Plans to simplify the way self-employed people pay National Insurance Contributions (NICs) have been published for consultation by HM Revenue & Customs (HMRC).
HMRC is exploring whether it would be more straightforward to collect these contributions alongside Class 4 NICs and income tax through the Self Assessment (SA) process. Self-employed people are required to file an annual SA return and the Class 4 NICs paid by self-employed people are already collected through SA. This aims to reduce the administrative burden on self-employed people.
The self-employed and those who represent them are encouraged to respond to the consultation by 9 October 2013. The consultation document can be read here.
If you'd like to keep up-to-date with the latest developments in the heating and plumbing industry, why not subscribe to our weekly newsletters? Just click the button below and you can ensure all the latest industry news and new product information lands in your inbox every week.