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March Budget - National Insurance

March Budget - National Insurance Employees The rates and thresholds for National Insurance Contributions for 2014/15 are:  Class: Weekly e...

National insurance

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

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...

Spring Budget 2017 - Individuals

Individuals Personal allowance and income tax threshold The personal allowance for 2017/18 is set at £11,500 (£11,000 in 2016-17), and the basic rate limit will be increased to ...

Employment allowance

Employment allowance Businesses will have their employer national insurance bill cut by another £1,000 from April 2016, as the employment allowance rises from £2,000 to £3,000...

HMRC update guidance on MSCs (Managed Service Companies)

HMRC have updated their guidance, following the recent decision in Christianuyi Ltd v R & C Commrs [2018] UKUT 10 (TCC), in which the Upper Tribunal ruled that a number of companies were o...

State Pension: Paying voluntary NICs

State Pension: Paying voluntary NICs There are various reasons as to why gaps may arise in an individual's national insurance contributions (NIC) record eg.because that person has been on l...

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 ...

State Pension: New state pension and contracted-out NICs

State Pension: New state pension and contracted-out NICs Most people will be aware that the state retirement pension system has changed for people who reach state pension age on or after 6 Apri...

Spring Budget 2017 - Indirect Taxes

Indirect Taxes Annual Tax on Enveloped Dwellings The annual charges for the Annual Tax on Enveloped Dwellings (ATED) will rise in line with inflation for the 2017/18 chargeable period. ...

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...

Can an employer still claim the Employment Allowance (EA)?

Can an employer still claim the Employment Allowance (EA)? In broad terms, the Employment Allowance (EA) is available to most employers and should enable them to reduce the amount of National I...

Tax avoidance, evasion & non-compliance

Tax avoidance, evasion & non-compliance The government has published:  The government has previously stated its ongoing commitment to keeping the tax administration framework under...

Autumn Budget 2018 - tax treatment of expenses for unpaid officeholders

The government will legislate in Finance Bill 2019/20, so that expenses paid or reimbursed to unpaid office-holders are exempt from income tax when incurred because of their voluntary duties. This ...


Summary Chancellor George Osborne has delivered the first Budget by a wholly Conservative government in almost 20 years. The March 2015 Budget provided some clues as to possible new measures an...
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