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National Insurance Contributions Bill: Comments invited

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11th Sep 2014
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MPs have invited comments on the National Insurance Contributions Bill, which will be considered by a Public Bill Committee next month.

The Bill received its second reading in the Commons on Monday. Opening the debate, financial secretary David Gauke said the Bill would:

  • simplify NICs paid by the self-employed;
  • accelerate the payment of NICs in dispute in avoidance cases, and provide for follower notices where a scheme has been shown to fail in another party’s litigation;
  • apply new information and penalties to scheme promoters; and
  • introduce a targeted anti-avoidance rule “to prevent people from circumventing new legislation tackling avoidance involving employment intermediaries”.

A detailed explanatory note was published in July.

The Public Bill Committee is expected to report by 28 October. An item posted on the Parliament website invites those with relevant expertise and experience, or a special interest in the Bill, to submit their views in writing. The committee could report earlier than 28 October, and once it has reported it is no longer able to receive written evidence.

Replies (5)

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By johnjenkins
12th Sep 2014 10:19

A bill to

provide more penalties. Should go flying through so why ask for comments?

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By the_Poacher
14th Sep 2014 12:33

Extend the scope
it is about time NI was extended to dividends to stop so many company directors avoiding it.

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Replying to SWAccountant:
Wild Billy Hickok
By Wild Billy
14th Sep 2014 17:59

Latest edition of Taxation

The latest edition of Taxation has an interesting article on this by Mike Truman. More NICs on the self-employed anyone?

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By johnjenkins
15th Sep 2014 10:11

Er

dividends are paid to shareholders not directors. If the director is also the shareholder then so what. There is nothing being avoided only a greedy government wanting more money to cover incompetence.

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By Jelly Weebster
15th Sep 2014 14:05

Insurance payments take a great part of my budget and now I am starting to think about refusing from some of them. It is really unnecessarily to insure your home, your life, your sofa. If something emergency happens it may be difficult to make payments easily.

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