News Tag Results for "NI"

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303
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Abolition of Class 2 NICs delayed

Abolition of Class 2 NICs delayed On 2 November 2017, the Government announced a one year delay to the abolition of Class 2 National Insurance Contributions (NICs). Class 2 NICs will now be abo... more

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243
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All change for termination payments

All change for termination payments As confirmed in the 2017 Spring Budget, the tax rules governing termination payments will change from 6 April 2018. The term 'termination payment&... more

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1393
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Annual Payroll & RTI

Annual Payroll & RTI   Under real time information (RTI) PAYE reporting, a Full Payment Submission (FPS) report is required to be made to HMRC every time an employee is paid, not j... more

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230
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Autumn Budget 2017 - NICs Bill

Autumn Budget 2017 - NICs Bill The government has confirmed that it will introduce the NICs Bill in 2018. The measures it will implement are expected to take effect one year later, from April 2... more

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1762
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Budget Update - Employers

Budget Update - Employers   NIC When business owners and accountants are asked what single action could simplify the tax system, most suggest merging income tax and NI. This messag... more

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1927
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Changes to NIC Class 2 Payments

Changes to NIC Class 2 Payments As a self-employed person you probably pay your class 2 NIC, (formerly known as 'NI stamp') by monthly direct debit, or when the quarterly bill arrive... more

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765
Views

Changes to NICs for the Self-employed

Changes to NICs for the Self-employed From 2015-16 onwards, the collection of Class 2 contributions will be through the self-assessment system. This means that Class 2 NICs can now be paid... more


74
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HMRC to join preferred creditor list

From 6 April 2020, the government will change the rules so that when a business enters insolvency, more of the taxes paid in good faith by its employees and customers and temporarily held in trust ... more


1467
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Less Tax for Students

Less Tax for Students   If you are employing students over the summer months, don't forget to give them the HMRC form P38S (2011) to sign. This form allows the student to earn thei... more


798
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Make the Best of Allowances

Make the Best of Allowances As the sole owner/director of your company you face a dilemma over how to extract income from that company. If you pay yourself a salary of more than £8,060 pe... more


804
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National insurance

National insurance Immediate changes  Rates for 2015/16: Class Weekly or annual earnings  Rates  ... more

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1094
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Real Time Information (RTI) Penalties

Real Time Information (RTI) Penalties HMRC has experienced significant problems in reconciling amounts of PAYE due from employers, to the amounts reported under real time information (RTI). As ... more

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1428
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RTI Gathers Pace

RTI Gathers Pace We warned you previously about the new real time information (RTI) process. Now HMRC are writing to all employers who are not already part of an RTI pilot, to tell them how to ... more

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1125
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Salary, dividend or pension contribution?

Salary, dividend or pension contribution? When you work for your own company you can decide how much salary to pay yourself, how much to pay into your pension fund, and what proportion of the r... more


506
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Spring Budget 2017 - National Insurance contributions

National Insurance contributions   As previously announced, from 6 April 2018 Class 2 contributions will be abolished and Class 4 contributions will be reformed to include a new thresh... more

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