Sleeping and Inactive limited Partners now have to pay National Insurance

posted on April 23, 2013in the Blog Category

Sleeping and Inactive limited Partners now have to pay National Insurance

Sleeping and Inactive limited  Partners now have to pay National Insurance HMRC have announced that it has changed its view of the law covering National Insurance and from 6 April 2013 all partners will be required to pay National Insurance contributions. -          those who are not paying Class 2 NIC’s must advise HMR of their self employed status (exception or deferment can be arranged depending upon circumstances) -          Class 4 NIC will have to be accounted for in respect of the 2013/14 tax year of assessment and subsequent tax years. Elaine Jess, Partner

Written By: MBL

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