The National Insurance Contributions (Reduction in Rates) Bill, that implements the reduction to the main rates of primary Class 1 NICs and Class 4 NICs and removes the requirement to pay Class 2 NICs which was announced in the Autumn Statement, has completed its passage through the House of Commons and has had its first reading in the House of Lords on 4 December. The Bill has been classified as a money bill so the Lords cannot amend it.
The National Insurance Contributions (Reduction in Rates) Bill, that implements the reduction to the main rates of primary Class 1 NICs and Class 4 NICs and removes the requirement to pay Class 2 NICs which was announced in the Autumn Statement, has completed its passage through the House of Commons and has had its first reading in the House of Lords on 4 December. The Bill has been classified as a money bill so the Lords cannot amend it.
