Tag Archives: National Insurance Contributions

  1. Tax on Trivial Benefits

    Giving your employees benefits and not sure if you have to pay tax on them? If the benefit meets ALL the following conditions then you do not have to pay tax: The benefit cost you £50 or less to provide The benefit is not cash or a cash voucher The benefit is not a reward…

  2. Can Employers Still Claim the Employment Allowance?

    In broad terms, the Employment Allowance (EA) is available to most employers and should enable them to reduce the amount of National Insurance Contributions (NICs) they have to pay by up to £3,000 per year. The eligibility rules changed from April 2016, and the Autumn Budget 2018 announced further changes expected to take effect from…

  3. Employees with Electric or Hybrid Cars?

    Legislation is to be introduced to exempt from income tax and National Insurance Contributions, any liability arising from the provision of charging facilities (including electricity) to employees recharging all-electric or plug-in hybrid vehicles at or near the workplace, where facilities are made available generally to the employer’s employees. It does not cover reimbursements for charging…

  4. Changes to the Collection of Class 2 NICs from 2015

    Following our policy of keeping you up-to-date with key HMRC news, we have information that there are changes to the collection of Class 2 National Insurance Contributions from the 2015/16 tax year.