Apr 28, 2022 | PAYE and NI
National Insurance contributions (NICs) brought in revenue totaling £156.9 billion in the 2021/22 financial year, the latest figures from the Office for National Statistics show - the highest amount on record. This was a £12bn increase on 2020/21, when £144bn was...
Apr 6, 2022 | PAYE and NI
The Government has introduced a new health and social care levy to help cover the costs of the NHS backlog. The 1.25% rise in National Insurance contributions (NICs) and dividend tax came into effect today (6 April), and will apply until April 2023. After this, rates...
Feb 1, 2022 | PAYE and NI
The Government has insisted it is "fully committed" to introducing a National Insurance contribution (NIC) rise in the spring after reports Prime Minister Boris Johnson was "wobbling" on the issue. Johnson previously presented the 1.25 percentage point increase due to...
Oct 7, 2021 | PAYE and NI
The national living wage for over-23s could be in line for a significant rise from April 2022, according to reports. The Low-Pay Commission, which sets the minimum rates each year, wants to boost the pay of the lowest earners from £8.91 an hour to about £9.42. Any...
Sep 8, 2021 | PAYE and NI
A new health and social care tax is being introduced to boost funding for the NHS and social care, Prime Minister Boris Johnson announced. Employees and the self-employed will initially pay an extra 1.25% in National Insurance contributions (NICs) from April...
