Overseas Partnerships and Unique Tax Reference numbers
A practical problem arises when UK resident individuals have income to report from overseas partnerships.
In all other cases where a partner reports their share of partnership income their tax return has to include the partnership’s unique tax reference number (UTR). But not all overseas partnerships have such a number – eg: when the partnership is not trading, managed or controlled in the UK.
HMRC have now confirmed that in such cases UK resident individuals should enter their own UTR on the partnership page of their tax return.
HMRC have also published separate guidance which covers non-UK resident investors in investment partnerships.