I’m not well up on this, but am I right to suppose that LLPs are a legally recognised form of partnership, i.e. as a form of self-employment?
I assume that non-partners who work for LLPs (or any other partnership) are employees in the normal way, so presumably employers NI would be payable in the normal way.
So - here I’m really at sea - is the effect of what Reeves is threatening effectively to make self-employed partners into senior employees?
I guess there might be corporation tax issues in this as well…
It all sounds very dubious.