HM Treasury is consulting until 5 October 2015 on changes to UK limited partnership legislation to make such partnerships more effective vehicles for private equity and venture capital investments.
The case of Gordon Lye had a happy ending, but it explores interesting issues arising from VAT law and partnership law, writes Graham Elliott (City & Cambridge Consultancy).
Members of an LLP and loss relief
The Income Tax (Construction Industry Scheme) (Amendment of Schedule 11 to the Finance Act 2004) Order, SI 2015/789, relaxes the construction industry scheme compliance tests with effect from 6 April 2015 for all members of joint ventures where one member already has gross payment status.
OUR PICK OF THIS WEEK'S CASES
Appeal by a partner who is not the representative member
In Eclipse Film Partners No. 35 LLP, the Court of Appeal ruled that the film partnership’s activities did not constitute trading. Chris Bates and Judy Harrison (Norton Rose Fulbright) examine the judgment and consider the consequences
Jackie Wheaton (Moore Stephens) answers a query on the tax consequences of the liquidation of an LLP.
Allan Cinnamon provides an update on tax treaty developments
Exit charges and freedom of establishment