National Insurance Contributions 2014/15 covers all classes of UK National Insurance contributions. It considers international issues for British citizens working abroad and foreign nationals working in the UK. It explains where a liability arises under each class and how to calculate that liability, as well as describing the associated administrative requirements. Broad coverage Each year this annual covers the key information practitioners need to know about this specialist area including: * All classes of NICs and international issues * Appendices showing the rates of each class of NIC for the last 6 years * References to guidance on the HMRC and gov.uk websites and from HMRC Manuals * Relevant forms * Tables and flowcharts * Legislative references The hot topics for 2014/15 This new edition has been updated to cover: * Legislative changes since the last edition, including the National Insurance Contributions Act 2014 * Changes to rates and thresholds for 2014/15 and the impact of those changes * The introduction of the employment allowance * The abolition of secondary Class 1 contributions for employed earners under 21, on earnings up to the UEL from 6 April 2015 * Changes to the categorisation of earners regulations * The impact of the introduction of the single-tier pension from April 2016 on decisions concerning voluntary contributions * The introduction of Class 3A voluntary contributions from October 2015 for those reaching state pension age before 6 April 2016 * The extension of the General Anti-Abuse Rule (GAAR) to National Insurance contributions An easy-access, practical resource Distinctly practical and accessible in style, the book contains worked examples and planning points to illustrate where the liability can be legitimately minimised. All commentary is supported by legislative references and the entire text is clearly indexed and comprehensively cross-referenced to enable the reader to find what they need quickly and easily. Who should buy this book? National Insurance Contributions is indispensable for accountants, employers, tax advisers and NIC specialists alike. Previous print edition ISBN: 9781780431611