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AS2013: Advisers concerned over lack of partnership avoidance detail

Accountancy Age

TACKLING tax avoidance through partnerships will be introduced in the 2014 Finance Bill, looking to make a £3bn haul for the Treasury, but advisers have expressed surprise about the lack of detail in the plans. The government had targeted partnerships over tax avoidance, where profit allocation provides opportunities for tax avoidance. Changes to the tax rules will likely affect most professional practices, including accountancy firms. Details revealed in the Autumn Statement…

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