Some of the City's leading law firms have launched a lobbying drive after learning they will not be able to claim tax relief on costs relating to equity partner hires. More than half of the UK top 50, including many of the top 10 City firms, are understood to be holding discussions with HM Revenue and Customs (HMRC), which has clamped down on firms seeking allowable expenses on lateral hires.
August 28, 2008 at 11:40 AM
1 minute read
The original version of this story was published on Legalweek
Some of the City’s leading law firms have launched a lobbying drive after learning they will not be able to claim tax relief on costs relating to equity partner hires.
More than half of the UK top 50, including many of the top 10 City firms, are understood to be holding discussions with HM Revenue and Customs (HMRC), which has clamped down on firms seeking allowable expenses on lateral hires.
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