Law societies urge Reeves not to abolish LLP 'tax breaks'

In the letter to Rachel Reeves, the CLLS said the introduction of National Insurance contributions for partners could have unintended consequences for the legal sector.

Colin Passmore, former senior partner at Simmons & Simmons and chair of the Society, said: ‘We fully understand and support the government’s objective of ensuring that everyone pays their fair share of tax. Our concern is that these particular proposals appear to have been developed without sufficient consultation or clarity as to their scope and risk undermining one of the UK’s most successful exports: English law".