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Lords call for delay to LLP tax reforms

Accountancy Age

CHANGES in the taxation of limited liability partnerships should be delayed until April 2015 in order to give firms affected an opportunity to adjust, the House of Lords Economic Affairs Committee has recommended. The government’s current intention to introduce the legislation with the Finance Bill on 6 April gives “too little time to settle all the outstanding issues, get the legislation right and enable businesses to adapt to that legislation in time for…

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