Employees set to save money thanks to National Insurance threshold increase
The Treasury has announced it’s going to raise the National Insurance threshold for 2020/21 to £9,500. Currently, workers start paying Class 1 National Insurance Contributions (NICs) when they earn at least £8,632. The 10% increase to £9,500 was approved by Parliament...
Changes to IR35 – April 2020
Changes to IR35 are coming into effect from 6 April 2020. With just a few weeks left until the new rules are introduced, this is the time for businesses and contractors to start getting ready. Below we explain everything you need to know including what the changes...
Everything you need to know about the tax implications of providing company cars
Providing a company car is a fantastic benefit for employees and can really help businesses to attract and retain great staff. The downside however is that this perk isn’t necessarily tax-free. It may also be liable for PAYE because HMRC considers the private use of a...