The Social Security (Crediting and Treatment of Contributions, and National Insurance Numbers) (Amendment) Regulations, SI 2013/3165, amend SI 2001/769 and provide that class 2 NIC collected through a PAYE tax code are to be treated, for the purpose of calculating entitlement to state benefits, a
The Social Security (Crediting and Treatment of Contributions, and National Insurance Numbers) (Amendment) Regulations, SI 2013/3165, amend SI 2001/769 and provide that class 2 NIC collected through a PAYE tax code are to be treated, for the purpose of calculating entitlement to state benefits, as paid on 5 April of the tax year in which they are paid.
HMRC will consider in detail responses to the recent consultation on simplifying the ‘self-employed NIC process’ and will provide an update at Budget 2014. There was ‘much support’ for collecting class 2 contributions through self-assessment, HMRC said, and many taxpayers find the flexibility of in-year payment options helpful, while some respondents thought the government could consider more fundamental changes to the class 2 and class 4 NIC system.
The Social Security (Crediting and Treatment of Contributions, and National Insurance Numbers) (Amendment) Regulations, SI 2013/3165, amend SI 2001/769 and provide that class 2 NIC collected through a PAYE tax code are to be treated, for the purpose of calculating entitlement to state benefits, a
The Social Security (Crediting and Treatment of Contributions, and National Insurance Numbers) (Amendment) Regulations, SI 2013/3165, amend SI 2001/769 and provide that class 2 NIC collected through a PAYE tax code are to be treated, for the purpose of calculating entitlement to state benefits, as paid on 5 April of the tax year in which they are paid.
HMRC will consider in detail responses to the recent consultation on simplifying the ‘self-employed NIC process’ and will provide an update at Budget 2014. There was ‘much support’ for collecting class 2 contributions through self-assessment, HMRC said, and many taxpayers find the flexibility of in-year payment options helpful, while some respondents thought the government could consider more fundamental changes to the class 2 and class 4 NIC system.
