It is now possible to generate NRL Annual reports.

The report is generated for non-UK Investors (Main Investors only and not for Profit Share Investors) with active investments i.e. investments in Partnership companies that have not been sold completely and have income/expense to report for the report period.

A new general admin setting under the Admin  General SettingsAccounting tab, has been added to input the HMRC Reference # that will be used in the report header.

1. Go to Reports > HMRC Reports > NRL Annual Report
2. Choose astart and end date.
   Note : The dates will default to the last tax year April 1 to March 31.
3. There will bean optionto generate the report as either pdf or excel.
   Note : If the pdfoptionis chosen, only the AR Summary page will be generated.
4. The report will be opened when it is generated.
5. OneconsolidatedExcel Report is generatedwith two sheets, ie AR Summary tab and AR Details tab.

The AR Summary tab lists each Investor with stakes in active Partnerships during the report dateson a new row along with that Investor's share of the Partnership's transactions during that period.

1. The first column in the report will display the Investor Name.
2. The second-sixth columns in the report will display the Investor’s Address (Address 1, Address 2, Address 3 (Town), Address 4 (Postcode) and Address 5 (Country)).
3. The seventh column in the report will display the PIN set under Investor  Investor Details  Tax tab, Non-UK Resident Landlord PIN field.
4. The Rent column displayed the total of all transactions in an Income MTD Nominal Group during the report date period for all active partnerships this Investor has stakes in.
5. The Expense column is only displayed if an Investor listed in the report does not have a Non-UK resident landlord pin. This column will then display the total of all transactions in an Expense MTD Nominal Group during the report date period for all active partnerships this Investor has stakes in.
6. The Tax column is only displayed if an Investor listed in the report does not have a Non-UK Resident Landlord PIN. This column displays the calculation of Income-expense*0.20.

Note : Records of the reports generated will not be kept and transactions can potentially be included in multiple reports.

The AR Details tab lists each investment for each Investor.

1. Each investment shows the Investor’s share percentage of MTD reportable transactions for each of his investments.
2. The Rent column displays the total of all transactions in an Income MTD Nominal Group during the report date period.
3. The Expense column is only displayed if a Investor listed in the Report does not have a Non-UK Resident Landlord PIN. This column displays the total of all transactions in an Expense MTD Nominal Group during the report date period.
4. If the investor had stake transferred during the report period, this will be reflected on theAR Details sheet in thereport.The row for that company will be split with each one specifying the date range and the percentage for that period.

For details for the transactions that are included in the Annual Report, click here.