Law Society joins professional services leaders opposing LLP tax proposals
The Law Society of England and Wales has joined leaders from across the professional services sector in writing to Chancellor Rachel Reeves to oppose proposed tax increases on limited liability partnerships (LLPs). The joint letter, signed by representatives from organisations including the Institute of Chartered Accountants in England and Wales, City of London Corporation, and TheCityUK, warns against applying employer national insurance or equivalent charges to LLPs. The signatories argue such measures would damage a growing sector, deter international investment and undermine the government's stated support for professional services as a growth partner.