Finance
UK Drops Plans for Tax Crackdown on Buyout Firms, Accountancies
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UK tax officials said they would no longer go through with a crackdown that would have impacted swaths of private equity firms, marking the latest win for the industry under the new Labour government.
HM Revenue and Customs said it’s no longer planning to make changes to the way limited liability partnerships are expected to make their National Insurance contributions after fielding feedback from industry representatives.