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Chartered Tax Advisers, Accountants and Business Consultants for small and medium businesses
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  Marsland Nash Associates

Unit 4,
Brunel Buildings,
Brunel Road,
Newton Abbot,
TQ12 4PB

Tel: 01626 334 989
7a Dartmouth Road
Paignton
Devon
TQ4 5AA

Tel: 01803 527 599
 

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Chancellor’s Budget U-turn on NIC rises

In the budget Chancellor Phillip Hammond announced that he would be raising Class 4 national insurance contributions. Class 4 NICs which are paid by the self-employed, were set to rise from 9% to 10% next April, and again to 11% in April 2019. However, after much debate the Chancellor has scrapped the increases, citing that it could be seen as breaking election promises.

The Class 2 NICs paid by self-employed (the old weekly stamp) will still be abolished in April 2018.

 
Our Latest News
Chancellor’s Budget U-turn on NIC rises

In the budget Chancellor Phillip Hammond announced that he would be raising Class 4 national insurance contributions. However, after much debate the Chancellor has scrapped the increases, citing that it could be seen as breaking election promises.

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