Law firms have been warned to anticipate an investigative "onslaught" by HM Revenues & Customs (HMRC) as the body targets the personal expenses of partners. Business and financial adviser Grant Thornton today (6 November) said firms should expect a barrage of enquiries from HMRC into personal expenses, as well as calculations of work in progress and accrued income.
November 06, 2007 at 11:06 AM
1 minute read
The original version of this story was published on Legalweek
Law firms have been warned to anticipate an investigative “onslaught” by HM Revenues & Customs (HMRC) as the body targets the personal expenses of partners.
Business and financial adviser Grant Thornton today (6 November) said firms should expect a barrage of enquiries from HMRC into personal expenses, as well as calculations of work in progress and accrued income.
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