National Insurance Articles

Voluntary National Insurance contributions could be reformed

Voluntary National Insurance contributions could be reformed Voluntary National Insurance contributions could be reformed, as the government considers changes to the current system. This follows a call for evidence that the government published earlier this year. As a result, anyone who relies on voluntary NICs should watch for updates.   What are voluntary NICs? Voluntary NICs let people...

Making the most of the Employment Allowance

Making the most of the Employment Allowance The Employment Allowance helps eligible employers cut their National Insurance costs. Indeed, it can save up to £10,500 each tax year. The allowance reduces an employer's Class 1 National Insurance liability. Moreover, payroll applies it automatically once you make a valid claim.   Who can claim Most businesses can claim this allowance. However,...

Don’t forget to pay your Class 1A NICs

What are Class 1A NICs? Firstly, Class 1A National Insurance contributions (NICs) apply to most taxable benefits in kind. Employers pay them on perks provided to employees, directors, and their family or household members. Common examples include: Company cars and fuel Private medical insurance Gym memberships and other employment-related benefits Moreover, Class 1A NICs also cover the taxable...

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
Load More

Need National Insurance Advice?

Our experts are on hand to discuss your specific needs or concerns