Most genuine equity partners will be treated by HMRC as self-employed by default. However, there may be specific types of partner whom HMRC regards as employed and therefore subject to PAYE tax and NIC deductions.
In early April 2013, HMRC advised that they now consider that sleeping partners and inactive limited partners are 'gainfully employed' (the reverse view having previously
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Web page updated on 17 Mar 2025 16:34