FTT in BlueCrest Capital Management UK LLP v HMRC is first time the UK’s salaried member rules have been considered in the context of an asset management limited liability partnership LLP. Overview of Salaried Member Rules, Variable Remuneration and Significant Influence.
The recent decision of the First-tier Tribunal (FTT) in BlueCrest Capital Management (UK) LLP v HMRC (29 June 2022) is the first time the UK’s salaried member rules (the Rules) have.