NIM03003 - Class 1 NICs: Time limits for paying Class 1 NICs: quarterly payment option

Paragraph 11 of Schedule 4 to the Social Security Contributions Regulations 2001 (SSCR 2001) (SI 2001 No 1004)

Since the 2005/06 tax year employers whose average monthly payments of

  • NICs
  • Income Tax
  • Deductions from subcontractors
  • Student Loan Deductions (less working tax credit payments)

are likely to be less than 拢1500 can choose to pay HMRC quarterly. The tax quarters end on 5th July, 5th October, 5th January and 5th April.

  • Cleared payments made electronically or through a bank should reach HMRC by the 22nd of the month in which the quarter ends.
  • Cleared payments made by cheque should reach HMRC by the 19th of the month in which the quarter ends.