National Insurance Contributions

National Insurance contributions are a huge source of government revenue, bringing in more than the combined total of corporation tax, stamp duties, CGT, IHT and fuel duty. NICs therefore merit close attention. 

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About this work

This book offers commentary that is both erudite and practical, 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.

Table of contents

• • General information

• • Introduction

• • Liability to Class 1 NICs

• • Scope of Class 1 NICs

• • Calculation of Class 1 NICs

• • Class 1 NICs – special cases

• • Class 1 NICs – administration [expanded by way of example]
    • Introduction
    • Accounting for Class 1 NICs
    • Using the PAYE system
    • Reporting, filing and paying
    • Compliance failures [expanded by way of example]
      • Introduction
      • Late payment
      • Late or missing submissions and reports
      • Incorrect returns
      • Amending errors
      • Appealing against decisions
    • Other considerations
    • • Pitfalls and planning points

• • Class 1A NICs

• • Class 1B NICs

• • Class 2 NICs

• • Class 3 NICs

• • Class 4 NICs

• • International aspects

• • National Insurance credits

• • NICs and the contributory system

• • Tackling avoidance

• • Appendices