In brief: Law Soc presses for Govt to scrap tax plans

The Law Society is urging the Government to abandon its plans to switch from a cash to an earnings basis for calculating tax paid by solicitors. Failing that, it wants a 12-month delay in implementation to give firms time to replace accounting systems and evaluate work in progress. If the change goes ahead as planned there will be “a devastating affect across the profession, particularly on many smaller high street firms.”

see Chambers, page 8