.png)
.png)
Taking the NIC
KEY POINTS
- The raising of the upper earnings limit will raise more than £5bn from National Insurance contributions by 2021.
- Some measures were not costed in the autumn statement.
- Class 1 simplification has been dropped.
- Class 2 abolition in 2018 will disadvantage some minorities.
- Class 3 rules are to be re-written to bring in some short-term benefit cover.
- Evidently ‘simplification’ has been re-defined.
Okay chaps so here’s the plan: we fix National Insurance contribution rates for five years then we expand the base fragment the published information and no one will ever notice the NIC take. Or am I being cynical?
Nobody understands National Insurance contributions (NICs). This is supported by soundings by the Office of Tax Simplification (OTS) among...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
