ÀÏ˾»úÎçÒ¹¸£Àû

Tax News

SI 2024/377 The Social Security (Class 2 National Insurance Contributions) (Consequential Amendments and Savings) Regulations 2024

Published on: 18 March 2024
Published by a

Specialist Tax Statutory Instruments

Article summary

These Regulations make minor amendments to ensure that legislation relating to Class 2 National Insurance Contributions (NICs) and related benefits is consistent with the National Insurance (Reductions in Rates) Act 2023 which removed the liability to pay Class 2 NICs from 6 April 2024.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Substantial shareholding exemption ― overview

Substantial shareholding exemption ― overviewThe substantial shareholdings exemption (SSE) provides a complete exemption from the liability to corporation tax on the gains generated from qualifying disposals of shares and interests in shares by qualifying companies. No claim is required. Provided

14 Jul 2020 13:44 | Produced by Tolley Read more Read more

Transferable tax allowance (also known as the marriage allowance)

Transferable tax allowance (also known as the marriage allowance)What is the transferable tax allowance (marriage allowance)?From 6 April 2015, an individual can elect to transfer 10% of the personal allowance (£1,260) to the spouse or civil partner where neither party is a higher rate or additional

14 Jul 2020 13:52 | Produced by Tolley Read more Read more

Class 4 national insurance contributions

Class 4 national insurance contributionsWhat is Class 4 NIC?Class 2 and Class 4 national insurance contributions (NIC) are paid by self-employed individuals and partners in a partnership on their profits arising within the UK. This guidance note considers Class 4 contributions. For Class 2

14 Jul 2020 11:13 | Produced by Tolley Read more Read more