Posts Tagged NICs

Spotlight on -
Changes to Tax from April 2025

Greaves West & Ayre recently held two successful and well-attended Port Budget Rural Seminars.

The biggest revenue raiser in the Budget was the changes to NICs. The increase in Employers’ NICs (increasing from 13.8% to 15% from April 2025) grabbed many of the headlines. What has been largely overlooked is the reduction in “Secondary Threshold” from £9,100 to £5,000. Allied to the increase in the National Living Wage, the changes will particularly affect those in the care, retail, hospitality and cleaning/maintenance sectors.

Make your Christmas celebrations as tax friendly as possible by taking advantage of seasonal tax breaks.

Chancellor Jeremy Hunt has announced his Autumn Statement outlining measures to address the £55 billion gap in public finances and manage the impending recession. Here are the main points.

What's most tax efficient for Company Directors, a salary or dividends.

On 17 October the new Chancellor reversed almost all the mini-budget announcements made by Kwasi Kwarteng on 23 September.

Following the recent Bank of England interest rate rise, late payment interest rates levied by HMRC have been increased. 

Businesses are facing a perfect storm - rising inflation, increasing interest rates and higher energy costs. Make sure you have all the information you need to manage your finances.

The Government has announced an increase in National Insurance for all taxpayers all taxpayers, businesses and individuals, including the self-employed, to pay for the costs of the NHS and Social Care.