This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.


Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet
NIC regulations laid
10/12/2008, by Sarah Laing, Tax News - PAYE and Payroll Taxes, National Insurance, NICs
Rating: 5/5 from 4 people

HMRC have published new regulations relating to the payment of Class 2 and voluntary Class 3 national insurance contributions (NICs) for past years.

Class 3 contributions for the 2006-07 tax year which are paid after 5 April 2009 and voluntary Class 2 contributions for the 2006-07 tax year which are paid after 5 April 2008 generally have to be paid at the highest rate in force between the 2006-07 tax year and the date of payment. This means that such late paid contributions are charged at a higher rate.

The Social Security (Contributions) (Amendment No 6) Regulations 2008 (SI 2008/3099) allow contributors to pay voluntary Class 2 or Class 3 contributions for the 2006-07 tax year at the rate originally applicable for that year (£2.10 per week for Class 2 and £7.55 per week for Class 3) provided they are paid no later than 5 April 2013.

About The Author

Sarah Laing
Editor, TaxationWeb News

Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences).

Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession.

Back to Tax News

Please register or log in to add comments.

There are not comments added

Tony Talks - 

ICPA Chairman Tony Margaritelli asks What Tax Gap? and discusses the domestic reverse charge for VAT