Holman Fenwick Willan (HFW) and Nabarro have become the latest firms to offer increased voting rights for their junior partners as HMRC’s new tax rules kick in.
HFW has given its junior partners voting rights after asking them to provide the firm with capital amounting to at least 25% of their annual earnings. Like many firms making similar arrangements, HFW’s move is in response to HMRC’s changes to how the employee status of partners at limited liability partnership (LLPs) is determined.
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