Partnership taxation: HMRC sets sights on partners with tax proposals

HMRC’s internal issues with the tax treatment of partners could lead to an unwieldy tax framework for partnerships if the proposals in the latest consultation on the tax treatment of partners gets the go-ahead. Mark Cawthron, specialist tax writer at CCH, unpicks the proposals and considers the pros and cons from a partnership perspective

Of 25 consultation documents put out by HMRC in August 2016, one headed Partnership taxation: proposals to clarify tax treatment, has rather sat below the radar. But if the possibilities canvassed there were to be carried through they will, arguably, constitute a significant change for partnerships. The consultation closed on 1 November 2016 - the government’s direction of travel may emerge at this month’s Autumn Statement.

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