Just had an e-mail from Lawspeed headed "News 3rd December 2013" including the following text:
HMRC has said that it will collect outstanding class 2 national insurance contributions (NICs) from PAYE
My client is a partner in a business. Profit share is say £8k.
HMRC has attempted to fix a national insurance (NI) number verification problem under RTI by issuing numbers without the final letter (A B, C or D).
Employees missed out on the big Budget announcements regarding national insurance, but there was a nod towards simplifying NICs for the self employed in HMRC’s
I am a Spanish lawyer based in Marbella hence Spanish tax resident. I am also a UK Solicitor and since August 2010 a UK Notary Public.
Many clients' spouses have been receiving letters that all ask for £626.60 to make up for a gap in NIC to qualify for state pensions.
Are these letters correct?
A company director pays himself £624 in month 1 of the tax year under PAYE. In month two he pays himself £11,144.00.
The government has delayed a consultation on options to integrate the operation of income tax and National Insurance Contributions (NICs).