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UK Spring Budget 2017: Self-employed

Private Clients - 08 Mar 2017

In a further attack on the self-employed Mr Hammond highlighted the lower rate of National Insurance contributions payable by these individuals.  The government has already announced that it will abolish Class 2 NICs from April 2018 and this will go ahead.  However to decrease the differential between the rates of National Insurance paid by employees and those paid by the self-employed, the main rate of Class 4 NICs will increase from 9% to 10% with effect from 6 April 2018 and from 10% to 11% with effect from 6 April 2019. 

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Philip Hammond deliver the 2017 Spring Budget. We highlight areas relevant to UK based international individuals, families and businesses.

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