Katie Illman
People

Katie Illman

Tax Director

Areas of expertise

Katie is a tax director in our Professional Practices Group specialising in the taxation of international law firms at both the entity and partner level. Before joining the firm, Katie worked at a Big 4 firm for 8 years advising the largest international professional services firms on their global tax profile.

She has extensive experience advising businesses on key issues arising as tax legislation evolves, responding to changes to domestic policy and tax rates. This includes international structure reviews, structuring new offices, managing tax risks in the UK and overseas, and mergers and acquisitions.

Katie has extensive experience advising firms on their international structure, with a key focus on expansion into new jurisdictions. She regularly advises on partner remuneration arrangements and how to navigate complex partnership-specific anti avoidance legislation. Her clients are primarily partnerships and partners in professions including solicitors, patent and trademark attorneys, architects, property and FCA-regulated businesses.

Experience

Katie is a regular contributor to the firm's thought leadership and writes for external tax publications. She leads the firm’s response to public consultations on proposed partnership tax legislation / reform. Katie regularly speaks at client and industry events on topical tax issues, including Basis Period Reform. She advises clients on topical tax issues including mergers, acquisitions, global mobility and tax strategy.

Notable client work and achievements

Katie specialises in the taxation of professional practices and the partners of those firms. She is highly experienced structuring UK and international professional services firms.

Professional qualifications & memberships

  • Member of the Chartered Institute of Taxation.
  • Committee Member for the Association of Partnership Practitioners.
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HMRC reconsiders capital contribution stance

HMRC has changed its position on one of the salaried members’ conditions which, if met, can mean that an LLP member is taxed as an employee. This eases the position for members worried about the level of their capital contribution to the LLP.

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Salaried member rules: Court of Appeal decision in BlueCrest case

The latest judgement in this case will be a disappointment to LLP members, with the Court of Appeal defining ‘significant influence’ more narrowly when assessing the meaning of condition B.

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The key to lock-up – what’s changed and why it’s crucial for law firms

Better lock-up management is proven to significantly help UK law firms control costs whilst improving cash flow and profitability metrics

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