LLPs and tax: When is a member not a member?
THERE WAS A collective sharp intake of breath last week as members of LLPs across the country learned of the details of HMRC’s proposed approach for tackling ‘disguised employment’, which, it had perceived, a number of LLPs were guilty of. The legislation now proposed to deal with this issue looks set to give rise to a fundamental change in how many professionals and other users of LLPs are taxed. The scale of these…
Read more here: Accountancy Age