Deloitte partner loses divorce battle
Tax partner finds himself on the receiving end of landmark judgment
Tax partner finds himself on the receiving end of landmark judgment
A Deloitte partner has lost a landmark divorce case on maintenance payments
to his wife.
Kenneth McFarlane, a tax partner at the firm, has been ordered by the House
of Lords to make payments of £250,000 to his wife Julia a year for life. The
court dismissed an appeal by McFarlane to reduce the figure.
The figure, court documents reveal, is one third of McFarlane’s salary at
Deloitte.
The case is being cited as a landmark in the way in which the contributions
of non-working spouses are valued.
McFarlane’s wife Julia was reckoned by judges to deserve the sums in part
because she had given up her own career as a successful lawyer at Freshfields,
the magic circle law firm, to look after the couple’s family.
Mrs McFarlane’s lawyer James Pirrie said: ‘We are delighted for Julia. It is
a ground-breaking ruling. Until today maintenance for a stay-at-home mum was
based purely on her living costs. Now judges must consider contribution and
compensation for people like Julia. This is only fair. The judgment recognises
her sacrifice and that marriage is a partnership.’
To read the judgment,
click
here.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe Chartered Institute of Public Finance and Accountancy (CIPFA) has announced the appointment of Owen Mapley as its new Chief Executive Officer (CEO...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleThe modern consumer is tech-savvy, and generally digitally literate. Nowhere is this more evident than within the financial sector; consumers demand r...
View articleEntries are now open for the Accountancy Age 35 under 35 2022 ranking, highlighting the brightest young talent in the accountancy sector Read More...
View articleWith the year nearing its close, Chris Evans, vice president and country manager at Intuit QuickBooks UK, takes the opportunity to reflect on the past...
View articleShowcasing the industry's rising talent, the fourth and final instalment of our 35 under 35 rankings highlights five young UK professionals who are ma...
View articleLive broadcast event specifically for accountants Read More...
View articleShowcasing the industry's rising talent, the third instalment of our 35 under 35 rankings highlights 10 young UK professionals who are making great co...
View article