By way of a summary of current UK tax legislation, a member in an LLP is treated as self-employed even if that member is actually an employee. This
HMRC is consulting on two aspects of the tax treatment of partnerships. The consultation is open from 20 May 2013 to 9 August 2013 with
HM Revenue and Customs ("HMRC") published a brief on payments of "trail commission" on 25 March 2013. In this
Last week HM Revenue and Customs (HMRC), the UK’s tax authority, issued revised record-keeping requirements affecting dual contract arrangements.
For the purposes of deciding how a member is to be taxed on the income they derive from their interest in an entity, HM Revenue & Customs (“HMRC”), classifies various foreign entities as either fiscally “transparent” or “opaque.”