United Kingdom

June 2025 United Kingdom

We've released the following new templates for ONESOURCE Corporate Tax:
Template
2024/2025
United Kingdom Partnership
1.158
This template versions will become the default template when you create a new calculation.

Upgrade to the latest template

Due to structural changes in the template, it is currently not possible to automatically upgrade 2024/2025 calculations that were created using the 2024 template. If you have 2024 / 2025 calculations that were created prior to the release of the 2025 template it is still possible to update these calculations but there are some simple additional steps you must take first.
  1. Open the calculation but select NO to upgrading the calculation.
  2. Delete any Partnership statements, typically the first statement will be A9 in the navigator, but this may change if it has been reordered. If you have calculations with multiple bases of preparation you may have added further copies, these should be deleted as well.
    note
    Note when you delete the statement you will be warned that this will also delete a number of other sheets. Select
    Yes
    .
  3. Save and close the calculation.
  4. Open the calculation and select YES to upgrade it.
  5. Insert the Partnership statement.

Updated Partnership tax return forms and efiling

This is the main update to ONESOURCE Corporate Tax Partnership for the 2024 / 2025 tax year. It includes updates to all the forms (SA800, SA801, SA802, SA803 and SA804) as well as the associated efiling requirements.

Indirect Partnerships

Where a partnership is a partner in another partnership there are reporting requirements which must be met to provide information to HMRC of the income derived from any investments in the other partnerships.
The reporting requirements vary depending on the number of partnerships the partnership has invested in. For both methods it is assumed that the income from the investment is already included in the profit or loss of the partnership and the disclosures are purely for reporting purposes.
Where the partnership has invested in 5 or more partnerships
HMRC provide a template to report the profits and losses from the partnerships that have been invested in which broadly follows the layout of page 6 of the SA800. This simplifies the reporting process for more complex partnerships.
We have implemented this template in ONESOURCE to support the reporting of profits and losses where there are more than 4 sources of income.
To add the sheet, select
Multiple source analysis
 from the
Insert Sheet
 window. When you have added the sheet, you must include a column for each source of income / partnership that has been invested in. One column is provided by default, additional columns can be added as required by selecting
Insert column
 from the menu.
In addition to providing the profits and losses for the income source it is necessary to allocate each source to the partners. This requires an allocation sheet to be added for each column. On the column you wish to allocate select
Insert sheet
from the toolbar. The insert sheet window will include a section at the bottom of the window with a partner allocation sheet. Select this and allocate the profits and losses as required.
Where the partnership has fewer than 5 sources
The reporting requirements for fewer than 5 sources are significantly different. For each source it is necessary to complete the pages of the Partnership Tax return relevant to the source of income with the partnership’s share of that income. For example, if you are receiving interest from the partnership, you would complete the
Partnership Savings, Investments, and Other Income
pages with the appropriate share of the interest. Having done this it is then necessary to allocate that share of the income to the partners.
Where you have four or fewer sources of income you must indicate that you wish to include sheets for reporting this income. On the Permanent information sheet mark the box for
Insert multiple source analysis?
For each source of income insert a Partnership statement from the Insert sheet window. Once you have inserted the statement select Multiple sources from the Basis of preparation dropdown.
This will reveal additional columns on the right-hand side of the sheet with data entry fields in each of the sheets below the partnership statement (e.g. Investment summary). Complete these with the share of the income relevant to this partnership. If there are several types of income, then complete the other sheets as required.
Having completed the income you should allocated the profits and losses to the individual partners using the allocation sheet which is included within the Partnership statement section.
Once the income has been completed and the amounts allocated you should add the appropriate form pages to the calculation. This is done in the same way as adding other pages of the tax return with each form being given a suffix of the income source you have added.
To assist you in reconciling the sources of income you can add the
Multiple source analysis
 sheet. This will add columns automatically for each of the multiple source statements you have added and will total the amount. You will not be able to add allocations from this sheet as it is assumed you will have completed this in the multiple source section.

Foreign branches

Support has been added to ONESOURCE to adjust the trading profit for foreign branches where a branch is non-taxable under one of the four bases of preparation. If the Income statement is used additional analysis of the amounts on a branch-by-branch basis can also be included. The branch adjustments assume the full income has been recognised in the income statement.
Non-taxable branch summary
To analyse non-taxable branch income, insert the
non-taxable branch summary
 sheet. This collates the amounts that are identified on the Branch sheet as being non-taxable and adjusts the trading profits of that trade accordingly.
Branches
Each branch is analysed on its own dedicated sheet. From the
Insert sheet
 menu select
Branch
to add a branch to the calculation.
The sheet is structured in a similar way to the trading section on the SA800. Enter the accounts values and disallowable amounts into the Per accounts and Disallowable columns on the branch. These columns are replicated for each basis selected in the computation and initially the values will automatically calculate using the amounts you have entered. If there are differences in the amounts for the other bases these can be overwritten to get the correct value.
Next select whether the branch is taxable or not for each base in the calculation. This is done using the selector on the top of the columns. Each column that is marked as non-taxable will be included on the No-taxable branch summary.
Capital allowances
Sheets have been added to analyse the Main pool and Special rate pool on a branch-by-branch basis. From the
Insert sheet menu
select the
Main pool analysis
sheet or the
Special rate pool analysis
 sheet as required. Each branch will insert a column onto this sheet. Enter the appropriate values for each branch and the amounts will be included on the respective branch sheet.

Fixed asset analysis

This release includes optional sheets to analyse fixed assets and reconcile amounts to the accounts.
Fixed asset note
The
Fixed asset note
 is an optional sheet which can be added to the calculation. This replicates the layout of the fixed asset note in the accounts and provides values to reconcile fixed asset additions and disposals.
The sheet includes 3 columns to classify the fixed asset movements, but additional column can be included if required. This is done by selecting Insert line item from the menu and choosing from the list of asset types. Additional asset types can be added if required.
Capitalised revenue expenditure
A new sheet has been added to track the movements on capitalized revenue expenditure and to adjust the trading result. The sheet can be inserted from the
Insert sheet
menu.
To complete the sheet, enter rows for each asset, enter either a writing down period or percentage depending on whether you want a straight line or reducing balance calculation of the depreciation. The depreciation will then be allowed against the total depreciation which has been identified in the profit and loss account.
Where there is more than one trade it is necessary to allocate the adjustment to each trade as required.
Tax analysis sheets
This release includes new sheets to analyse movements on pension contributions, provisions and also to adjust for capital items included in the profit and loss account.
These sheets require you to use the Income statement and are unavailable until it has been added to the calculation.
Due to the need to identify the classification for the tax return and the nature of the adjustment a new
Analysed as
 column has been added which contains a drop down of the potential tax treatments that can also be applied to the row.
Pension contributions
A new pension contributions sheet has been added which tracks the movement on the balance of the pension contributions and adjusts the trading result for the difference in the value in the income statement and the amount that was paid in the period.
On the
Income statement
 select
Pension contributions
from the
Analysed as
 column. Next insert the
Pension contributions
 sheet from the
Insert sheet
 menu. This will insert the pensions sheet and will automatically include the row from the Income statement which was identified as Pension contributions.
Where there are multiple pension schemes which need tracking it is necessary to add rows for each scheme in the Income statement.
Provisions
A new provisions sheet has been added to adjust values in the
Income statement
and track the movement in the provision.
On the
Income statement
 select
Provisions
from the
Analysed as
 column. Next insert the
Provisions
 sheet from the
Insert sheet
 menu. This will insert the sheet and will automatically include the row from the Income statement which was identified as Provisions.
Where there are multiple provisions which need tracking it is necessary to add rows for each scheme in the Income statement.
Capital items in revenue
To make the adjustment where there are capital items included in the income statement an option has been added to the
Analysed as dropdown.
To adjust the trading result for capital items, select Capital from the dropdown, this will add a row in the reconciliation section of the
Capital allowance additions
 sheet.
Depreciation and P/L on disposal
The analysed as column now includes options for Depreciation and P/L on disposal to reconcile the depreciation charge or the profit / loss on disposal on fixed assets between the Income statement and the balance sheet entries. Depreciation will reconcile to the
Fixed asset note
and
P/L on disposal
will
reconcile to the
Disposals analysis.
Partner allocation summary
Due to online filing limitations at HMRC certain amounts cannot be included on the Partnership statement (for example additional trades are filed on PDF copies of the form). We have also received feedback from customers that in some circumstances partnerships may not want to include all the elements of the calculation of a partner share to HMRC or other partners in the partnership.
We have therefore added the Partner allocation summary to ONESOURCE. This collates all the partner shares entered into the individual allocation sheets and presents the result into a single sheet. You can add more than one copy of this sheet if you are preparing the return on more than one base, in this case you should select the basis you require in the drop down on this sheet.
To add the Partner allocation summary select Insert sheet and then Partner allocation summary. After the sheet has been inserted select the required basis from the dropdown menu at the top of the sheet.

Partnership Return forms grouped together

In previous version of ONESOURCE the partnership return forms were added to the navigator in the order they were added to the calculation. We have received feedback that users were frequently reordering the forms. To minimise the need to do this in this release the forms will be grouped by their HMRC classification (all SA800’s grouped together, all SA801’s etc.)

This article applies to:

  • Product: ONESOURCE Corporate Tax