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»Ê¹ÚÌåÓýappÌýcustomer should make a return containing the information we have requested that will enable us to establish the tax charge. This means that giving only a single profit or loss figure for a trade is not sufficient; we need the supporting information that establishes that figure as accurate. If you receive a return where annual turnover is equivalent to, or more than, the VAT threshold, the partnership must complete the Standard Accounts Information (SAI) in order to satisfy the requirements of Section 8 TMA 1970.

»Ê¹ÚÌåÓýapp three line account annual turnover threshold was brought into line with the VAT threshold, helping to reduce the administrative burden on small businesses, from the 2009-2010 tax year. For 2013-2014 it is £79,000, for 2014- 2015 it is £81,000, Ìýfor 2015-2016 is £82,000,Ìýfor 2016-2017 is £83,000 and for 2017-2018 is £85,000.

»Ê¹ÚÌåÓýappre may also be occasions when a return is received where the annual turnover is equivalent to, or more than, the VAT threshold and only the SAI boxes covering ‘turnoverâ€�, ‘other expensesâ€� and ‘net profitâ€� have been completed (boxes 3.29, 3.63 and 3.65). »Ê¹ÚÌåÓýapp return is unlikely to have been completed fully and correctly. Detailed accounts and computations may also be attached. A return filed in this form does not fully comply with the statutory notice.

When reviewing a return for missing details you should also check that the SAI details have been entered, if required.

See the subject ‘Examples Of Omission Of Particular Boxes� (SAM122135) regarding effects of the omission of details on the SAI.

Notes:

1.	With the exception of partnerships which have a turnover of £15 million or more or CT partnerships, even where the accounts and computations have been sent with the return the SAI is not in the prescribed form. »Ê¹ÚÌåÓýapp return does not comply with the relevant notice and should be treated as unsatisfactory. See section ‘Unsatisfactory Partnership Returnsâ€� (SAM122160)
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2.	»Ê¹ÚÌåÓýapp same criteria apply to returns filed online as to those submitted in paper form
3.	»Ê¹ÚÌåÓýapp same principles which apply to completion of the SAI also apply to completion of income and expenses boxes on the Land and Property supplementary pages

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