No sooner had we written about the changes to Class 4 National Insurance in the 2017 Budget (albeit with the Caveat to ‘watch this space’), the Chancellor Philip Hammond has performed a U-turn. The Chancellor had faced an unprecedented backlash from his MPs who had accused him of breaking a general election manifesto commitment not to raise … Continue reading “Class 4 National Insurance U-Turn – Budget 2017 Update”

For some individuals it makes sense to operate as Limited Company especially considering the recent announcement that Class 4 National Insurance is rising. Saving tax should not be the only consideration when deciding on operating as a limited company, there are many different factors to consider. Director/shareholders of a limited company are traditionally remunerated by receiving a small salary up to … Continue reading “Dividend Tax Changes – Budget 2017”

The Chancellor Philip Hammond announced a shock change to Class 4 National Insurance in his first Budget speech last week since attaining office. As it stands, Self-employed individuals pay Class 2 National Insurance and Class 4 National Insurance. We recently posted about changes to the way Class 2 NI is paid and it has already been announced that this is … Continue reading “Class 4 National Insurance Changes – Budget 2017”

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