Government scraps plans to increase class 4 NICs

Government scraps plans to increase class 4 NICs

The Chancellor of the Exchequer, Philip Hammond, has announced that the government no longer intends to increase class 4 National Insurance contributions (NICs) as indicated at the Spring Budget 2017 (see: Spring Budget 2017—Income tax and NICs). The government previously announced that there would be an increase in class 4 NICs paid by th

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