ARTICLE · 02 MAY 2014

LLPs And Salaried Members

Attwells Solicitors LLP

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This month HMRC published the draft Social Security Contributions (Limited Liability Partnership) Regulations 2014.

United KingdomTax

Nick Attwell

This month HMRC published the draft Social Security Contributions (Limited Liability Partnership) Regulations 2014.

These Regulations apply to any member who is effectively a salaried employee.

The effect of this is that such salaried members will be required to pay Class 1 or Class 1A National Insurance Contributions.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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