... and the problematic quasi-legislative nature of HMRC’s guidance.
When did we let this happen? And more fundamentally, why do we let this happen?
HMRC have gone back on their decision on how to tax limited partners.
In effect, a year ago they changed the law to impose tax, and now they’ve changed it back again (see Tax Journal, 14 February 2025). Hurrah for common sense.
But all this was done without spilling a single drop of legislative ink.
Even in the mess that is the US, an elected person makes an executive order which can be challenged quickly in the courts.
When did we accept that Parliament had delegated authority to people employed to write the manuals?
Home >Articles > HMRC’s U-turn on limited partners
HMRC’s U-turn on limited partners
... and the problematic quasi-legislative nature of HMRC’s guidance.
When did we let this happen? And more fundamentally, why do we let this happen?
HMRC have gone back on their decision on how to tax limited partners.
In effect, a year ago they changed the law to impose tax, and now they’ve changed it back again (see Tax Journal, 14 February 2025). Hurrah for common sense.
But all this was done without spilling a single drop of legislative ink.
Even in the mess that is the US, an elected person makes an executive order which can be challenged quickly in the courts.
When did we accept that Parliament had delegated authority to people employed to write the manuals?
