UK LTD Taxation have a question?

[bastard]

From a providers website I read this

TAXATION Generally, As long as the UK LLP has non-resident members, and does no business in or from within the UK the LLP is not taxable in the UK, however the LLP does still have to file A tax return. However we have all of the information that is needed if we are arranging the members. WE DO NOT NEED INFORMATION FROM YOUR CLIENTS FOR THE TAX RETURN.When the UK change the system to make online filing compulsory, it unwittingly introduced a requirement that forces us to register all members for tax purposes.

If your client will be a member of a LLP then they will be registered at the UK tax authority and get a tax number. The UK LLP is similar that it has to file accounts at the companies registry within 9 months of the anniversary of incorporation, called the accounts date. And every year on the accounts date. Failure to file accounts or to file false accounts is a criminal offence. Automatic fines of £100 are imposed on each MEMBER for the non-filing of accounts with the tax office, and the LLP is fined FROM ATLEAST £150 to GB£3000 in the companies house.

Is this true or not? If so is the LLP the same as a LTD in the UK or do the same rules apply?

 

[Artemis Eleutheria]

In general terms you have more liabilities with an LLP than with a LTD, but less than with a general partnership.

Basically the LLP was invented to save the asses of the PWCs and Deloittes of this world.