December is one of the busiest times of the year for payroll teams. Alongside the celebrations, employers often face a flurry of seasonal pressures, extra staff, early pay dates, bonuses, gifts and multiple bank holidays. Without planning, even small slip-ups can lead...
Accountancy and business advisors Whitley Stimpson has appointed Mike Shearan as senior tax manager, bringing nearly three decades of specialist tax experience to the firm’s clients. Mike joins from James Cowper Kreston where he was senior tax manager and prior to...
Business Corporation Tax The government has confirmed that the rates of Corporation Tax will remain unchanged, which means that, from April 2026, the rate will stay at 25% for companies with profits over £250,000. The 19% small profits rate will be payable by...
Employment National Insurance contributions Employees For 2025/26 the rates of Class 1 employee NICs are 8% and 2%. The employer rate is 15%. The Secondary Threshold is the point at which employers become liable to pay NICs on an individual employee’s earnings and is...
Personal Tax Tax bands and rates The basic rate band remains at £37,700, with the higher rate threshold remaining at £50,270. The additional rate threshold remains at £125,140. The freeze of these thresholds will continue until April 2031. The NICs Primary Threshold...
Introduction Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds...
