Clampdown on tax scams could hit LLPs
Accountants in limited liability partnerships could have their self-employment status challenged by the taxman as part of a clampdown on tax scams announced in the Budget.
In his Budget statement earlier on Wednesday, Chancellor George Osborne said that he was presenting one of the “largest ever packages of tax avoidance and evasion measures”, although many had already been announced.
New announcements included agreements to share information with two more tax havens: UK Crown Dependencies, Jersey and Guernsey and new legislation to stop companies avoiding tax when making “close company” loans to directors and shareholders.
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