Webinar – National Insurance update

Recording of the webinar on current NIC issues and future changes is now available.

 

In a recent webinar, David Heaton (David Heaton Tax Ltd and past chairman of the Tax Faculty’s Employment Taxes & NIC Committee) and Caroline Miskin (ICAEW Tax Faculty practitioner support) discussed the latest changes and developments in national insurance.

 

The topics covered included:

 

  • Collection of Class 2 NIC through self assessment
  • Annual maximum contributions – capping and deferment
  • NIC credits
  • Future changes – abolition of Class 2 NIC, reform of Classes 3 and 4, and OTS proposals on Class 1 NIC
  • State pensions – Class 3A top-up, new flat rates
  • Class 1 NIC anti-avoidance – salary sacrifice, intermediaries, IR35 and the public sector, termination payments, sporting testimonials and employment allowance
  • Apprenticeship levy

 

The recording is available now to Tax Faculty members.

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