fromwww.theguardian.com
6 days agoHow might Rachel Reeves target lawyers, accountants and doctors in her budget?
More than 190,000 people work in an LLP, a structure that is very popular with lawyers. Partners pay income tax on profits as they arise, but they are considered self-employed and therefore do not pay any employer's national insurance. It would otherwise be levied at 15% on their income. Reeves is said to consider this unfair and is expected to levy a slightly lower rate on partners, according to government sources confirming plans first reported by the Times.
UK politics
