnerships
  • Incorporation of LLPs
  • Profit extraction
  • Use of corporate partners and service companies
  • Use of service companies

Partnerships #BrighterThinking insights:

For more information on our Partnership Tax services, or to get in contact with our Partnership Tax team please complete the below form:

    Service head

    Todd Wootton


    Todd Wootton is a Manager in Menzies Private Client team based at the London office.