Policy paper

Partnerships review: limited liability partnerships: treatment of salaried members

This Tax Information and Impact Note is aimed at Individual members of a limited liability partnership



This change will make sure that a salaried member of an limited liability partnership (LLP) is treated as an employee of the LLP for income and Corporation Tax purposes. Associated changes to the National Insurance contributions legislation are included in the National Insurance contributions Bill 2013 and in new regulations to be laid and made under that Bill.

Published 7 March 2014