National Insurance contributions: an introduction
This note gives an introduction to National Insurance system, and the debate there has been about integrating National Insurance contributions (NICs) with income tax.
The Social Security (Contributions) (Amendment) Regulations SI 2018/120 were laid on 1 February, and came into force from 6 April 2018.
Social Security (Contributions) (Amendment) Regulations SI 2018/120 (393KB PDF)
The Social Security (Contributions) (Amendment) Regulations SI 2018/120 were laid on 1 February, and came into force from 6 April 2018. The regulations make three changes to National Insurance contributions (NICs):
There has been quite a lot of comment, not about the regulations themselves, but about the policy underpinning the second of these changes – the Government’s decision to introduce a new scheme to support parents’ childcare costs – Tax Free Childcare – and its intention to close employer-supported childcare (ESC) to new applicants from April 2018. This issue is examined at length in, Childcare Vouchers and Tax-Free Childcare – Frequently Asked Questions, Commons Briefing Paper CBP8055, 20 April 2018.
On 13 March the House considered and approved four statutory instruments, including these regulations.[1] On this occasion the Government announced that it would defer the closure of ESC schemes to new applicants for six months, until October 2018.[2]
Notes :
[1] HC Deb 13 March 2018 cc755-823
[2] See also, Employer Supported Childcare Written Statement HCWS616, 29 March 2018
Social Security (Contributions) (Amendment) Regulations SI 2018/120 (393KB PDF)
This note gives an introduction to National Insurance system, and the debate there has been about integrating National Insurance contributions (NICs) with income tax.
Find out how National Insurance numbers are issued in Great Britain and what to do if someone doesn’t have one or can’t find it.
This note discusses the process by which National Insurance numbers (NINOs) are allocated and the uses to which they are put.