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National Insurance for Self-Employed
By Stacey McVeighty | Tuesday, 14th June 2016
Would you believe that HMRC’s systems and staff are not ready for a change that was rushed through? I know. Shocking.
Anyway, this time it is a problem with Class 2 National Insurance. As you will be aware from previous newsletters, HMRC have altered the way they collect NI from self-employed individuals. Instead of collecting the NI quarterly, it now gets added onto the tax return and paid with the tax bill in the following January.
Seems simple, right?
This means that individuals are being sent incorrect statements and calculations from HMRC
Unfortunately no-one explained this to the employees at HMRC, who have been happily deleting this entry from the submitted tax returns. This means that individuals are being sent incorrect statements and calculations from HMRC. Please ignore these and rely on the figures that we send to you.
This is being escalated through HMRC’s complaints department, so we may hopefully have a solution before the 31st January 2017.