Regulation 3 Amendments to the 2009 Regulations

Subject to paragraphs (2) to (4), Schedule 1 (which contains amendments to the 2009 Regulations) has effect.

The substitution made by paragraph 5 of Schedule 1 does not have effect in relation to annual returns required by section 854 of the Act to be made up to a return date before 30th June 2016.

In relation to an LLP that was incorporated on 30th June 2015, section 853A(5)(a)^f1 of the Act has effect as if it read—

“(a)

the period of 12 months beginning with the day after the LLP’s incorporation;”

Any reference in section 853A of the Act, as applied to LLPs with modifications by paragraph 5 of Schedule 1, to a review period is to be read as including the period of 12 months beginning with the day after the LLP’s last return date.