National Insurance Contributions Bill

Thursday 16th October 2014 Written Statements

[The Financial Secretary to the Treasury (Mr David Gauke)]

The Government are tabling amendments to the National Insurance Contributions Bill today ahead of Committee stage of the Bill starting on 21 October 2014.

The amendments update the Bill to include the 2015-16 class 2 national insurance contributions rate and small profits threshold. The share fishermen’s rate of class 2 contributions in the Social Security (Contributions) Regulations 2001 is also amended in line with Government policy announced in Budget 2011. A minor technical amendment is also being made in relation to the application of the promoters of avoidance schemes legislation to national insurance contributions.