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Class 2 National Insurance; basic PAYE tools; talking points.
Agent Update 54 has been published. It includes recent news consultations and announcements from HMRC.Extracts from some of the articles follow.
Automatic exchange of information
On 16 September 2016 HMRC is to hold a town hall event in London for small and medium businesses and agents affected by the common reporting standard Foreign Account Tax Compliance Act and Crown dependencies and overseas territories inter-governmental agreements.
Anyone interested in attending should register by emailing here.
Class 2 National Insurance
If the class 2 amount shows zero on the self-employed pages of a client’s self-assessment tax return HMRC explains that it will be for one of several reasons:
- the client has not registered to pay class 2 National Insurance;
- the client may have paid the maximum National Insurance due;
- the client may have received particular benefits...
