Class 4 National insurance u-turn

One of the significant announcements Chancellor Philip Hammond made on Budget Day was the proposed increases to the main rate of Class 4 National Insurance Contributions (NICs) paid by self-employed individuals from 9% to 10% from April 2018 with a further increase planned from 10% to 11% from April 2019.

The Chancellor subsequently announced that the government will not now proceed with the proposed increase in Class 4 NICs rates . Self-employed individuals currently pay Class 2 and Class 4 NICs. Class 2 NICs are to be abolished from April 2018.

Internet link: BBC news

Address

Malcolm Piper & Company Limited, Kingsnorth House, Blenheim Way , Birmingham B44 8LS

Contact us today!

0121 382 1000

© 2020 Malcolm Piper & Company Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.