Karen Speight LL.B, MSc has worked for more than 25 years in professional services, including 11 as a tax partner with Ernst & Young. Karen lectures on CTA and ATT courses, and prepares training manuals and associated support material. She is one of the authors of our popular and well received Income Tax annual.
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. The book is available on its own or as part of a discounted bundle.
Contents (in brief)
Introduction
Class 1
Introduction and first principles
Scope
Calculation
Special cases
Administration
Class 1A
Class 1B
Class 2
Class 3
Class 4
International aspects
NIC credits
NIC and the contributory system
Avoidance
Appendices
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