HMRC update to introduction of National Insurance Bill provisions

Released 09 November 2017

HMRC have confirmed the introduction of employers NIC on sporting testimonials income and termination payments will be delayed by one year until 6 April 2019.

On 2 November 2017 the Government announced that the introduction of the National Insurance Contributions Bill will be delayed and consequently measures that will be legislated for by the Bill will now take effect from 6 April 2019 rather than 6 April 2018. HMRC have updated two policy paper notes to reflect the delay, including:

Policy paper Income Tax: update to treatment of income from sporting testimonials: the introduction of employer Class 1A NICs on Sporting Testimonial payments above £100,000 will now take effect from 6 April 2019 rather than 6 April 2018.

Policy paper Income Tax and National Insurance contributions: treatment of termination payments: the introduction of employer NICs on termination payments above £30,000 will now take effect from 6 April 2019 rather than 6 April 2018.

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