Payroll Advice

The recent UK Autumn Budget has introduced several changes to Employers’ National Insurance that will impact most businesses. What are the key changes? 1. Increase in Employment Allowance The Employment Allowance, which is a government initiative that allows businesses to reduce their employer’s National Insurance contribution, has been raised from £5,000 to £10,500. This is […]

Last month, the Prime Minister Boris Johnson announced an increase to national insurance rates to help raise an extra £12bn a year for health and social care. The announcement means that all rates of national insurance contributions (NIC) and income tax on dividends will increase by 1.25% from 6 April 2022. The announcement has many

Trivial Benefits There are benefits which an employer can provide to their employee’s tax free, which are known as trivial benefits. These do not require disclosure on P11D’s and will not attract the additional tax and national insurance which other benefits in kind do. For something to qualify as a trivial benefit it must meet