We recently blogged about HMRC’s current initiatives to introduce further legislation surrounding the way partnerships and limited liability partnerships (LLPs) are taxed. This is aimed at reducing tax avoidance in a notoriously complex area; because partnerships and LLPs are flexible entities, tax planning in recent years has focused on the interaction of these with limited companies in order to reduce the burden of the 50% level of income tax. (more…)
50% tax rate • Business Tax • Personal tax • Personal Taxation • Tax Planning
We recently blogged about HMRC’s current initiatives to introduce further legislation surrounding the way partnerships and limited liability partnerships (LLPs) are taxed.…
By RJP LLP on 22 July 2013