Budget 2013: Government to consult on simplifying NICs for the self employed


in
Money, News

Another titbit we’ve found in the 2013 Budget document, Section 2.42, entitled National Insurance administration for the self-employed. This entry is a short one, and simply reads:

The Government will consult on options to simplify the administrative process for the self-employed by using Self Assessment to collect Class 2 NICs alongside income tax and Class 4 NICs.

Obviously at this phase the Government is only promising to think about change, so it’s pointless to speculate on when this change might be implemented – however in a Budget almost completely devoid of help for freelancers and contractors it’s nice to know the Government is at least acknowledging that we exist.