Limited liability partnerships and disguised remuneration
By Niall Murphy
Shoosmiths commented in a previous article, issued on 2 December 2012, about HM Revenue & Customs’ (HMRC’s) proposals to tighten up the rules allowing members of a limited liability partnership (LLP) to be treated as self employed.
Draft legislation and guidance from HMRC was issued on 10 December following on from the earlier consultation. This legislation will apply from 6 April 2014, but is not likely to be in final form until July 2014.
As noted in a previous article, members of an LLP are currently automatically deemed to be self employed. As a result, a number of businesses have taken advantage of this presumption to make people, who in normal circumstances would be treated as employees, members of the LLP so as to save employers’ National Insurance…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
In Cooke v MGN Ltd, the High Court gave the first judgment on the serious harm test in section 1 of the Defamation Act 2013.
The Competition and Markets Authority has published the final order in relation to the Competition Commission’s investigation into the UK statutory audit market for large companies.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…