HMRC has published the draft amended regulations for information before they are laid in Parliament.
Draft Social Security (Crediting and Treatment of Contributions, and National Insurance Numbers) (Amendment) Regulations 2013
Entertainers and Class 1 National Insurance Contributions
20 November 2013
HMRC has published a brief which explains their position in relation to the NIC liability of Entertainers from 6 April 2014 onwards, subject to the proposed changes being approved by Parliament. If you engage the services of entertainers From 6 April 2014, you will not be required to operate Class 1 NICs for the entertainers you engage. If you are currently deducting employees’ Class 1 NICs from the payments you make to your entertainers (including additional use payments such as royalties), and paying the respective employers’ Class 1 NICs on these payments, you should continue to do so up until 5 April 2014. From 6 April 2014 however you should cease to do this. If you use an automated payroll system or an external payroll provider service you will need to ensure your systems or payroll arrangements are updated to ensure that Class 1 NICs continue to operate on payments you make to entertainers up to 5 April 2014, and cease to be operated from 6 April 2014.
Follow the link below to read full details.
Revenue & Customs Brief 35/13
New voluntary National Insurance for additional State Pension
9 December 2013
We have further details from the DWP Pensions Stakeholder Team on the time frames for the new voluntary National Insurance contributions to increase your State Pension.
In the Autumn Statement 2013, the government announced its intention to introduce a scheme to allow pensioners to top up their Additional State Pension by paying a new class of voluntary National Insurance contribution, to be known as Class 3A.
The scheme will open in October 2015 and will be available to all pensioners who reach State Pension age before the introduction of the single tier pension in April 2016.
Class 3A will give pensioners an option to top up their pension in a way that will protect them from inflation and offer protection to surviving spouses. In particular, it could help women, and those who have been self-employed, who tend to have low Additional Pension entitlement. The government will now work with stakeholders on the detailed design of the scheme.
National Insurance Thresholds
19 December 2013
2014/15 NI thresholds
CIPP Policy News Journal
16/04/2014, Page 238 of 519
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