0800 140 4644
Stamp Duty and Land Tax
Lorem ipsum
What taxes do partners pay?
Partners pay three different taxes to HMRC based upon their share of profits:
- Income tax – based upon a percentage of how much your share of the profit is;
- Class 2 National Insurance contributions – a fixed fee each week; and
- Class 4 National Insurance contributions – also based upon a percentage of how much your share of the profit is.
Partnerships are not liable to any profit-based taxation themselves although they may be liable for other forms of tax which we cover below.
Tools and resourcesLorem ipsim dolar amet?
Lorem ipsum dolar somat amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet
Lorem ipsum dolar somar amet?
Lorem ipsum dolar somat amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet ipsum dolar somar amet
Confused?
We understand that for many businesses having to grapple with accountancy, bookkeeping and finances can be a real headache, forcing your focus away from your passion. With over twenty years of experience together our dedicated team of industry professionals is happy to help clear things up.
CONTACT US
Get in touch
We are proud to offer a range of accounting, bookkeeping and training services for a variety of sectors under different structures. We would love to have a chat about your requirement so please get in touch today using the contact form below.
Contact Information
Our friendly team is on hand to answer any of your queries. We will contact you within 24 hours to discuss your requirements and give an indication of pricing. Alternatively, you can contact us via phone or email using the details provided below:
FIND US ON
Find your nearest office
INSIGHTS
Unearth useful news & insights for your business
We believe that information about how businesses can operate smoothly and efficiently as they can, should be available to everyone – our insights are here to help you succeed.
LATEST INSIGHTS
-
Everything You Need to Know About Filing UK Self-Assessment Tax Returns
Filing a Self-Assessment Tax Return can feel daunting, but it doesn’t have to be! Whether you’re a sole trader, landlord, freelancer, or company director, ensuring your tax return is filed correctly and on time is crucial to avoiding penalties and maximising tax savings. At Black & White Accounting, we help you navigate the process smoothly,…
-
Christmas Crackers: Toy or Party Product? The VAT Classification That Sparked a Festive Debate
At first glance, a Christmas cracker may seem like nothing more than a light-hearted festive novelty—containing a paper hat, a joke, and a small toy. But behind this seasonal tradition lies a much more serious issue for manufacturers and retailers: VAT classification. The question at the heart of a now well-known VAT debate was this:…
-
What to Look for in an Accountant: Qualifications and Red Flags
Choosing the right accountant is one of the most important decisions for your business. The right professional can save you time, money, and stress, ensuring that your finances are managed efficiently. But how do you know who to trust? At Black & White Accounting, we believe in transparency, expertise, and trust, and we’re here to…
STAY UP TO DATE
Newsletter Sign Up
Stay up to date with the latest news and updates from Black & White Chartered Certified Accountants