Consultation on companies excluded from the NICs Employment Allowance 7 December 2015
From 6 April 2016, single-director companies will be excluded from the National Insurance Contributions Employment Allowance.
A Technical Consultation on Companies Excluded from the NICs Employment Allowance has been published to seek comment on the draft secondary legislation to implement the new exclusion. The consultation will run until 3 January 2016. The purpose of the regulations is to focus the Employment Allowance on those businesses which support employment. To achieve this, the measure will exclude limited companies where the director is the sole employee from April 2016.
As HM Treasury and HMRC have UK-wide responsibility for NICs policy, the regulations will apply in England, Wales, Scotland, and Northern Ireland.
The employment allowance for the tax year 2016-17 will be £3,000.
Guidance on changes to eligibility for the Employment Allowance will be made available on GOV.UK in March 2016.
National Insurance guidance for software developers 2016-17 9 December 2015
HMRC’s Software Developers Support Team (SDST) has provided the December 2015 version of the National Insurance guidance for software developers for the 2016 to 2017 tax year.
This version has been uprated (and calculations re-worked) using the 2016 to 2017 Class 1 earnings limits and thresholds.
This document will become available on GOV.UK but in the meantime you can download it through the link below.
NI guidance for software developers 2016-17
Consultation on abolishing Class 2 NICs and introducing a contributory benefit test to Class 4 NICs 14 December 2015
A consultation has been published to explore how a reformed self-employed National Insurance contributions (NICs) system could confer benefit entitlement and the policy choices that government will consider in designing the new contributory benefit tests.
At the Summer Budget 2015 the Government confirmed that it planned to abolish Class 2 NICs and reform Class 4 NICs to introduce a new contributory benefit test.
The ‘ Consultation on abolishing Class 2 National Insurance and introducing a contributory benefit test to Class 4 National Insurance for the self-employed’ seeks views from self-employed people, agents who act on the behalf of self-employed people and bodies that represent self-employed people. The government particularly welcomes responses from those who pay a special rate of Class 2 – Share Fishermen and Volunteer Development Workers – and other special groups such as Examiners and Ministers of Religion.
This consultation closes on 24th February 2016. The Policy Team will publish a survey to gather member opinion if deemed necessary.
CIPP Policy News Journal
25/04/2016, Page 234 of 453
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