All active UK limited companies (and some dormant ones) must file corporation tax returns, typically, every year. As a company director or shareholder, you will want to make sure your company tax return is filed properly and on time, which will enable your company to meet its legal obligations and avoid late penalties.
You will also want your company tax return to make the most of any allowances and choices you can make to minimise your total corporation tax liability.
A partnership tax return is required to aid assessment of the individual partners. All partnerships are required to complete and file a partnership tax return to aid the assessment of the members of the partnership, including any corporate members.
The notice to file a tax return requires a return of information reasonably required to establish the amounts in which each partner is chargeable to income tax or corporation tax and the amount of income tax payable. The amount of tax chargeable is a net amount so takes into account any relief or allowance for which a claim is made by the partnership. The amount of income tax payable is also a net figure and takes account of any income tax deducted at source and any tax credits.