HMRC has changed its view of the liability of sleeping partners and inactive limited partners for national insurance contributions.
The department announced on 4 April that it now considers that such partners are, and have been, liable to pay class 2 NICs as self-employed earners and class 4 NICs on taxable profits. But it will not require payment from those who have not paid NICs in the past.
Class 2 NICs are payable from 6 April 2013. Class 4 NICs are assessed annually, but HMRC will not seek payment for 2012/13.
HMRC and the DWP will provide in the summer details of arrangements for those who may wish to pay contributions for years prior to 2013/14 in order to qualify for, or improve, contributory benefits. Further guidance is provided on the HMRC website.
HMRC has changed its view of the liability of sleeping partners and inactive limited partners for national insurance contributions.
The department announced on 4 April that it now considers that such partners are, and have been, liable to pay class 2 NICs as self-employed earners and class 4 NICs on taxable profits. But it will not require payment from those who have not paid NICs in the past.
Class 2 NICs are payable from 6 April 2013. Class 4 NICs are assessed annually, but HMRC will not seek payment for 2012/13.
HMRC and the DWP will provide in the summer details of arrangements for those who may wish to pay contributions for years prior to 2013/14 in order to qualify for, or improve, contributory benefits. Further guidance is provided on the HMRC website.
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