Tax and NIC

Happy New Year

No, I am not running a couple of months late, I am actually a little early. I am talking about the most important ‘new year’ in my calendar, the New Tax Year! 6th April is the big date in all payrollers calendars and impacts every employer. It is the date that can not be selected …

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Personal Allowance

The personal tax allowance for 2017-18 will be £11,500, for individuals with this tax allowance the code will show as 1150L. Although this is due to be the standard tax code for 2017-18 some individuals will be on a different code depending on their circumstances, have a look at our tax codes article for more …

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Abolition of Employer National Insurance for Under 21s

In the Autumn Statement 2013 the Government announced plans to make employing younger people more affordable for businesses. From the 2015-16 tax year there secondary (employer) national insurance contributions will be abolished for employees under the age of 21 earning below the Upper Secondary Threshold, currently (2015-16) equal to the Upper Earnings Limit. Employees under …

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Have you claimed your £2000 Employment Allowance?

With only two months left of the current tax year you need to make sure you have submitted your claim for the £2000 Employment Allowance that many employers are entitled to.   This allowances reduces your employers Class 1 National Insurance liability, if your Class 1 NI bill is less than £2000 you won’t pay a …

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