Advising solicitors and barristers 鈥� overview | Tax Guidance | Tolley

Advising solicitors and barristers 鈥� overview

Produced by
Owner-Managed Businesses
Guidance

Advising solicitors and barristers 鈥� overview

Produced by
Owner-Managed Businesses
Guidance
imgtext

This guidance note provides an overview of tax and accounting issues specific to solicitors in practice as sole practitioners, as partners in a partnership or as members of a limited liability partnership (LLP) and to barristers in practice as sole practitioners. In Scotland, the equivalent to a barrister is an advocate. As nothing turns on the differences between the two, the references to barristers

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+鈩�
Powered by

Popular Articles

Associated companies 鈥� from 1 April 2023

Associated companies 鈥� from 1 April 2023Implications of associated companiesFrom 1 April 2023, the rate of corporation tax that a company is subject to depends on the level of its augmented profits. The rate of tax is based on a comparison of the company鈥檚 augmented profits against the corporation

22 Mar 2021 10:21 | Produced by Tolley Read more Read more

Definition of a close company

Definition of a close companyThe detailed definition of a close company is set out below, but in summary the rules are targeted at those companies where the owners can manipulate the activities of the company to influence their own tax position. Therefore, broadly speaking, in most cases an

14 Jul 2020 11:24 | Produced by Tolley Read more Read more

Computation of corporation tax

Computation of corporation taxCompanies pay corporation tax on the taxable total profits (TTP) generated in a chargeable accounting period (CAP).To ascertain whether the entity is within the charge to corporation tax, see the Charge to corporation tax guidance note.For more information on the type

14 Jul 2020 11:16 | Produced by Tolley Read more Read more