The government has concluded that limited partnerships (LPs) continue to fulfil important functions in key sectors of the economy, while confirming it will introduce changes to limit their potential misuse.
The government has confirmed that delayed introduction of the NICs bill means employer NICs on payments above £30,000 will not now apply until 6 April 2020.
The Income Tax (Pay As You Earn) (Amendment No 2) Regulations, 2018/1327, make consequential amendments to the PAYE regulations to provide for the new Welsh rate of income tax from April 2019. These amending regulations come into force on 1 January 2019.
The public bill committee concluded its consideration of the Bill on 11 December (ninth sitting). The following clauses were agreed without amendment:
HMRC has published the following:
On 29 November and 4 December, the public bill committee (PBC) agreed a further group of clauses without amendment.
On 29 November (third and fourth sittings), the PBC agreed the following: