Warning from Fenland accountancy firm of change to Class 2 NI contribution payments

A FENLAND firm of accountants warned businesses that payments for Class 2 National Insurance contributions will become due on the same dates as self-assessment tax bills.

The change means that taxpayers who currently make payments to HM Revenue and Customs via telephone or internet banking, CHAPS, bank giro, Post Office counter or post will only receive two payment requests each year - on January 31 and July 31 - instead of four.

These will arrive in the October and April preceding each deadline.

Mark Hildred, a partner of Moore Thompson, which has an office in Wisbech, said: “In the case of monthly payments by direct debit, payments will stop for a short time next year, to bring the payment dates in line.

“Alternatively, a new six-monthly direct debit, collected each January and July, will also be offered.”

Anyone affected by the proposed changes will be sent detailed information by HMRC over the coming weeks.

For more information, please contact Moore Thompson in Spalding on 01775 711333, in Wisbech on 01945 465767 or in Market Deeping on 01778 380850, or visit www.moorethompson.co.uk