Aug 18, 2021 | PAYE and NI
The Government could increase National Insurance contributions (NICs) by 1% for both employers and employees, a report has claimed. The Times said senior ministers have agreed to increase NICs to put an extra £10 billion into social care, to fund long-term reform and...
Jun 7, 2021 | PAYE and NI
The Office of Tax Simplification (OTS) is to explore changing the end of the tax year from 5 April to either 31 March or the end of the calendar year. Published in a document on 4 June, the OTS said they would be analysing the "benefits, costs and wider implications"...
May 17, 2021 | PAYE and NI
The Government revealed a National Insurance contributions (NIC) bill during the Queen's Speech on 12 May 2021, introducing a wave of NIC relief. Chancellor Rishi Sunak set out the goals of the bill to the House of Commons on the same day, claiming: "It will introduce...
May 11, 2021 | PAYE and NI
In a crackdown on tax avoidance by ‘disguised employees', HMRC has claimed that TV presenter and former England striker Gary Lineker is liable to pay £4.9 million in income tax and National Insurance contributions (NICs). In tax tribunal documents released earlier...
Apr 26, 2021 | PAYE and NI
Tax receipts and national insurance contributions totalled £584.3 billion for the tax year 2020/21, £49.1bn lower than in the same period last year, Government figures show. HMRC reported that VAT suffered the most, falling by £28.8bn (22%), attributable to the VAT...
