Class 2 NIC Changes

by on December 6th, 2010
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Changes to payment dates – Class 2 National Insurance contributions

From April 2011, payments for your Class 2 National Insurance contributions will become due on 31 January and 31 July, the same as a Self Assessment tax bill.

Payments made by internet/telephone banking, CHAPS, Bank Giro, Post Office or post
You will receive just two payment requests from HM Revenue & Customs (HMRC) in the year (instead of four bills) in October and April, showing payments due by 31 January and 31 July respectively. You do not need to wait until the due date to make payment.

Payment made by Direct Debit
To meet the new due by dates, collection of monthly Direct Debit payments will be delayed by HMRC to bring the payment dates into line. This means that:
• for the first year only, monthly Direct Debits will stop for a short period and then start again
• Class 2 contributions due for April 2011 will be requested from your bank in August 2011
• payments thereafter will be monthly unless you choose to pay 6 monthly from April 2011

A new option to pay by 6 monthly Direct Debit, collected in January and July each year, will be available from April 2011 for those who do not wish to spread their payments.

For those affected by these changes detailed information will be issued via a series of special mail shots in the coming weeks.

Categories: National Insurance