23 May 2007
I have several cases where HMRC have challenged a small company's claim to corporation tax at 19%, on the basis that the company is associated (via the controlling director) to companies under the control of his numerous (over 100), but unknown, partners in film or information technology limited liability partnerships. Although the director takes no interest in the day-to-day running of the LLP, it has been taxed as trading income/losses.
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
