HMRC has recently issued surveys in collaboration with IFF Research, to randomly selected LLP members, regarding the taxation of Limited Liability Partnerships (LLPs).
While many farming families hoped the 2025 Budget would offer a glimmer of hope - following a year of protests and lobbying to scrap the Inheritance Tax (IHT) reforms announced last November - the Chancellor delivered limited relief on a sector that is facing mounting pressure.
As expected, the 2025 Budget will have a wide-ranging impact on businesses and individuals all over the UK. One area where the Government is to implement significant changes, is the electric vehicle (EV) sector. From April 2028, notable changes will take place, affecting both car owners, prospective customers, and retailers.
The recent Budget provided little to no relief to hospitality, leisure and tourism businesses - a sector battling relentless increases to costs, wages and taxes, compounded by falling disposable income levels among consumers.
The number of estates faced with paying Inheritance Tax (IHT) is likely to continue to rise, as the nil-rate bands – the amount you’re permitted to inherit without paying Inheritance Tax – remain frozen until at least 2031.
I was interviewed by LawFirmAmbition about the most common questions surrounding the topic of becoming a partner in a law firm. The questions below focus on the necesary skills needed to be an effective partner as well as the levels of responsibility and obligations you may take on in your new role. You can read the answers to previous questions here:
There's many questions to ask when considering becoming a partner in a law firm, especially about the financial aspects. How can I work out the financial returns? Are there risks? Andy Poole, Legal Sector Partner, answer some of those FAQs.
I was interviewed by LawFirmAmbition about the most common questions surrounding the topic of becoming a partner in a law firm. The questions below focus on the capital you are asked to contribute and what is expected of you as a partner. You can read the answers to previous questions here.