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...
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...
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...
As the festive season approaches, many employers will be planning how best to show appreciation for their staff after another year of hard work. Whether it’s a Christmas party, thoughtful gifts or seasonal bonuses, these gestures can significantly boost morale...
HMRC has published draft legislation aimed at tightening rules around umbrella companies in a bid to increase accountability, protect workers and ensure the correct tax is paid across the labour supply chain. Umbrella companies are often used by temporary or contract...
From the 2024-25 tax year, self-employed individuals with profits in excess of £6,725 no longer need to pay Class 2 NICs. Instead those taxpayers will receive a National Insurance credit to secure their access to contributory benefits such as the state pension....
