Rachel Reeves to launch National Insurance charge for LLP users - report

The Times reported yesterday (21 October) that Reeves is looking to place a National Insurance (NI) charge on those who use limited liability partnerships, who are currently not subject to the 15% employer's NI, as partners are treated as self-employed. Some advice firms also use the limited liability partnership model, including Continuum and Castlefield. Changes to this system are expected to be announced in the 26 November Autumn Budget, The Times report suggests. It is said that more than 190,000 workers use partnerships, particularly in the legal sector, which offer a tax bene...