Entries in National Insurance (10)


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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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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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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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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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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