The rise in national insurance contributions for the self employed has been abandoned. I don’t find sudden u-turns impressive, as anything this swift suggests more consultation was needed before deciding on the now-scrapped increase. However, this is good news for many of my self-employed clients who would have been hit by this measure.
Class 2 NI is continuing to cause issues – clients are receiving recalculated tax with these left out when they were in fact due. If you receive any recalculation or any letter asking for a payment of Class 2, please let me know.