National Insurance Contributions Bill 2014 published
18 July 2014
The draft National Insurance Contributions Bill 2014 has now been published in Parliament. This includes the proposed new information powers and anti-avoidance measures.
The draft Bill includes legislation relating to the following main measures:
· simplifying the collection of National Insurance Contributions (NICs) paid by the self-employed
· accelerating the payment to the Exchequer of amounts of NICs in dispute in avoidance cases
· applying new information powers and penalties to high-risk promoters of avoidance
· a Targeted Anti Avoidance Rule to prevent people from circumventing new legislation tackling avoidance involving employment intermediaries and offshore employers