London Self Employed new NI Rules
For all our clients and friends and contacts in London, Croydon, Wimbledon and around the UK, these property issues from a Chartered Tax Accountant will help you
NATIONAL INSURANCE for Self Employed in London and UK
Changing payment dates for NI
Class 2 contributions. London News: The Taxman has announced a change in the dates on which certain NI contributions are payable. This only affects Class 2 NI, i.e. those who are self-employed. If you’re an employee or director, you will usually pay your NI through your salary and so will only be affected where you’re also self-employed or a member of a partnership.
Six-monthly. From 2011/12 Class 2 NI will be due twice a year: July 31 and January 31. Where you currently pay the contributions by monthly instalments through direct debit, there’ll be a break to bring payments into line with the new six-monthly due dates. In April 2011 your direct debit will automatically stop and will restart in August.
From April 2011 Class 2 NI due dates are changing to twice a year: July 31 and January 31. Where you currently pay these by monthly instalments, they will automatically stop in April 2011 and restart in August
If you trade as self employed in London, Croydon, Wimbledon or around the UK, then this notification is important. Call Gordon D'Silva on 020 8241 3000..
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