National Insurance update

24 September 2014

HMRC have published an advance version of the detailed National Insurance guide for 2015-2016, as well as a briefing note about possible further changes.

The guide is for 2015-2016 but is currently based on the 2014-2015 percentage rates and values. HMRC confirm that an updated version will be published in December 2014 following the Autumn Statement.

Also attached for information is a briefing note which outlines possible changes to Class 1 NIC for the tax year 2015-2016 along with revised formulae. Confirmation of any changes to the Class 1 NIC structure, thresholds etc will be included in the updated version of the NI Guidance for software developers.