The National Insurance Contributions Bill 2021 is published
12 May 2021
The National Insurance Contributions Bill has been published, which deals with several matters which are of key interest to payroll professionals.
- Introduces a new secondary Class 1 National Insurance Contributions (NICs) relief for employers of Freeport employees
- Introduces a new secondary Class 1 NICs relief for employers of armed forces veterans
- Introduces an exemption for self-isolation support scheme payments from both Class 2 and Class 4 NICs
- Widens the existing power to make regulations that impose requirements to disclose information in relation to arrangements that am to avoid NICs
The explanatory notes to the Bill can be accessed in full here.
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