Law firms structured as limited liability partnerships (LLPs) may be liable for increased national insurance contributions (NICs), under Government plans to rein in tax lost to self-employed partners. If passed, the National Insurance Contributions Bill, formally announced in the Queen's Speech on 8 May, would remove the presumption of self-employment for LLP members from April 2014.
May 16, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Presumption of self-employment for LLP members to be axed from 2014 if Government proposals go ahead
Law firms structured as limited liability partnerships (LLPs) may be liable for increased national insurance contributions (NICs), under Government plans to rein in tax lost to self-employed partners.
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