Employees with more than one job may be eligible to defer or delay paying Class 1 National Insurance in certain situations. This deferment can be considered if any of the following apply:
This deferral may allow for reduced NIC deductions of 2% on weekly earnings between £242 and £967 in one of your jobs, instead of the standard 8% rate.
At the end of the tax year, HMRC will review your National Insurance contributions and notify you if you owe NIC arrears.
Most self-employed individuals are also required to pay Class 4 NICs. While it was previously possible to defer these contributions, that option is no longer available. However, you may be able to claim a refund for past tax years.
08/11/2024 - More...
1 December 2024 - Due date for Corporation Tax payable for the year ended 28 February 2024. 19 December 2024 - PAYE and
07/11/2024 - More...
It was confirmed as part of the Autumn Budget measures that changes announced by the previous government at the Spring
07/11/2024 - More...
At Autumn Budget 2024, the government confirmed that it will go ahead with a simplification measure first announced in
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!
» Sign up for the Newsletter
» Login