There was good news for small businesses and married couples, but bad news for partnerships, in the draft Finance Bill 2014 The government published its draft tax legislation on the 10th December, including policies announced in last week’s Autumn Statement, which aim for a “more transparent, efficient and simpler” tax system. One of the unexpected changes is the new rule regarding deemed salaried members of Limited Liability Partnerships (LLPs).

See more at: http://economia.icaew.com/news/december-2013/draft-finance-bill-outlines-tax-proposals#!