On 4 November 2014, HMRC published updates to the National Insurance Manual (NIM), creating a new section on NICs avoidance – NIM42000.

Whilst part of the section is made up of guidance which has moved from elsewhere in NIM, there is new content, including NIM51000, which addresses Part 7 of Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003). Similarly, NIM52000 (whilst based on a previously published FAQs document) contains further guidance on the complex provisions contained in Part 7A ITEPA 2003.

To access NIM4200 click here.