US EditionClass 2 NICs – The hidden issue affecting self-employed taxpayers
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7 Articles
Class 2 NICs – The hidden issue affecting self-employed taxpayers - Smailes Goldie
Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers. Instead, some are facing confusion, incorrect charges, and silence from HM Revenue & Customs (HMRC). The rule change that caused the problem From the 2024/25 tax year, most self-employed individuals no longer needed to pay Class 2 NICs, provided their profits were above £6,725. Instead, HMRC now automatically credits these…
Clay Shaw Thomas
Class 2 NICs – The hidden issue affecting self-employed taxpayers
Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers. Instead, some are facing confusion, incorrect charges, and silence from HM Revenue & Customs (HMRC). The rule change that caused the problem From the 2024/25 tax year, most self-employed individuals no longer needed to pay Class 2 NICs,... The post Class 2 NICs – The hidden issue affecting self-employed taxpayers appeared …
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