News Tag Results for "NIC"

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Budget update 2020-Personal tax allowances and NICs

Personal tax allowances and NICs The personal tax allowance will remain at £12,500 for 2020/21. The Class 1 National Insurance Contributions (NIC) primary threshold will rise to &pou... more


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HMRC Launch Consultation on NIC Holiday for Veterans

HMRC Launch Consultation on NIC Holiday for Veterans The Government currently provides a career transition package to service personnel leaving the Armed Forces which supports around 86% into e... more

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261
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New NIC treatment of termination payments to align with Income Tax

New NIC treatment of termination payments to align with Income Tax The National Insurance Contributions Bill was introduced into Parliament on 25 April 2019. The Bill contains provisions design... more


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When are tips taxable?

The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often ar... more

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