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
HMRC has issued revised guidance notes for taxing LLP members. George Bull and Malcolm Cook consider whether the taxman listened to the profession’s concerns
The ICAEW Tax Faculty has expressed support for the recently launched Fair Tax Mark (FTM) (see last week’s Tax Journal, page 8), saying it is ‘an initiative we are right behind’. The announcement was posted on the ICAEW’s website and has met with a mixed reaction from members.
Are payments into a retirement scheme ‘earnings’?
David Whiscombe answers a query on a shared joint venture with an offshore investor
Mark Baldwin considers the revised guidance on the new ‘salaried member’ rules, released last week by HMRC, that will treat members of an LLP as an employee for tax purposes in certain circumstances
The guidance concerns the salaried partner rules, which are due to come into effect on 6 April 2014. It explains that the purpose of the new rules is to ensure that LLP members, who are in effect providing services on terms similar to employment, are treated as ‘employees’ for tax purposes.
Group relief for underwriting losses