Self-employed Class 2 NIC changes cancelled
In a surprise move, the government has announced that following a lengthy consultation the planned abolition of Class 2 National Insurance Contributions (NIC) will not take place
Lost your national insurance number?
Taxpayers who have lost or forgotten their national insurance number should first try and locate the number on paperwork such as their tax return, payslip or P60. Taxpayers with
Change in how national minimum wage penalties apply to employers in a TUPE...
HMRC has advised that it has changed its approach to charging financial penalties when enforcing the National Minimum Wage (NMW) where there has been a transfer of employees from
Claiming the employment allowance
The employment allowance of £3,000 per year, is available to most businesses and charities to be offset against their employers Class 1 NIC bill. The allowance can be claimed as
Could you qualify for NIC Carer’s credits?
Carer’s credit is a national insurance credit that can help carers to fill gaps in their national insurance record. Carers who don’t qualify for Carer’s allowance, may qualify for
How to claim or stop claiming the employment allowance
The employment allowance of £3,000 per year is available to most businesses and charities to be offset against their employers Class 1 NIC bill. The allowance can be claimed as
How much does Class 4 NIC cost?
There are currently two types of National Insurance contributions (NICs) payable by most self-employed people. These are known as Class 2 NICs and Class 4 NICs.
Class 2 NICs are
Tax avoidance scheme scuppered by HMRC
A tax avoidance scheme used by businesses that sought to avoid paying tax and National Insurance on company directors’ bonuses was the subject of a recent Upper Tribunal hearing.
Paying NIC if you go abroad
If you move abroad it can be advantageous to continue paying UK National Insurance Contributions (NICs) in order to preserve your entitlement to the State Pension and other
Why don’t we still pay Class 2 NIC monthly?
Class 2 national Insurance contributions (NICs) are paid by self-employed taxpayers and members of partnerships if their annual profits are over £6,025. Class 2 NICs are payable at