Marginally beneficial to small companies and lower paid individuals The Spring Statement (effectively a mini budget) reduces the tax burden slightly on lower paid and smaller companies. The most relevant announcements to our clients are an increase in the tax-free allowance for National Insurance (beneficial to businesses and employees) and an increase in the Employment […]
Find out moreNational Insurance is increasing from April 2022 From April this year, most people and businesses will pay 2.5% higher National Insurance contributions. This table illustrates how contributions stand at present and how they will look after 1st April 2022, at the start of the new tax year. Employee’s NI Employer’s NI Currently 12.00% 13.80% From […]
Find out moreDo you work overseas? Are you in danger of paying social security contributions twice? If you’re an employee or if you’re self-employed, and you’re working overseas, there’s a danger that you’ll find yourself paying your social security contributions (Called National Insurance or ‘NI’ in the UK) twice, ie social security contributions in the overseas country […]
Find out moreNational Insurance – Your questions answered What is National Insurance? National Insurance (NI) is a tax that must be paid by anyone who works in the UK, earning over £184 per week. National Insurance was originally introduced as an ‘insurance scheme’ to provide benefits for those who can’t support themselves. However, it’s now viewed as […]
Find out moreDuring the UK’s membership of the EU, professional qualifications obtained in any EU country formed part of a reciprocal system. This permitted EU nationals to have their qualifications recognised across the EU, allowing them to practise their profession throughout the region. Since Brexit, that system no longer applies. However, as part of the EU withdrawal […]
Find out morePensions provide a number of tax benefits that, when combined, can give a considerable boost to your final retirement fund. In this article, we explore these benefits and look at how you can make the most of your pension pot. Pension tax relief – what is it? One of the best reasons to save for […]
Find out moreHelping UK companies with Overseas Employee Sponsorship Licences As I’m sure you know, free movement of workers between the EU and the UK has ended and we now have a new immigration system. This system requires both the UK company that will employ the worker and the EU worker to follow a complex and expensive […]
Find out moreProposed increases in National Insurance and Dividend Tax Yesterday (7/9/21) the UK Government announced its plans for a 1.25 percentage point increase in National Insurance Contributions (normally considered as a tax to fund pensions) and Income tax on dividends. The aim of the increases are to raise about £36 billion over three years, which is […]
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