You must complete this section to tell your tax office about the partnership's turnover, other receipts and expenses from this trade or profession.

Note that if the annual turnover is less than £15,000 for a full year, the Inland Revenue allows you to give only 'three-line' accounts, that is, income from this trade or profession, total allowable expenses and profits.

You should still complete each of the screens in this section - the text will tell you which boxes you can miss out, if your turnover is under £15,000. You can, however, give fuller information in the same way as larger businesses, if you prefer.
 

• Click here to complete the Turnover screen
• Click here to complete the Expenses screen
• Click here to continue to the Allowances/deductions section