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HMRC Update: National Insurance credits for parents or carers Published: 20 December 2022 Emailed: 21 December 2022
HM Revenue and Customs (HMRC) has detailed that carers of a child under 12 and kinship carers can apply for National Insurance (NI) credits.
Parents and guardians can claim or transfer Class 3 NI credits using form CF411A. The details are:
• If you’re a parent or carer of a child under 12: o
you should automatically get credits if you claim Child Benefit
• If you or your partner are registered for Child Benefit you can: o
apply for credits missing from your National Insurance record o transfer credits from a spouse or partner
If you’re a foster or kinship carer: o you can apply for NI credits; however, y ou’ll ne ed to provide supporting evidence with your form.
•
If you qualify, your NI record will be credited with Class 3 contributions. Eligible parties can complete the form electronically and submit online or they can complete the PDF form, print and send through the post. You can read more on the topic on the GOV.UK site.
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National Insurance guidance and tables updated for 2023 / 24 Published: 23 March 2023 Emailed: 29 March 2023
HM Revenue and Customs (HMRC) has started to roll out updated guidance for the new tax year. Two such updates are for National Insurance.
The following pages have been updated:
Rates and allowances: National Insurance contributions - GOV.UK (www.gov.uk) CA38: National Insurance contributions tables A, F, H, J, L, M, V and Z - GOV.UK (www.gov.uk)
Keep an eye out for other updates as and when they are released to ensure you stay fully compliant into the new tax year.
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PAYE News
HMRC release briefing detailing the settlement of disguised remuneration schemes
Published: 11 April 2022 Emailed: 13 April 2022
Her Majesty’s Revenue and Customs (HMRC) has released a policy paper detailing the settlement of disguised renumeration schemes and/or paying the loan charge. The briefing explains what disguised renumeration and the loan charge are, what customers need to do now and what action HMRC may take.
Customers who wish to settle outstanding tax on disguised renumeration loans may do so by contacting HMRC. Doing so now will mean the individual will settle under the 2020 settlement terms.
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