The consultation period for submissions on HMRC Partnership Consultation Document which has the potential to affect all partnerships ends on 9th August 2013.
If the proposals are confirmed, which is likely to be either December 2013 or March 2014, then all salaried partners will be affected with additional costs born by the partnership.
Corporate partner arrangements are also under threat.
Anybody wishing to make a submission should do so through their own professional body.
Leave a Reply