Expansion Of Zero Rated Employer NIC’s

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

Employer Beware! National Insurance Contributions On Expenses Can Be Significant

When Employers consider their exposure to national insurance contributions for Directors and employees, they tend to think only of the Employer's contributions due on the salaries paid. However, significant further NIC liabilities can arise in respect of benefits-in-kind. There are two types of potential NIC on benefits provided: Class 1 NIC - payable by both … Continue reading Employer Beware! National Insurance Contributions On Expenses Can Be Significant

New Beginnings

Spring is here, the clocks have gone forward, lambing is under way, and the new tax year is upon us! Here are some of the changes to expect upon the start of the new tax year 2014/15: 1) Basic personal allowance tax band increase to £10,000. 2) The basic rate tax band has reduced to £31,865 … Continue reading New Beginnings