Class 4 NICs who is liable?
There are two types of National Insurance Contributions (NICs) payable by most self-employed people. These are known as Class 2 NICs and Class...
13 Feb
National Insurance
Category Archives: National Insurance
06 Feb
National Insurance
Checking your NIC records
HMRC offers an online service to check your National Insurance Contributions (NIC) record online. In order to use the service, you will need...
02 Jan
National Insurance
Checking a National Insurance Record
HMRC offers an online service to check a National Insurance record. In order to use the service you will need to have a...
05 Dec
National Insurance
Taxation of termination payments
In the 2016 Budget, the government announced that termination payments over £30,000 would be subject to employer National Insurance Contributions (NICs) from April...
03 Oct
National Insurance
What are National Insurance credits?
National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the...
03 Oct
National Insurance
Class 3 NICs
Class 3 National Insurance Contributions (NICs) are a voluntary contribution paid by those wishing to fill gaps in their NICs contribution record and...
13 Sep
National Insurance
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)...
05 Sep
National Insurance
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...
03 Sep
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...
29 Aug
National Insurance
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...