Partnerships given breathing space to pay tax
Taxman throws lifeline to partnerships
As part of the Business Payments Support Service (BPSS), large partnerships
will be able to negotiate with a partnership as a whole, to delay tax payments,
rather than each partner negotiating individually.
The partnership will have to convince authorities partners will be able to
pay their tax liability in full, in the next 12 months.
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tax break for large law firms