The Office of Tax Simplification (OTS) has published its third and possibly final report on the subject of the taxation of partnerships for smaller unrepresented businesses that are trading in an unincorporated form. Mark Waddilove (Baker Tilly) which responded to the consultation, assesses the report.
The Office for Tax Simplification (OTS) has published its final report and recommendations on the taxation of partnerships.
This year’s Finance Act has made significant changes to the taxation of partnerships with a mix of individual and non-individual members. Howard Murray and Josh Lom (Herbert Smith Freehills) provide your guide to the new rules
Limitation to loss relief in relation to partnership share
Jeanette Zaman and Zoe Andrews write that the recent changes to the partnerships tax rules highlight an increasing trend for loosely drafted, wide-reaching legislation that requires reliance on detailed guidance to identify its actual anti-avoidance targets
Your guide to the key measures from the Budget, provided by Lexis®PSL Tax and Lexis®PSL Private Client.
The government is to press ahead with its plans to bring in its limited liability partnership (LLP) tax reforms on 6 April 2014 in spite of the House of Lords Finance Bill Sub-Committee (FBSC) calling last week for a delay, following critical evidence from the Law Society about the impact on soli
Helen Lethaby reviews recent developments affecting the City
Proposed changes to the taxation of limited liability partnerships (LLPs), due to come into force from April, should be delayed until 2015 to allow business to adapt to the changes, the House of Lords Economic Affairs Committee's Finance Bill Sub-Committee (FBSC) has recommended in its