Limited Liability: National Insurance Contributions

(asked on 25th January 2022) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the potential increase in revenue should members of limited liability partnerships become subject to an increase in national insurance contributions from April 2022 at the same rate of increase as employees.

Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 2nd February 2022

No such assessment has been carried out. Employees, the self-employed and members of a Limited Liability Partnership who are subject to National Insurance contributions (NICs) will also be subject to the 1.25% NICs increase for the tax year 2022/23 and the Health and Social Care Levy from April 2023.

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