Partnership Full 14 - Adjustment to Income above for Basis Period

If the adjustment is negative, put a minus sign (-) before the figure.

If the partnership did not carry on a trade or profession in the tax year 6 April 2020 to 5 April 2021, that is, it carried on a pure investment business, the basis period is the tax year from 6 April 2020 to 5 April 2021. No adjustments for basis period will be required.

For full details of the rules for working out your basis period and any adjustments for basis period please see Help Sheet 222 - How to calculate your taxable profits.