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National Insurance Contributions (Class 2 (£ 2.85 per week, Trading profit…
National Insurance Contributions
Class 1A
Paid/Borne by employer
Non Cash
Earnings
All Taxable benefits Except Benefit element of millage allowance & vouchers
Age: Above 16
Due Date
Due on 19th July following end of Tax year
3 further days - Online payment
Class 4
Paid on Tax adjusted trading profit
Due on 31 January following end of Tax year
Paid/Borne by Individual
Age 16 - 60/65
Class 2
£ 2.85 per week
Trading profit - min £6025
Age : 16 - 60/65
Due on 31 January following end of Tax year
Paid/Borne by Individual
Class 1 Employer
Paid/Borne by employer
Cash Earnings
Age: Above 16
Due Date Due on 19th of each month, OR 14 days after end of PAYE month
3 further days - Online payment
Employment Allowance, £ 3,000
Class 1 Employee
Due Date Due on 19th of each month, OR 14 days after end of PAYE month
3 further days - Online payment
Age : 16 - 60/65
Borne by Employee
Cash Earnings
Paid by Employer