Member Since: 20th Aug 2012
20th Mar 2014
I think it is a good idea to move Class 2 in with the rest of tax. Clearly direct debits can be missed and those paying on quarterly bill can forget to pay it and build up significant arrears that is not chased. Has anyone tried getting any sense out of the NIC office re Class 2 NIC I wrote to them a year ago about my NIC record with regard to Class 2 and received nothing and have been chasing them for months?
27th Jan 2014
From my personal experience of several PPI claims that I made against loan companies and credit card companies most have paid the interest at 8% gross without deduction of 20% tax. Only RBS deducted the tax at basic rate.
I declared all interest on my tax return received from PPI claims.