This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

unagreed partnership accounts and overpayment relief claim

simplytax
Posts: 85
Joined: Wed Aug 06, 2008 3:34 pm

unagreed partnership accounts and overpayment relief claim

Postby simplytax » Sun Jan 17, 2016 7:18 pm

If following the retirement of a partner from a professional partnership the closing wip in the accounts for the clients he dealt with for the year of leaving has not been agreed by him and the accounts and the profit allocation not finalised within the period for amendment of the partnership tax return, can an overpayment relief claim subsequently be made if the closing wip figure and the profit is subsequently agreed at a reduced figure?

Return to “Professionals in Practice & Industry”