Our Accountancy Blog

Rate this item
(0 votes)

The Government’s ‘triple tax lock’ prevents increases in many taxes, including employee and employer National Insurance Contributions. Employee NIC contributions are currently 12%.

However this means that self-employed National Insurance Contributions are fair game. It may be the case that the Government sees scope for a tax increase, by changing the rate of self-employed NIC contributions. Perhaps we might be looking at an increase from 9% to a figure similar to that being paid by employees of 12%.

Read 1066 times
Tony Shackleford
Tony Shackleford

Chartered Accountant offering support to Limited companies and the self employed.

Login to post comments

Website design and development by Essence Design LTD