PAYE (Pay As You Earn) Made Simple: A Complete Registration Guide
Understanding PAYE is essential for UK employers and employees alike, serving as the system through which HMRC collects income tax and National Insurance contributions from employee wages, ensuring compliance and accurate financial management. Registration for PAYE is a pivotal step,...
Tax Implications of Employing Staff in The UK for Your Business
This article delves into the tax implications and responsibilities associated with hiring employees in the UK, offering valuable insights to assist you in efficiently managing your business tax account and enhancing tax optimisation.
£3.6m Company Car Tax Appeal Won Against HMRC
The article highlights a recent Upper Tribunal judgment favoring construction companies, Laing O’Rourke Services Limited and Willmott Dixon Holdings Limited, in a dispute over National Insurance Contributions (NICs) repayment for specific car allowances. Laing's appeal was allowed, HMRC's was dismissed,...
Brace Yourself for HMRC’s New Interest Rates – Highest Since 2001
This article discusses the recent increase in late payment and repayment interest rates to 7.5% and 4%, respectively, following the Bank of England's base rate rise to 5%, with implications for various tax bills and the likelihood of further adjustments...
UK National Insurance Contributions | Rates, Thresholds, and Allowances Explained
The tax paid by workers and employers to fund various state benefits is the National Insurance Contributions. Learn about it all from this article.
Understanding National Insurance Contribution (NICs) in the UK
Here is everything that you need to know about the National Insurance Contributions (NICs) in the UK.
