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British Tax Guide: National Insurance Contributions 2012-13

British Tax Guide: National Insurance Contributions 2012-13

Author: David Heaton
Publisher: Wolters Kluwer U.K. (formerly CCH)
ISBN: 9781847985064
Published In: November 2012
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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British Tax Guide: National Insurance Contributions 2012-13 provides a comprehensive handbook covering everything you need to know about NIC and PAYE contributions and exemptions. Designed for everyday use it focuses on the most frequently encountered topics and its logical structure and accessible style means that it can be used by both generalists and specialists alike.

The title covers updates to rules and cases up to 1 July 2012, explaining details of the current scheme, with historical background intended to assist in dealing with HMRC enquiries into the last six years.

Included in the 2012-13 edition:

Changes to IR35 and status.
Contracting out through money purchase pensions abolished.
New HMRC cases e.g. Forde & McHugh Limited (FURBS contributions were earnings subject to NICs, according to the Court of Appeal) and Cheshire Employer & Skills Development Limited (exclusion of car allowances as relevant motoring expenditure) and many more.
The disguised remuneration rules, introduced by FA 2011 to combat tax avoidance arrangements.
The European social security rules for migrant workers, re-written from June 2012, together with special rules for air crew.
Details of the change to the state pension age, under Pensions Act 2011, affecting both liability for contributions and the value of such contributions.
Guidance on HMRC's preparation to switch employers from annual reporting to real-time reporting.
New penalties for employers who pose a threat to the NI system through failure to pay on time.

British Tax Guides from CCH
The British Tax Guides are expert, individually focused commentary on the all the main UK taxes. Each of the guides is focused on one particular area, with legislation to that tax cross referenced to enable you to put the legislation into context, as well as efficiently calculate tax liabilities.

Each of the 2012-13 editions will include all changes from the 2012 Budget and subsequent Finance Act.

David Heaton FCA CTA
David Heaton FCA CTA is an employer consulting group tax partner with Baker Tilly Tax & Advisory Services LLP, based in the Leeds office. He currently chairs the ICAEW Tax Faculty and its Employer Taxes and NI Committee and is a member of the CIOT's Management of Taxes sub-committee. He has written and lectured widely on NIC and employer taxes matters and has contributed a monthly employment taxes update to Accountancy Magazine for many years.