Tag: NIC
Following the changes to employers National Insurance Contributions, the government have estimated that the change has resulted in an additional £28 billion being collected in tax.
NIC Thresholds and Definitions
Written by Tony Shackleford on .
Lower earnings level
This is the point at which employees are credited with their ‘Stamp’ – effectively paying employees NIC at 0%.
The threshold for 2025/26 is £542 per month or...
lower earnings limit, NIC, NIC desription, NIC thresholds, primary threshold, Secondary threshold
Chancellors Mini Budget
Written by Tony Shackleford on .
In today’s announcement by the Chancellor, the increase in NIC rates, which came into effect on 6 April 2022, is going to be cancelled from 6 November 2022
Additionally the increase of 1.25%...
National Insurance Changes
Written by Tony Shackleford on .
The Chancellor’s Spring Statement announced a significant change to the charging of employees National Insurance Cotnributions (NIC). The change takes place in July 2022 and it aligns the nil...