Prime Minister David Cameron said: “ The amount of money that people give to charities in this country is a testament to the generosity of the British people. Payroll Giving is a great idea because it makes giving easier and a normal part of life.”
Partnerships
HMRC CONSULTATION - PARTNERSHIPS: A REVIEW OF TWO ASPECTS OF THE TAX RULES
23 May 2013
As previously announced in Budget 2013, HMRC has published an open consultation to review two aspects of the tax rules as they relate to Limited Liability Partnerships.
The consultation Partnerships: A review of two aspects of the tax rules opened on 20 May 2013 and will close on 9 August. Comments and views are invited from any interested stakeholders as to the detailed design of the changes and on how to ensure that any impacts outside the specified targeted areas can be reduced without giving rise to uncertainty and avoidance.
The two aspects of the partnership rules being consulted upon are:
remove the presumption of self-employment for some members of Limited Liability Partnerships (LLPs) that seek to disguise employment relationships; and counter the manipulation of profit or loss allocations by some partnerships (not just LLPs) to achieve a tax advantage. Written during the Foreword of the consultation document, David Gauke MP wrote “Fundamentally, this consultation is about levelling the playing field. It will have no impact on those partnerships or LLP members that use partnership structures as Parliament originally intended.” This consultation is being released under Stage 3 of the 5 stage required for tax policy development, which sees legislation being drafted to effect the proposed changes which are set to come into force from April 2014.
Responses should be sent by 9 August 2013:
by e-mail to partnership.review@hmrc.gsi.gov.uk or by post to Partnerships Review Consultation, c/o Tax Administration Policy Team, HM Revenue & Customs, 1C/06, First Floor, 100 Parliament Street, London, SW1A 2BQ.
PARTNERSHIPS: DISGUISED EMPLOYMENT
17 July 2013
Following on from the publication of the Draft National Insurance Contributions Bill, Tax Information and Impact Note has now been published which describes the impact of the draft legislation which disapplies a part of the Limited Liability Partnership Act 2000.
This Tax Information and Impact Note describes the impact of the draft legislation as it relates to disguised employments within Limited Liability Partnerships .
If you have any comments about the draft Bill or the associated documents you can contact:
CIPP Policy News Journal
16/04/2014, Page 369 of 519
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