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Reeves Considering Tax Hike for Lawyers and Accountants. Chancellor Rachel Reeves is contemplating changes to the UK tax system that could see some lawyers, accountants, and doctors paying higher taxes in the upcoming Budget. These professions often use limited liability partnerships (LLPs), which allow them to be treated as self-employed and avoid paying employers' National Insurance. Reeves is considering introducing a new charge on LLP users, which would be set slightly lower than the 15% rate of employers' National Insurance. The move comes as Reeves is expected to raise taxes in the Budget on November 26, amid economic challenges and setbacks in welfare policy. The chancellor has emphasized that wealthier individuals should shoulder a greater tax burden. Many experts support extending National Insurance to partnerships, arguing it would create a fairer tax system, with most of the impact felt by high earners.
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