JWD Accounting and Tax Services
JWD Accounting and Tax Services


A partnership is similar to a sole trader business but involves two or more people owning and running the business. To set up a partnership you will have to choose a name, a nominated partner and register with HMRC as a partnership. Each partner will also have to register for self assessment with HMRC and the partnership may also have to register for VAT or as an employer.


The nominated partner will have to complete and submit a partership tax return to HMRC each year. Each partner will have to submit a self assessment tax return with their share of the profit and losses from the partnership as well as any other income.


We offer to following services to partnerships:


- Advice on setting up a partnership


- Registration of the partnership and partners with HMRC


- VAT registration and VAT return filing (See our VAT page for more information)


- Registration as an employer (See our Payroll page for more information)


- Bookkeeping


- Monthly or quarterly management accounts


- Annual partnership accounts


- Preparation and submission of partnership tax return


- Preparation and submission of partner self assessment tax returns


- Tax and accounting advice


- All correspondence with HMRC on behalf of the partnership and partners

Contact us

If you would like to discuss any of our services or to arrange a free initial consultation, please contact us:



0131 346 7214



07738 929083







14/2 Hermand Terrace


EH11 1QZ


Alternatively, please use our contact form.

HM Revenue & Customs - Activity on GOV.UK

Compliance Handbook (Thu, 12 Dec 2019)
The aim of the Compliance Handbook is to give you clear and comprehensive guidance to help you and external customers understand and apply the penalties and compliance powers introduced by FA 2007 to FA 2013. The guidance is in two sections: The technical guidance (CH1 - CH199999) explains the legislation and the overall policy about the way it should be applied. The operational guidance (CH200000 onwards) explains how to use the penalties and powers in your job. We are still developing this manual and we will add further guidance as it is produced for all compliance matters, both technical and operational.
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