Along with the publication of the draft National Insurance Contributions Bill was the confirmation that the National Insurance Contributions Bill will be introduced into Parliament in the autumn.
National Insurance Contributions Bill
Draft legislation for the following three main measures is now available:
Applying the General Anti-Abuse Rule for NICs Creates a NICs liability for Offshore Employment Intermediaries Enables the reclassification of certain Limited Liability Partnerships (LLPs) members as employed earners for NICs purposes
Legislation for the new Employment Allowance will also be included in the Bill when it is introduced into Parliament.
Other Bill measures published recently include: the retrospective disregard of Armed Forces early departure payments (EDP) from liability to NICs the repeal of two redundant Class 4 NICs reliefs amending the definition of “employed earner” in the Social Security Contributions and Benefits Act 1992 (SSCBA), the Social Security Contributions & Benefits (Northern
Ireland) Act 1992 (SSCB(NI)A) and related Acts correcting minor omissions in the SSCB(NI)A
CONSULTATION ON SIMPLIFYING NATIONAL INSURANCE PROCESS FOR SELF- EMPLOYED
26 August 2013
Last month HMRC published a consultation document on ‘Simplifying the National Insurance Processes for the Self Employed’.
The consultation looks at collecting Class 2 NICs through the Self Assessment process. The CIPP policy team have reviewed the consultation and will not be issuing a survey to members as not relevant for the payroll profession. If the consultation does affect you and you would like to contribute with your views, the closing date for comments is 9 October 2013 and the document can be accessed through the link below.
Simplifying the National Insurance Processes for the Self-Employed
Treatment of class 2 NICs recovered through the PAYE tax code: draft amended regulations
23 October 2013
HMRC intend to recover certain unpaid class 2 National Insurance contributions debts through a person’s PAYE tax code beginning in the 2014/15 tax year.
HMRC are amending the “Social Security (Crediting and Treatment of Contributions, and National Insurance Numbers) Regulations” to specify that these contributions will be treated as paid on the 5 April in the tax year in which they are collected. From that date they will count towards social security contributory benefits in the same way as any other late paid contributions.
CIPP Policy News Journal
16/04/2014, Page 237 of 519
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