National Insurance Contributions 2014/15 covers all classes of UK National Insurance contributions. It considers international issues for British citizens working abroad and foreign nationals working in the UK. It explains where a liability arises under each class and how to calculate that liability, as well as describing the associated administrative requirements. Broad coverage Each year this annual covers the key information practitioners need to know about this specialist area including: * All classes of NICs and international issues * Appendices showing the rates of each class of NIC for the last 6 years * References to guidance on the HMRC and gov.uk websites and from HMRC Manuals * Relevant forms * Tables and flowcharts * Legislative references The hot topics for 2014/15 This new edition has been updated to cover: * Legislative changes since the last edition, including the National Insurance Contributions Act 2014 * Changes to rates and thresholds for 2014/15 and the impact of those changes * The introduction of the employment allowance * The abolition of secondary Class 1 contributions for employed earners under 21, on earnings up to the UEL from 6 April 2015 * Changes to the categorisation of earners regulations * The impact of the introduction of the single-tier pension from April 2016 on decisions concerning voluntary contributions * The introduction of Class 3A voluntary contributions from October 2015 for those reaching state pension age before 6 April 2016 * The extension of the General Anti-Abuse Rule (GAAR) to National Insurance contributions An easy-access, practical resource Distinctly practical and accessible in style, the book contains worked examples and planning points to illustrate where the liability can be legitimately minimised. All commentary is supported by legislative references and the entire text is clearly indexed and comprehensively cross-referenced to enable the reader to find what they need quickly and easily. Who should buy this book? National Insurance Contributions is indispensable for accountants, employers, tax advisers and NIC specialists alike. Previous print edition ISBN: 9781780431611

Table of Contents:
1 Overview of the National Insurance system 2 Categorisation of earners 3 Class 1 National Insurance contributions 4 Class 1A National Insurance contributions 5 Class 1B National Insurance contributions 6 Class 2 National Insurance contributions 7 Class 3 and Class 3A National Insurance contributions 8 Class 4 National Insurance contributions 9 International considerations Appendices Appendix 1 Class 1 NIC rates and thresholds Appendix 2 Class 1A NIC rates Appendix 3 Class 1B NIC rates Appendix 4 Class 2 NIC rates Appendix 5 Class 3 NIC rates Appendix 6 Class 3A Voluntary NIC rates Appendix 7 Class 4 NIC rates Appendix 8 What to include in gross pay - HMRC guidance Appendix 9 Which National Insurance tables to use? Appendix 10 National Insurance treatment of common benefits in kind Appendix 11 Form P11D 2013/14 Appendix 12 Form P11D(b) 2013/14