Peter Arrowsmith FCA, National Insurance Consultancy

	Peter Arrowsmith, FCA

	NATIONAL INSURANCE CONSULTANCY

	Specialist technical support and other services for professionals

	MAXIMUM NIC - IS THERE NOW SUCH A THING?

	Accountants are generally confused about the workings of NIC for 2003/04 and 2004/05 where a client has more than one employment or is both employed and self-employed. This is not surprising as the legislation received little publicity, it is obscure and what little Inland Revenue guidance that there is in leaflets, etc skirts around key issues and detail. And needless to say, the calculations can become complex. Now that we have the 1% charge without limit is there still an Upper Earnings Limit? Is there still a maximum? And is it still possible to claim deferment? The answer to all of these questions is most definitely - Yes. To assist professionals in their dealings with affected clients, I have produced a workbook containing 17 worked examples including commentary and reconciliations on each. Appendices include the relevant legislation and also my simplified notes on maximum contributions for earlier years. The examples are for the 2003/04 tax year - if considering deferment issues for the current year the principles are exactly the same. The workbook is available at £49 (VAT zero-rated), post paid in the UK and the EC. An order form - which also shows the full contents - can be downloaded here. Sorry, but I cannot accept credit, debit or charge cards. IMPORTANT NOTE - I aim to process all orders within 10 working days of receipt.. In the event of any delay in processing your order, please check this page before contacting me as any exceptional delays will be noted below. No current delays.

	Office 4, Knights Farm
	Newton Road
	Rushden
	Northamptonshire
	NN10 0SX

	Phone/Fax: 01933 411941
	E-mail: mail@niconsultancy.co.uk

	Member of the Institute of Chartered Accountants in England and Wales Updated 22/6/2004