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NI cuts

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SVaz

SVaz Posts: 549 Forumite

500 Posts

First Anniversary

6 March 2024 at 7:15PM in Cutting tax

When doing Self assessment for 23-24, is last year’s NI rate payable in January or will it be the new rate of 6% ?

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[Deleted User] Posts: 0 Newbie

6 March 2024 at 9:46PM edited 6 March 2024 at 9:48PM

Only effective from 6th April 2024. Your 2023/24 return will have NI charged at 8% on your profits.

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