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Article summary

These Regulations are made to give effect to the annual re-rating of various National Insurance contributions (NICs) rates, limits and thresholds for the purposes of calculating Class 1, Class 2, Class 3 and Class 4 NICs liability (or voluntary payment) for the tax year beginning 6 April 2025. It also allows for payments of a Treasury Grant not exceeding 5% of the estimated benefit expenditure for the 2025–2026 tax year to be made into the National Insurance Fund (NIF) and makes corresponding provision for Northern Ireland. They also extend the availability of the zero-rate relief on secondary Class 1 contributions for employers of qualifying veterans for the tax year 2025–2026.