So, the 6th of April brings in the new tax year with new rules, but what are the changes? Personal Allowance - increases to £11,000. Personal Savings Allowance - if you are in the 20% band for income tax, you will pay no tax on the first £1,000 of interest you get from savings. If … Continue reading New Tax Year – New Rules!
Following on from the success of the abolition of Employer National Insurance for employees aged under 21, this year sees a similar scheme rolled out to apprentices. From 6 April 2016, if you employ an apprentice who is under the age of 25, you may not have to pay Employer Class 1 NICs on their … Continue reading Expansion Of Zero Rated Employer NIC’s