Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Vestra's Scott: We do not fear HMRC partnership crackdown

by Elsa Buchanan on Dec 06, 2013 at 11:06

'We have always avoided the temptation to use that, because we felt it was slightly artificial any way,' he conceded.

Finally, there are implications for corporation tax too. 'If you and I are in partnership we pay 45% tax, but if you decide to do that purely to avoid corporation tax, you had the ability to transfer some of those profits to a limited company that was a partner within the partnership. That would take corporation tax off' he explained.

'If you have created a limited company just to divert profits, then that should be hit. I’d be supportive of that,' Scott added.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?

Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet