Collection of Class 2 NICs
Collection of Class 2 NICs to be changed from 5 April 2015
Class 2 NICs are currently collected by monthly direct debit, or by 6 monthly invoice in arrears. From April 2015, this method of collection will cease.
For the 2015/16 tax year, the self employed will pay their Class2 NICs through self assessment alongside income tax and class 4 NICs. This will therefore become due on 31 January and 31 July each year, commencing 31 January 2017.
Those self employed whose profits fall below the threshold will be able to pay Class 2 NICs voluntarily.