Salaried Members’ Rules - A Bitesized Update

Introduction

The Salaried Members Rules were introduced in 2014 in an attempt to ensure that members of LLPs, who provide their services on terms more like those of employees than of partners in a partnership, are treated as employees for tax purposes.

With the rules now having been in place for a few years, advisers have been able to build up experience of HMRC’s approach to enforcing these rules, and the first Tax Tribunal decision dealing with the rules was released in summer 2022.

What You Will Learn

This webinar will cover the following:

• The specific conditions which determine whether the rules apply to a particular member of an LLP
• Definitions
• Anti-avoidance provisions within the legislation
• How HMRC interprets the legislation
• Recent case law - Bluecrest Capital Management (UK) LLP v HMRC

This pre-recorded webinar will be streamed at 12:30pm on Friday 25th November 2022 and will remain available to view by delegates who have registered by then for 90 days.