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Archive for the "PAYE & NI" Category

UK Budget 2024 – Blog 6 – National Insurance for the...

9th March | Posted in: Company News, PAYE & NI, Personal Tax, Tax planning

Self-employed individuals with profits of more than £12,570 a year pay two types of NIC: Class 2 and Class 4. Two key changes come into effect from 6 April 2024, […]...

UK Budget 2024 – Blog 5 – Employment Taxes

9th March | Posted in: Company News, PAYE & NI, Personal Tax, Tax planning

For employees As announced in the UK Government Autumn Statement 2023 and in effect since 6 January 2024, the main rate of Class 1 National Insurance Contributions (NICs) has already […]...

UK Budget 2024 – Blog 1

9th March | Posted in: Business Tax, Capital gains tax, Company News, Inheritance tax, PAYE & NI, Pensions, Savings & Investments, Personal Tax, Properties, Property Investment, Tax planning

On 6 March 2024, the Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this […]...

outsourcing payroll

HMRC Phasing Out Employers PAYE Payment Booklet

1st February | Posted in: Company News, PAYE & NI, Payroll

HMRC have decided to retire the traditional method of making PAYE payments in favour of more modern alternatives. In April 2015 HMRC stopped automatically issuing payment booklets to new employers [&h...

National Insurance Numbers can now be saved to the Apple Wallet...

15th June | Posted in: Company News, PAYE & NI, Payroll

In an increasingly digital world where our smartphones have become essential tools for managing various aspects of our lives, it is no surprise that technology continues to evolve and streamline [&hel...

PAYE Settlement Agreements (PSAs)

23rd May | Posted in: Business Tax, PAYE & NI

Benefits in kind that are provided to employees will usually result in an income tax charge on the employee and a Class 1A national insurance (NI) charge on the employer. […]...

Statutory Sick Pay

22nd May | Posted in: Company News, PAYE & NI, Payroll

Statutory Sick Pay (SSP) is a payment that employers are legally required to provide to eligible employees who are unable to work due to illness or injury. Eligibility Criteria An […]...

Employment Allowance

22nd May | Posted in: Company News, PAYE & NI, Payroll

Employment Allowance (EA) is a scheme that was introduced in April 2014 which allows eligible employers to reduce their National Insurance liability by up to £5,000 for the 2023/24 tax […]...

2022/2023 P11d Forms Must be Submitted Online

18th May | Posted in: Business Tax, PAYE & NI

The deadline for filing P11d forms to report benefits in kind in respect of directors and employees for 2022/2023 is 6 July 2023.  Note, however, that the original and any […]...

Employers National Insurance Contributions Relief for Veterans...

16th May | Posted in: Company News, PAYE & NI, Payroll

As an employer you may be eligible to claim National Insurance Contributions (NIC) relief for any veterans you have employed. The relief has been available to employers since April 2021 […]...

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