Thursday 31 January 2013

NIC rates

HMRC has published draft regulations and an order setting out the National Insurance contributions rates, thresholds and limits for the 2013-14 tax year. The draft regulations and order are subject to approval by both Houses of Parliament.
The relevant draft regulations are the Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2013 and the Social Security (Contributions) (Re-rating) Order 2013.
Accompanying explanatory memorandums have also been published by HMRC. Further details are available from HMRC.

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