National Insurance Contributions 2021/22

National Insurance Contributions  2021/22 cover

National Insurance Contributions 2021/22

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Description

National Insurance Contributions 2021/22 covers all classes of UK National Insurance contributions, explaining where a liability arises under each class and how to calculate that liability, as well as describing the associated administrative requirements. It also considers international issues for British citizens working abroad and foreign nationals working in the UK.

This new edition has been updated to cover:

- The rates and allowances applying for 2021/22
- Changes introduced by the National Insurance Contributions Bill 2021
- Extension to the off-payroll working rules
- Zero-rate of secondary contributions for employers of veterans for the first year of their first civilian employment since leaving the armed forces
- New rules for employers in Freeport tax zones coming into effect from April 2022
- International landscape after Brexit and new rules applying from 1 January 2021

This accessible reference guide has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues, as well as numerous worked examples demonstrating how to apply the main principles in practice.

Table of Contents

1 Overview of the National Insurance system
2 Categorisation of earners
3 Class 1 National Insurance contributions
4 Class 1A National Insurance contributions
5 Class 1B National Insurance contributions
6 Class 2 National Insurance contributions
7 Class 3 and Class 3A National Insurance contributions
8 Class 4 National Insurance contributions
9 International considerations
Appendices
Appendix 1 Class 1 NIC rates and thresholds
Appendix 2 Class 1A NIC rates
Appendix 3 Class 1B NIC rates
Appendix 4 Class 2 NIC rates
Appendix 5 Class 3 NIC rates
Appendix 6 Class 3A Voluntary NIC rates
Appendix 7 Class 4 NIC rates

Product details

Published 16 Dec 2021
Format Paperback
Edition 1st
Extent 456
ISBN 9781526518675
Imprint Bloomsbury Professional
Dimensions 234 x 156 mm
Series Core Tax Annuals
Publisher Bloomsbury Publishing

About the contributors

Author

Sarah Bradford

Sarah Bradford BA(Hons), FCA, CTA (Fellow) is the…

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