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The Draft Finance Bill 2014 includes a series of changes to the taxation of partnerships. Of the range of new rules, the aspect of most widespread application will be the new rules defining those individuals who will continue to be taxed as partners and those individuals who, alternatively, will be taxed as so-called "Salaried Members". This article looks at this change and its implementation in more detail and has been written by Alison Bond LLB, ACA, Tax Partner in the Professional Partnerships group of Deloitte LLP and co-author of Ray: Partnership Taxation.

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