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16 March 2016

Class 2 NIC for the self-employed to be abolished from April 2018

on Wednesday, 16 March 2016.

Following previously announced changes to simplify taxes for the self-employed and collect Class 2 NIC as part of the self-assessment process, the Chancellor has today gone one step further and announced that Class 2 NIC will be abolished completely from April 2018, saving the self-employed (and partners in a trading partnership/LLP) £145 per annum.

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