U.K. Professional Clients
U.K. Private Customers
Section 10 of LLP Act and section 1273 CTA 2009 is the main provision in the LLP Act covering the annual taxation of an LLP. The section is brief, and states that a trade, profession or business carried by an LLP shall be treated as thought carried on in limited liability partnership by its members. The effect of the section to ensure that members of an LLP are taxed under the self-assessment rules as thought they were partners in an ordinary partnership.
It means, that if a member of an LLP is not a UK resident, and non-UK domiciled, and the profits of the LLP appropriated to him or her are profits arising from trade, business, investments situated outside of the UK, then such member will not be liable to pay UK tax on such profits.