Entries in National Insurance (10)

Tuesday
Feb112014

National Insurance and income tax to be merged?

The Office of Tax Simplification (OTS) has revealed long-term plans to merge NICs and income tax into one unified tax. The measures were included in a recently published review of employee benefits.

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Friday
Feb072014

HMRC publishes new guidance for businesses on forthcoming Employment Allowance

HMRC’s new Employment Allowance will be available from April 6, and new guidance for businesses has just been published.

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Tuesday
Feb042014

Corporation tax take falls, as overall take rises

In a survey of Britain’s top 100 companies by PricewaterhouseCoopers, it was discovered that the reduction in the rate of corporation tax has not translated into an overall reduction in tax revenue – quite the opposite in fact.

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Thursday
Jan302014

HMRC shuts down offshore tax avoidance plan

HMRC is set to collect around £400m in income tax and national insurance contributions, following a ruling that shut down a scheme whereby around 350 contractors and freelancers were collecting their income as forex loans.

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Wednesday
Jan152014

Good news for small business with new employment allowance

The government is to introduce a new employment allowance in April, which will see a saving of £200 per employee.

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