Help PLEASE Tax forms. Brain melting. Sunday. Wine. Ahhhhh

[ThatssomebadhatHarry]

My DH went into a small tradesman business with a mate and this is the first time doing tax. He is nominated partner.

He was under the impression that he fills partnership tax return detailing money from jobs after business deductions. Then him and mate do one themselves that details the deductions such as him paying for business car insurance, share of mobile phone usage etc. There things come out of our own account not business. Then each partner has own tax bill based off this.

Now he is completing the form it seems as if deductions come off business. Ie he pays xx for insurance and partner pays xx for insurance, this is added together and deducted from both tax. Is this correct? So if partners car insurance is £100 and his is £50 then he would be better off this year as they pay for things like this separately from their own accounts.

Has he fucked up?!

When is the year end of the partnership?

Why are they trying to run a partnership without an accountant?

Partnership accounts cover all of the income and expenditure.
All that goes onto their individual returns is their share of the net taxable profit.

As @Ta1kinPeace says, he needs an accountant to make sure you're calculating liabilities correctly.
Don't forget 31 January deadline!