Barbed benefits: Taxes after the end of transfer pricing

Louis Baker suggests some options to manage the short-term impact ?of the termination of tax advantages for service companies

22 Nov 2013

It was a shock to hear a UK government tax announcement at a Liberal Democrat party political conference. It was even more surprising that the announcement was on the specifics of an aspect of taxation affecting partnerships and LLPs.

On 17 September, Danny Alexander, chief secretary to the treasury, announced at the liberal democrats' autumn conference that the tax benefits that could arise through a partnership or LLP operating a service company would be counteracted. During the speech, there was a strong undertone that professional service firms were conducting underhand, shady tax avoidance tactics which ?the government had only fortuitously stumbled across.

The government announced on 25 October 2013 t...

Want to read on?

This article is part of our subscription-based access. Please pick one of the options below to continue.
Already registered? Login to access premium content

Single User

  • - 10 issues a year delivered to you
  • - Digital edition of the magazine
  • - Access to premium content
  • - Access to the SJ Archives
  • - Weekly email newsletter
  • - Access to the SJ community online
  • - Advanced search feature
  • - Online support
  • - Access to SJ app- coming soon!
  • - 6 special focuses per year
  • - Special offers on SJ and IICJ events

Corporate User

The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.

To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on