Partnership in UK Law
UK Government Launches Cybersecurity Partnership
On March 27, 2013, the UK Government announced the Cyber Security Information Sharing Partnership (“CISP”), a partnership between government and industry to share intelligence on cybersecurity thre...
- Partnership Planning: Considering Partnership
UK Tax: When Partnership Is Not Partnership
The recent decision of the First Tier Tribunal (FTT) in the unusual case of R. Ashton v HMRC  UKFTT 727 serves as a useful reminder to taxpayers of two issues: (1) the potential for confusion...
New UK Limited Partnership for Private Funds
On 6 April 2017, a new form of limited partnership came into existence with the introduction of a ‘private fund limited partnership’ (PFLP) under the Legislative Reform (Private Fund Limited Partne...
Enhancing the US-UK Sanctions Partnership
The Directors of the UK Office of Financial Sanctions Implementation (OFSI) and the US Office of Foreign Assets Control (OFAC), Giles Thomson and Andrea Gacki, have announced, via a joint press sta...
Draft Legislation Published on UK Partnership Taxation
Earlier this year, HM Revenue & Customs published various ideas to ‘clarify’ the tax treatment of partners in partnerships, as part of its response to a consultation on changes to the taxation of U...
The risk of uncertain partnership arrangements
The risks for partnerships operating without a written partnership agreement in place are well known. A recent Court of Appeal case is a useful reminder that these risks can arise in the period aft...
Limited Partnership Reform – Streamlining the Existing UK Limited Partnership Regime for Private Funds
On 6 April 2017, changes to the law governing UK limited partnerships will come into effect through the Legislative Reform (Private Fund Limited Partnerships) Order 2017 (the "LRO"). The changes in...
Modernisation of UK limited partnership legislation: private investment funds
A new form of limited partnership, the private fund limited partnership (PFLP), has been introduced in the UK from 6 April 2017. This follows industry lobbying to modernise UK limited partnership l...
Simplification of UK Partnership Tax Reporting for Investment Fund Partnerships
In the Finance Act 2018, the UK Government enacted a number of changes to the information required in partnership returns that raised the concern of undue and impracticable administrative burden be...
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