Dan Roman

1 day ago | mondaq.com | Dan Roman |Nick Fagge

HMRC has revised its guidance on the application of the targetedanti-avoidance rule (TAAR) to Condition C of the salaried memberrules. The new guidance states that HMRC accepts that a"genuine contribution made by [an] individual to the LLP,intended to be enduring and giving rise to real risk" will nottrigger the TAAR.