HMRC: partnership consultation — two avoidance issues

On 20 May HMRC released a consultation regarding the taxation status of some LLP members and the manipulation of profits and losses by partnerships.

The taxation of partnerships generally has been under scrutiny for a while, with the suggestion that some have been abusing the structures to achieve advantageous tax results, particularly in relation to NICs, income tax and capital gains.

The two aspects being consulted on now deal with aggressive schemes that address two unrelated issues where HMRC believes NICs and income tax are being avoided…

If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.

Briefings from Nabarro

View more briefings from Nabarro

Analysis from The Lawyer

  • pro neg

    Professional negligence: Claims vs reality

    Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem 

  • Google HQ

    Number crunching: Nabarro’s real estate

    Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm.  Google’s ...

View more analysis from The Lawyer


Lacon House
84 Theobald's Road

Turnover (£m): 116.30
No. of Lawyers: 360