Tensions are rising among former Halliwells partners after a decision was made to limit the number of ex-partners eligible to seek a tax rebate from HM Revenue & Customs (HMRC).
Former members of the defunct firm are in negotiations with HMRC about the taxable profits and losses of Halliwells during the financial year ending 30 April 2010 and for the period up to its collapse on 20 July that year. Some partners are seeking to offset the law firm’s losses against tax either owed or paid on their earnings.
