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Readers may be interested to learn that the Inland Revenue Tax Bulletin (issue 53), which was published in June 2001, contained incorrect information concerning the late notification penalty for Class 2 National Insurance contributions.
In that article, the Inland Revenue stated that 'employees who already pay the maximum amount of National Insurance contributions through Class 1 will not need to register for Class 2 National Insurance contributions when commencing self employment'.
Readers may be interested to learn that the Inland Revenue Tax Bulletin (issue 53) which was published in June 2001 contained incorrect information concerning the late notification penalty for Class 2 National Insurance contributions.
In that article the Inland Revenue stated that 'employees who already pay the maximum amount of National Insurance contributions through Class 1 will not need to register for Class 2 National Insurance contributions when commencing self employment'.
However following the publication of this article we have continued to receive correspondence from the National Insurance Contributions Office requesting that forms CWF1 are completed in circumstances where our clients have been paying the maximum amount of Class 1 National Insurance contributions for many years.
The Inland Revenue's Cross-cutting Policy division has now confirmed to us verbally that the article was incorrect and following further consultation with the National...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
