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Class 2 NICs – The hidden issue affecting self-employed taxpayers

Summary by Rotherham Taylor Chartered Accountants
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…
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Rotherham Taylor Chartered Accountants broke the news in on Tuesday, June 3, 2025.
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