Members of a Limited Liability Partnership (LLP) are generally treated as self-employed for tax purposes. However, HMRC has long been concerned that some members, particularly those with a fixed profit share, are not truly partners but are instead working in a way that closely resembles employment. This situation is often referred to as “disguised employment”. Before the relevant “anti-avoidance” rules were introduced, members of an LLP were always taxed as self-employed, eve

Corporation tax compliance is a key responsibility for every company by helping to ensure that businesses contribute fairly while also encouraging proper record keeping and accountability. The rules are complex and can feel onerous for many business owners however, especially when accounting periods don’t align neatly, or when HMRC raises questions about a return. Professional guidance is essential to ensure your corporation tax compliance is managed smoothly and efficiently.

In business, there are often situations where future costs are likely, but the exact amount or timing is uncertain. These are recognised in the accounts as provisions. A provision is an estimate set aside in the accounts to cover an obligation that has already arisen but has not yet been settled. For example, this could be a warranty on goods sold, an expected legal claim, or a debt that is unlikely to be recovered. Are provisions deductible for tax purposes? Tax authorities