SAM100281 - Records: set up taxpayer record: trust record and partner source (Action Guide)
When a trust becomes a partner in a partnership, follow steps 1 - 6 below.
For details of how to access any of the SA functions, select 바카라 사이트˜Index Of Functions바카라 사이트™ on the left of the screen.
| 1. | Decide which trustee or executor name you are going to use on the SA record. Normally this will be the main or first named |
| Ìý | Ìý |
| 2. | Ensure that you have a note of the partnership Unique Taxpayer Reference (UTR) and the date that the trust commenced as a partner |
| 3. | Set up an individual SA record in accordance with Action Guide 바카라 사이트˜Set Up Individual Record바카라 사이트™ (SAM100221), subject to the following advice |
| Ìý | * Enter the trustee바카라 사이트™s or executor바카라 사이트™s name in the Name field |
| Ìý | * In the Address field, enter the trustee바카라 사이트™s or executor바카라 사이트™s address |
| Ìý | * Do not enter the trustee바카라 사이트™s or executor바카라 사이트™s NINO |
| 4. | Use function AMEND TAXPAYER SIGNALS to |
| Ìý | * Set the Last SA Return Required For Year Ending 5 April signal to the 5 April previous to the date the partner source commenced |
| Ìý | * Set the No Repayment signal |
| Ìý | * Enter the trust UTR and the trustee바카라 사이트™s or executor바카라 사이트™s NINO in the Free Format Notes field |
| Ìý | * Set the SA Entry / Exit Letter Inhibited signal to 바카라 사이트˜Y바카라 사이트™ |
| 5. | Use function SET UP PARTNER to create a link between the nominated trustee바카라 사이트™s or executor바카라 사이트™s individual record and the partnership record |
| 6. | Make an SA Note on the partnership record of the name, address and UTR of the record that you have linked to the partnership record and name, address and UTR of the trust |