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NICs changes

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The Social Security (Contributions) (Amendment No 4) Regulations 2016, SI 2016/1067, come into force on 28 November 2016 and contain four main strands:

  • introducing a NICs disregard for low-value non-cash vouchers corresponding to the income tax exemption for trivial benefits in kind;
  • transferring NICs liability to organisations or individuals that provide false documentation on the NICs disregard for home-to-work travel expenses of workers placed under the control of an employer, or to directors of intermediaries which fail to restrict the disregard in accordance with the new rules;
  • minor amendments to legislation on the Class 1A NICs disregard for duties performed abroad; and
  • minor amendments to legislation on secondary Class 1 NICs for workers on the UK continental shelf.

Draft regulations on the NICs disregard for trivial BIKs were published for consultation in December 2015.

Issue: 1331
Categories: News