Policy paper

Partnerships review

Proposed National Insurance Contributions (NICs) changes for Disguised Employment and Profit Deferral under Alternative Investment Fund Managers Directive.


Partnership review

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (eg a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.


The Partnerships Review measure has two clauses in the NICs Bill. One clause deals with “Disguised Employment” while the other provides a power to make NICs regulations so that a statutory mechanism can be set up for certain alternative investment fund managers that operate as partnerships.

HMRC held a consultation from 20 May to the 9 August 2013 - “A review of two aspects of the tax rules on partnerships”.

If you have any comments please contact either: