HMRC sticks to timetable for partnership tax changes
New measures to combat alleged tax avoidance by limited liability partnerships will come in to force on 6 April despite protests from the legal profession and the City, HM Revenue & Customs has confirmed.
A revised technical note and guidance on the ‘Salaried members rules’ appeared on the HMRC website on Friday afternoon. The rules are intended to prevent the abuse of LLP status by ‘disguised employees’.
Credit: Law Gazette