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We provide our clients with regular updates on changes in taxation regulation, news from the world of accounting and, of course, information about the latest developments at AKS Accounting Services Limited.

Self-employed NIC penalties

From 6 April 2009 there is a change in the penalty to pay for late notification to the HMRC that you have commenced self-employment.

Up to 6 April 2009 the penalty was £100 and you had 3 months after commencement of trade to let HMRC know.

From 6 April 2009 the rules have been changed as follows:

  1. Anyone who ceases or becomes liable for Class 2 or Class 3 contributions must notify HMRC immediately.
  2. A penalty may be levied (between 30% and 100% of the "lost contributions") if notice is not given by 31 January following the end of the tax year in which you become liable.
  3. There will be no penalty if you have a reasonable excuse for the late notification.

You may find out about other changes in a consultation at our office.

Office hours 9-5.30pm

 

Address

39 St Annes Rd

London Colney

St Albans

Herts

AL2 1LQ

 

Mob: 07939 397 266

 

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You can contact us on the following telephone number if you have any queries or wish to make an appointment:

 

 

Mob: 07939 397 266

 

Alternatively, please email us at achensunnassee@hotmail.com or info@aksaccountants.com