|
Consultation on Proposed New Payment Method for Class 2 Self-Employed National Insurance Contributions 23 January 2012 The Treasury is examining ways to improve the collection of National Insurance contributions and, where possible, to bring the Income Tax and National Insurance systems into alignment. As a first step in this process, the Income Tax Division has therefore today published a consultation document on the payment of Class 2 National Insurance contributions. The purpose of the consultation document is to: explain the current Class 2 contributions system; propose to move Class 2 contributions to one payment per year; propose that the level at which a person becomes liable to pay Class 2 contributions is raised to match the Class 4 contributions lower profit limit; and seek views and comments on these options and any other related issues. Anyone wishing to submit their views on the consultation is invited to do so by 2 March 2012. The Proposal Document can be viewed here More stories >>>
|
