Salaried Members of LLPs – One Month to Tax DeadlineMarch 2014
HMRC has issued updated guidance on the new tax rules for salaried members of limited liability partnerships (LLPs) that will apply from 6 April 2014. As we have been reporting since March last year, the changes will have a significant impact on construction professionals operating as LLPs.
In this article James Hutchinson discusses the actions LLPs should take, what conditions determine an individual member to be an employee for tax purposes and also provides answers to some frequently asked questions arising from the updated guidance.
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