Employers must pay Class 1A NICs for 2025–26 by 19 July 2026 (or 22 July 2026 electronically). Don’t forget to pay your Class 1A NICs on benefits in kind, termination payments and sporting testimonials on time. Discover the key deadlines, reporting requirements and top tips to avoid HMRC penalties in our handy guide.
Paying Class 4 NICs is vital for self-employed individuals with profits over £12,570. Understand rates, exemptions, and stay compliant.
Self-employed individuals with profits over £12,570 must pay Class 4 National Insurance contributions (NICs). Rates for 2024-25 are 6% for profits between £12,570 and £50,270, and 2% above this. Certain groups are exempt. Contributions fund public services, making understanding tax obligations crucial for societal contribution.
In some circumstances it can be beneficial to make voluntary National Insurance Contributions (NICs) to increase your entitlement to benefits, including the State or New State Pension. The deadline to make up for gaps in NICs for the tax years from April 2006 to April 2017 has now been extended until 31 July 2023.
Voluntary National Insurance contributions could be reformed after a government call for evidence. Find out what’s changing, who the new rules for people abroad affect and what you can do now.
HMRC publishes latest deliberate tax defaulters list, naming businesses with undeclared tax bills of millions. Find out who’s affected, when HMRC can publish details and how disclosure can protect you.
Corporation Tax rates range from 19% to 25%, with marginal relief smoothing the gap between the thresholds. Is your company paying Corporation Tax at the right rate? We explain the thresholds, the 3/200 fraction and how associated companies affect your position.
International Payroll and Global Mobility Simplifying your taxesAs businesses become more international, payroll and...
UK employers can face PAYE and National Insurance duties when overseas staff working in the UK carry out short-term visits. Discover when obligations arise, which arrangements can help and how to keep your payroll compliant.
The Tax Diary July/August 2026 highlights essential tax deadlines, including corporation tax, PAYE, Class 1A NICs, and CIS returns, helping businesses stay compliant and avoid costly penalties.
Understanding national insurance for the self employed helps individuals manage contributions, plan finances, and maintain benefit eligibility. By reviewing obligations and considering voluntary payments, you can ensure long-term financial security.
Key tax dates for your June/July 2026 diary. Make a note and don’t miss your deadlines!
From April 2026, new PAYE rules will make recruitment agencies and end clients jointly responsible for payroll compliance when using umbrella companies. These changes increase risk across labour supply chains and require stronger due diligence.
From 2029, salary sacrifice for pensions will be capped at £2,000. Main allowances remain unchanged, and the Triple Lock stays in place.
There had been heated speculation that the Chancellor would change the pension rules to help
From April 2025, more employers can claim up to £10,500 in National Insurance relief through the expanded Employment Allowance.
Employers must act swiftly to meet the looming deadline for Class 1A NIC payments for the 2024–25 tax year. These contributions, which apply to most taxable employee benefits, are due by 19 July 2025 by post or 22 July 2025 if paying electronically.
Stay on top of your tax obligations with our Tax Diary July/August, detailing all important deadlines and due dates.
Employers must pay Class 1A NICs for 2024-25 benefits by 19 July (post) or 22 July (electronic). These apply to perks like company cars and private health cover late payment risks penalties from HMRC.
Employers must pay Class 1A NICs on 2024-25 benefits by 19 July (22 July if paying electronically). Avoid penalties by meeting deadlines and using correct references.
1 June 2025 – Due date for corporation tax due for the year ended 31 August 2024.
19 June 2025 – PAYE and NIC deductions due for month ended 5 June 2025. (If you pay your tax electronically the due date is 22 June 2025).
19 June 2025 – Filing
A reminder that increases to the rate of National Insurance contributions (NICs) that are paid by employers came into effect on 6 April 2025. The main rate of secondary Class 1 NICs has increased to 15% (from 13.8%).
Self-employed individuals earning £12,570 or more annually must pay Class 4 National Insurance Contributions (NICs). For 2024-25, rates are 6% on profits up to £50,270 and 2% above this.
From 6 April 2025, employers will face a 1.2% rise in National Insurance contributions, alongside a lower NICs threshold. However, an increased Employment Allowance aims to ease the burden for small businesses.
Employers can voluntarily register to report and account for tax on certain benefits and expenses via the RTI system before the start of the tax year.