class 4 nic exemption backdate ?

[billyg]

I am in pernership with my wife in a business neither of us work in (we just employ staff)
It looks to me like we should be exempt from paying class 4 ni , if thats correct should i contact the revenue and see if i can backdate that, if so how many years ?

also i understand we can split the profits however we decide , so my wife gets most of it and I get £1, will that cause any problems ?

[pawncob]

You're in business, so you're liable to Class 2/4 NICs. If one of you is a sleeping partner then that person may be exempt.
You can split profits in any ratio you like.

[billyg]

thanks might it be worth seeing if we can backdate the class 4 exemption for the sleeping partner ?