Changes to VAT penalties and interest from 01 January 2023
Self-employed Class 2 National Insurance will not be scrapped The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions (NICs) from April 2019.Class 2 NICs are currently paid at a rate of £2.95 per week by self-employed individuals with profits of £6,205 or more per year. The government had…