UK: Employee vs. Partner - Tax Status Changes
There are a number of tax and legal differences to be aware of when your employment status changes from employee to Partner.
There are a number of tax and legal differences to be aware of when your employment status changes from employee to Partner.
For tax purposes, as a Partner within a partnership, you are seen as a self-employed individual in the eyes of HMRC, this can have a significant impact on how you are taxed and when you are taxed, alongside future potential cash flow implications.
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