Legal Week Reports
March 16, 2005 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Law firms look set to face a one-off tax-hike after accountancy regulators last week approved a controversial ruling on how revenue should be recognised.
The Accounting Standards Board (ASB) last Thursday (10 March) agreed with the findings of a special taskforce that work in progress (WIP) should be taxed at a much higher rate.
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