PARTNERSHIPS

James McCredie

HMRC’s new consultation highlights a number of administrative changes which could make life easier for HMRC and taxpayers. However, a couple of the proposals to change substantive tax charges may have unwanted side effects, writes James McCredie (Macfarlanes).

Cathya Djanogly

Partner’s return inconsistent with partnerships’ return

Laura Charkin

Stephen Pevsner

Laura Charkin and Stephen Pevsner (King & Wood Mallesons) look back on a turbulent year for fund managers and consider the proposed new ‘income-based carried interest’ tax rules.

Santhie Goundar

The Cultural Test (Television Programmes) (Amendment) (No.

Michael Conlon KC

Julian Hickey

‘They also pay who only sit and wait…’ Michael Conlon QC and Julian Hickey (Temple Tax Chambers) examine the High Court decision in Rowe on the legality of partner payment notices.

Santhie Goundar

HM Treasury is consulting until 5 October 2015 on changes to UK limited partnership legislation to make such partnerships more effective vehicles for private equity and venture capital investments.

Anthony Newgrosh

Anthony Newgrosh (BKL) considers the introduction of a new corporate partner into an LLP under mixed partnership rules.

Graham Elliott

The case of Gordon Lye had a happy ending, but it explores interesting issues arising from VAT law and partnership law, writes Graham Elliott (City & Cambridge Consultancy).

Cathya Djanogly

Members of an LLP and loss relief

Santhie Goundar

The Income Tax (Construction Industry Scheme) (Amendment of Schedule 11 to the Finance Act 2004) Order, SI 2015/789, relaxes the construction industry scheme compliance tests with effect from 6 April 2015 for all members of joint ventures where one member already has gross payment status.

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