Government cuts NIC rates again for employees & self-employed
[ad_1] From 6 April 2024, the headline rate of NIC will fall from 10% to 8% for employees, and from 9% to 6% for the self-employed. The government will also consult on how it will abolish Class 2 NIC. At the Spring Budget 2024, the Chancellor announced cuts to the rates of national insurance contributions (NIC) […]
NIC rate cuts for self-employed and employees
[ad_1] National insurance contributions (NIC) will be reduced to 8% for the self-employed and to 10% for employees, and the flat rate class 2 NIC will be abolished for most self-employed, the chancellor has announced. Numerous changes to NIC rates were revealed in the Autumn Statement 2023. Self-employed NIC – classes 2 and 4 From 6 […]