NIC overhaul delayed
Posted on 02 Oct 2013
Hammond delays NICs overhaul
The Treasury has announced that Class 2 NICs, which were due to be scrapped next April, will now stay in place until 12 months later. The move is expected to save around £200m. Treasury officials said the delay had been caused after "legitimate concerns" were raised that self-employed workers on low incomes would see their pension entitlements and benefits hit. The LITRG said of the Treasury’s move: “This is a welcome announcement that shows the government is listening.”
Source: The Daily Telegraph (03/11/2017)
