The CIOT and ATT are both reporting problems with Class 2 NICs incorrectly being included in SA302 tax calculations for 2024/25. Members of both bodies have found that individuals who do not need to pay Class 2 NICs (in line with the most recent changes to Class 2) have submitted their tax returns and have then received self-assessment tax calculations (SA302) which include a liability for Class 2.
ATT members have reported receiving three types of letters from HMRC after submitting tax returns for clients not liable for Class 2 contributions and not paying voluntarily. In each case the correspondence indicates that Class 2 NICs have been amended ‘in accordance with the information we hold’. The three letters are as follows:
the Class 2 NICs amount is amended to zero which aligns with the tax return rendering the letter redundant;
a Class 2 charge...
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The CIOT and ATT are both reporting problems with Class 2 NICs incorrectly being included in SA302 tax calculations for 2024/25. Members of both bodies have found that individuals who do not need to pay Class 2 NICs (in line with the most recent changes to Class 2) have submitted their tax returns and have then received self-assessment tax calculations (SA302) which include a liability for Class 2.
ATT members have reported receiving three types of letters from HMRC after submitting tax returns for clients not liable for Class 2 contributions and not paying voluntarily. In each case the correspondence indicates that Class 2 NICs have been amended ‘in accordance with the information we hold’. The three letters are as follows:
the Class 2 NICs amount is amended to zero which aligns with the tax return rendering the letter redundant;
a Class 2 charge...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
