Zak Partnership
A Truly Tailored Experience
  • About
  • Services
  • Contact
  • News
  • Resources
  • Testimonials
  • Client Login
  • Call Now
6 April 2017

Class 4 NICs

Accounting News

The Chancellor announced two increases in Class 4 NI contributions for the self-employed in his budget and in the following week withdrew the increases for the term of the current parliament.

His original notion was to start the process of equalising the NI contributions made by the employed and self-employed now that State Benefits, particularly the new flat-rate State Pension, are available to both groups.

The first rate increase, from April 2018, was set to coincide with the abolition of the self-employed Class 2 contributions on this date. However, it would appear that manifesto promises carry more weight than fiscal necessity and the increases have been abandoned.

Class 2 contributions are still being withdrawn, which means that the scope of Class 4 contributions will need to be adjusted to counter any loss in benefits presently provided by Class 2.

Legislation in this area has been thrown wide open to change by the apparent U-turn since the budget announcements. As and when the intentions of government become more certain we will update readers accordingly.

Working from home Utilising tax losses

Related Posts

Accounting News

Goodbye 2017-18 and hello to 2018-19

Accounting News

What was all the fuss about?

Accounting News

Happy days

The Zak Partnership Ltd
The Zak Partnership Ltd
5.0
powered by Google
Jackie Hamilton
Jackie Hamilton
16:48 04 Jun 18
I have known Zak for over twenty years during which time he has looked after my tax affairs. He provides a user friendly, efficient but cost effective service whilst successfully resolving issues arising from my tax returns. He also keeps me up to date with progress on any tax relevant issues. I would have no hesitation in recommending The Zak Partnership to anyone.read more
J Ledwith
J Ledwith
14:51 14 May 18
We have enjoyed a professional business relationship with The Zak Partnership since 2012. They provide audit, taxation and payroll services and have helped us focus in our business. Our clients are major international broadcasters and we are proud to say The Zak partnership have always provided us with a first class service enabling us to meet our goals. - Jim Ledwith - Managing Director Fall Lineread more
EAA Services
EAA Services
09:15 10 May 18
Really happy with the service I have received from Zak Partnership. Excellent value for money as well. They went the extra mile for me when I was setting up. No hesitation in recommending them for all your financial needs.read more
Mellonie Flamson
Mellonie Flamson
14:15 08 May 18
The Zak Partnership are a genuine, friendly and a very helpful company. Extremely professional in their approach, they look after all of the accounting aspects of Little John's Pre-School. Recommended to us by a close friend, we have never regretted our decision.read more
Concept Deal Trading
Concept Deal Trading
11:38 06 May 18
The service I have received so far has been great! Zak is an excellent communicator and keeps me fully abreast of events as they happen and very responsive to replying to emails. In order to keep costs to a minimum, they have helped me in completing tasks myself, using Excel spreadsheets etc.read more
See All Reviews
Zak Partnership
© Zak Partnership 2019
Designed & Developed by Design by MYS