National Insurance

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What taxes do partners pay?

Partners pay three different taxes to HMRC based upon their share of profits:

Income tax – based upon a percentage of how much your share of the profit is;
Class 2 National Insurance contributions – a fixed fee each week; and
Class 4 National Insurance contributions – also based upon a percentage of how much your share of the profit is.

Partnerships are not liable to any profit-based taxation themselves although they may be liable for other forms of tax which we cover below.

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We understand that for many businesses having to grapple with accountancy, bookkeeping and finances can be a real headache, forcing your focus away from your passion. With over twenty years of experience together our dedicated team of industry professionals is happy to help clear things up.

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Our friendly team is on hand to answer any of your queries. We will contact you within 24 hours to discuss your requirements and give an indication of pricing. Alternatively, you can contact us via phone or email using the details provided below:

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Marchamont house, 116 High St, Egham TW20 9HQ

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Unit 3, Beaufort, Railton Rd, Guilford, Surrey, GU2 9JX

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2-3 Stable Court, Herriard, Hampshire, RG25 2PL

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