The Social Security (Miscellaneous Amendments) Regulations, SI 2017/307, introduce three changes with effect from 6 April 2017:
employer Class 1A NICs disregard for certain sporting testimonial payments to cover the 2017/18 tax year before enactment of the new NICs Bill;
new Class 1A disregard for pensions advice up to £500 borne by employers; and
Class 1 NICs exemption for employees of the International Finance Corporation and the Asian Infrastructure Investment Bank, who are already exempt from income tax under a double taxation agreement and are members of an occupational pension scheme.
The Social Security (Miscellaneous Amendments No 2) Regulations, SI 2017/373, make NICs changes in relation to off-payroll work in the public sector, corresponding to the income tax provisions moving the responsibility to the public authority for deciding if the intermediaries legislation applies to public-sector engagements with effect from 6 April 2017.
The Social Security (Miscellaneous Amendments) Regulations, SI 2017/307, introduce three changes with effect from 6 April 2017:
employer Class 1A NICs disregard for certain sporting testimonial payments to cover the 2017/18 tax year before enactment of the new NICs Bill;
new Class 1A disregard for pensions advice up to £500 borne by employers; and
Class 1 NICs exemption for employees of the International Finance Corporation and the Asian Infrastructure Investment Bank, who are already exempt from income tax under a double taxation agreement and are members of an occupational pension scheme.
The Social Security (Miscellaneous Amendments No 2) Regulations, SI 2017/373, make NICs changes in relation to off-payroll work in the public sector, corresponding to the income tax provisions moving the responsibility to the public authority for deciding if the intermediaries legislation applies to public-sector engagements with effect from 6 April 2017.
