Budget Update

The Chancellor, Philip Hammond, recently announced that the Government will no longer proceed with the proposed increase in Class 4 NICs rates for the self employed.

The self employed currently pays Class 2 and Class 4. The abolition of Class 2 NICS from April 2018 will still go ahead.

Great news for the self employed!

Below is a link about the abolition of the Class 2 National Insurance.

https://www.gov.uk/government/consultations/consultation-on-abolishing-class-2-national-insurance-and-introducing-a-contributory-benefit-test-to-class-4-national-insurance-for-the-self-employed/the-abolition-of-class-2-national-insurance-introducing-a-benefit-test-into-class-4-national-insurance-for-the-self-employed

Developement, News

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