How an LLP differs from a limited company
An LLP gives members the limited liability of a company with the tax transparency of a partnership. The LLP itself pays no Corporation Tax; instead it reports its profit on a partnership return and each member is taxed personally on their share through Self Assessment. On the filing side, though, an LLP looks much like a company: public accounts at Companies House and an annual confirmation statement.
What an LLP must file
- Annual accounts to Companies House — 9 months after the year end
- Confirmation statement — at least every 12 months (£34 fee)
- SA800 partnership return to HMRC — reporting the LLP’s profit and how it’s split
- Each member’s Self Assessment — taxing their share of the profit personally
What we do
- Prepare the LLP’s year-end accounts and file them at Companies House
- Prepare and file the SA800 partnership return with HMRC
- Prepare each member’s Self Assessment (optional add-on) so figures reconcile
- File the confirmation statement and track every deadline
Fixed £399 + VAT for micro LLP accounts + SA800; members’ personal returns £199 + VAT each. Call 0114 327 1480.