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Smaller law firms “face battle to keep junior partners” as HMRC deadline looms

Smaller law firms are struggling to retain their junior partners in advance of tough new capital requirements set out by HM Revenue & Customs in its crackdown on fixed-share partners avoiding PAYE tax, an executive search firm has claimed.

July 3rd, 2014 | 1 Comment »

HMRC to press ahead with LLP tax changes on 6 April but offers some concessions

Controversial changes to the taxation of LLPs will go ahead on 6 April, HM Revenue & Customs announced late last week, but has made some small concessions in response to the concerns of lawyers and others – including giving more time to contribute capital.

February 24th, 2014 | No Comments »

Solicitors warned over “harsh” impact of impending LLP tax changes

The effects of the planned changes to the taxation of LLPs will be “far harsher than originally expected” and could put a significant strain on finances come April, solicitors have been warned.

January 27th, 2014 | No Comments »