Under proposed UK taxation rules, LLPs will no longer be able to defer their tax payments, creating problems for those with tight cash flows.
August 11, 2021 at 06:26 AM
6 minute read
Reporter
Law firms with tight cash flows face a financial headache from proposed changes to tax rules in the U.K., tax experts believe.
Under the new rules the ability for partnerships to defer when they pay their taxes will be impacted which could affect how many manage their cash flow. Accountants and lawyers add that some firms are also concerned about the speed of the changes, which will impact their financial planning.
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