New rules for the treatment of salaried LLP members

New rules for the treatment of salaried LLP members will take place from 6 April 2014. 

The new legislation does not apply to general partnerships or to limited liability partnerships formed under the law of jurisdictions outside the UK, even if the firm is operating in the UK.

It is only directed at salaried members of LLPs formed under the Limited Liability Partnership Act 2000 (LLPA) 

Finance Bill 2014 treatment of salaried LLP members