Abstracts » Business

An old wives' tale

Article Abstract:

Many taxpayers have forgotten one particularly obscure national insurance by-law that was passed in 1975 under the Labor government of James Callaghan. This law involved transitional rules for Class 2 National Insurance contributions (NICs) which allowed married women and employed widows the right not to pay employee contributions and instead rely on their spouses' contributions to claim benefits. Twenty years after this obscure law was passed, problems arising from it are cropping for those women who chose not to pay contributions. Unfortunately for these women, the Contributions Agency has decided to vigorously pursue these women, requesting that they now pay contributions if they are unable to present their registration certificates for this long-forgotten Class 2 NICs.

Tax Law, Public Finance Activities, Taxation, Laws, regulations and rules, Partnership, Partnerships, Married women

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Employment taxes update

Article Abstract:

The latest developments in the employment market are reported. The Work and Families Act (WAFA) 2006 will be extending rights to statutory maternity pay (SMP) and statutory adoption pay (SAP) for anyone whose expected week of childbirth (EWC) or expected date of placement is on or after 1 April 2007 from October 1, 2006 onwards.

Interpretation and construction, Labor law, Labour law

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Employment taxes update

Article Abstract:

A monthly update on the employment tax developments is presented. The changes in the Statutory Sick pay (SSP), new employer registration, and Construction Industry Scheme for non-residents are described.

Management dynamics, Taxes, Management, Income tax, Company business management

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