TOP CITY LAW FIRMS could face a 1% levy on their turnover in order to raise millions for the justice system, The Times reports.
Uncomfortable with the court charge instated by predecessor Chris Grayling, justice secretary Michael Gove is considering scrapping the scheme in favour of charging the turnover on the country’s 100 largest firms.
Little detail has been made available, but in June Gove was widely quoted as saying “justice is not a marketplace, but a community” before urging lawyers to undertake more pro bono work.
The court charge – already proving difficult to enforce – is expected to pull in between £65m and £90m annually, while the mooted City lawyer tax is expected to boost the public purse somewhere in the order of £190m.
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion
Three former Tesco executives, including the former finance director of Tesco UK, have denied charges of fraud and false accounting in relation to a £326m accounting scandal at the supermarket
Top 50+50: Demand for tax advisory services remains high, but fee pressure is expected in relation to compliance services
The demand for tax advisory services remains high and this looks to continue; but fee pressure is expected in relation to compliance services as the “Making Tax Digital” initiative is rolled out,