Policy paper
Tax treatment of limited liability partnerships
This Tax Information and Impact Note is about the treatment of certain limited liability partnerships for Income Tax, Capital Gains Tax and Corporation Tax.
Documents
Details
This measure confirms that when an limited liability partnership (LLP) has delivered an LLP partnership return on the basis of operating 鈥榳ith a view to profit鈥� and is then found to be operating 鈥榳ithout a view to profit鈥�, HMRC can still amend the LLP members鈥� returns based on the LLP return as originally submitted.
Updates to this page
Published 11 March 2020