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 report on the draft Finance Bill 2014. The committee also recommends that a fuller consultation should be carried out to target the legislation properly.
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 report on the draft Finance Bill 2014. The committee also recommends that a fuller consultation should be carried out to target the legislation properly.
