This updated annual answers virtually every point or query for compliance, planning or NIC mitigation purposes. Written in the clear style typical of Tolley publications, it is easily accessible for all levels of tax practitioner or accountant in commerce. Full coverage of a broad range of issues ensures that you are fully aware of all the implications of current and future changes.

Tolley’s National Insurance Contributions is fully updated to include: Relevant tax, employment, and National Insurance legislation up to Finance (No 2) Act 2023 and associated NIC regulations; Revised NIC rates, and worked examples for 2023-24, and taking account of the changes effected by Health and Social Care Levy (Repeal) Act 2022; restoring NI rates to their pre-6 April 2022 values from 6 November 2022, and resulting in the following: directors and self-employed rates and thresholds aggregated across the year, and Class 1A and Class 1B – aggregated rates remaining for the reporting year 2022-23; Recent case law developments relating to National Insurance; Overseas and post-Brexit updates, with Global Mobility becoming more complex as a result of the changes to the Social Security Administration Act 1992

Source Currency
January 2024