The £2bn lawyer tax – should Rachel Reeves tax LLPs?
Doctors, lawyers, accountants, fund managers, and other high earning professionals are often members of partnerships and LLPs. They’re not employees
21 October 2025
Doctors, lawyers, accountants, fund managers, and other high earning professionals are often members of partnerships and LLPs. They’re not employees
The UK taxes high-earning lawyers less than bankers. That’s irrational – and illustrates a wider problem with the tax system.
That’s not an easy question. In the UK there’s income tax, and national insurance – both shown on our wage