Fuller Spurling’s Spring 2020 tax briefing is now available, with guidance and information on the following… Capital Gains Tax (CGT) – pay in 30 days! IR35 off-payroll working rules, 6 April 2020 New NIC thresholds announced ahead of the budget Restricted Employment Allowance, worth up to £3k per year Company accounts & returns – […]
Paying the correct National Insurance Contributions
Your workforce may include people of all ages from school leavers to those past state pension age, with some working part time or holding down two jobs concurrently.
Small changes for Class 1 National Insurance
There have been no changes to the percentage of National Insurance with rates set to stay the same but note the primary threshold and higher earnings limit has increased.
Last chance to pay Class 2 National Insurance (NIC)
The two classes of national insurance (NIC) payable by the self-employed will be merged into one class from 6 April 2019.
National Insurance contribution savings for apprentices under 25
From 6 April 2016, if you employ an apprentice you may not need to pay employer Class 1 National Insurance contributions.