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National Insurance Contributions 2023-24

National Insurance Contributions 2023-24

  • Author:
  • Publisher: Claritax Books
  • ISBN: 9781912386772
  • Previous Edition ISBN: 9781912386574
  • Published In: May 2023
  • Format: Paperback
  • Jurisdiction: U.K. ? Disclaimer:
    Countri(es) stated herein are used as reference only
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  • Description 
  • Contents 

Details

National Insurance contributions are a huge source of government revenue, bringing in more than the combined total of corporation tax, stamp duties, CGT, IHT, tobacco and alcohol duties, and fuel duty. NICs therefore merit close attention and this book offers practical, in-depth commentary on this important and often neglected part of the UK’s tax system.

All Classes of NIC are covered in detail, with practical examples throughout, and most chapters end with a section on NIC pitfalls and planning points, raising concerns and practicalities for the professional adviser.

New for this edition:

  • Text fully updated for rates and thresholds
  • Freeports and investment zones
  • State aid rules and the employment allowance
  • Deadlines re Class 3 NICs
  • Adjustment of Class 4 NICs to reflect transitional basis period rules
Introduction
Class 1
Class 1A
Class 1B
Class 2
Class 3
Class 4
International aspects
NIC credits
NIC and the contributory system
Avoidance
Appendices

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