The Chancellor will deliver his Autumn Statement on 4 December 2013. This is when we will find out what measures are being proposed for inclusion in the 2014 Finance Bill.

Key measures proposed to-date include:

  • Changes to partnership taxation to remove the presumption of self employment from LLP members to avoid "disguised" employment and to restrict avenues for potential profit manipulation in mixed partnerships.
  • Changes to the loans to participator tax regime to incease the tax charge (this follows the measures enacted in 2013 which affect bed and breakfasting loan repayments and benefits conferred via partnerships and trusts.

Both of these are opposed by the various tax bodies on grounds ranging from "this adds extra complication" to "what's broken? We can't see what you are trying to fix".