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 in the current
Category: National Insurance
Change in national minimum wage penalties in a TUPE transfer situation
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 one employer to
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 part of the normal
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 Carer’s credit. This
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 part of the normal
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 paid by all
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. HMRC challenged the
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 benefits. If you are
Delay in withdrawal of self-employed NIC contributions
In a surprising move, the Government has announced that the planned abolition of Class 2 National Insurance Contributions (NICs) is to be delayed for a year. The withdrawal of Class 2 NICs was due to
Check your National Insurance record online
HMRC offers an online service to check your National Insurance record online. In order to use the service, you will need to have a Government Gateway account. If you don’t have an account, you can