NIC guidance updated on HMRC Website
HMRC have updated their online national insurance guidance in order to provide taxpayers with a more thorough overview of National Insurance. The new pages provide additional information and guidance on national insurance in a more organised way than previously available.
The new guidance is divided into the following five main sections:
- Voluntary contributions and topping up;
- Paying reduced rate National Insurance;
- Refunds, overpayments, complaints and appeals;
- Reporting changes.
The guidance also reminds taxpayers to ensure they keep HMRC updated of any changes in personal details. This is especially important for taxpayers who are approaching the threshold for claiming the basic state pension and for taxpayers with gaps in their national insurance contributions.