by James Hellyer | Nov 8, 2024 | Budget, National Insurance, PAYE
The upcoming increase in employer National Insurance Contributions (NICs) in the UK, set to rise from 13.8% to 15% from 6 April 2025, along with the reduction of the secondary threshold from £9,100 to £5,000, will significantly impact business costs. To mitigate these...
by James Hellyer | Nov 8, 2024 | Budget, National Insurance, PAYE
The proposed increases to the UK National Minimum Wage (NMW) and National Living Wage (NLW) set for April 2025 are expected to impact employers and employees significantly. Here’s how various sectors might feel these changes: Financial Pressures on Employers: With the...
by James Hellyer | Feb 12, 2024 | Income Tax, National Insurance, Tax tips
As you are probably aware the 2023-24 tax year ends on 5 April 2024. Most of the opportunities to arrange your tax affairs in the most advantageous way end and action to reduce your tax payments must be taken before this date. Accordingly, we have less than two months...
by James Hellyer | Nov 27, 2023 | Budget, National Insurance
Unsurprisingly, there were no changes to the rates and allowances for Income Tax purposes, VAT, Corporation Tax, Inheritance Tax and Capital Gains Tax. NIC charges for employees and the self-employed were eased and the Chancellor has bowed to lobbying by UK companies...
by James Hellyer | Nov 27, 2023 | National Insurance
You can check your National Insurance record online at GOV.UK to see: what you have paid, up to the start of the current tax year (6 April 2023); any National Insurance credits you have received; if gaps in contributions or credits mean some years do not count towards...
by James Hellyer | Nov 23, 2023 | Budget, Capital allowances, Income Tax, National Insurance, personal finance
The Chancellor of the Exchequer has delivered his Autumn Statement 2023 to Parliament. The Treasury news story ‘Chancellor backs business and rewards workers to get Britain growing’ provides a summary of the key points arising in the Autumn Statement, which includes...
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