London Partners Jolted by Prospect of 15% LLP Tax Hit—And Plotting Counterstrikes

Fear of a 15% tax on partner earnings is unsettling London’s law firms, with some reconsidering their LLP structures—and even ...
Spear's

Budget 2025: Rachel Reeves could target LLPs – here’s what it means for UHNWs

Rachel Reeves could target LLPs – here's what it means for UHNWs Ahead of the tax rises anticipated in Budget 2025, experts ...
The Lawyer

LLP tax calculator: How much more could you pay?

A new tax on limited liability partnerships (LLPs) is expected to be announced in the Autumn Budget. Chancellor Rachel Reeves is understood to be preparing a levy like employers’ National ...

Treasury’s LLP tax proposal could add £46,000 burden per partner

Law firms’ partners could face an additional £1.4bn in tax each year if the Treasury goes ahead with imposing a 15 per cent ...