by Cristina Conea | Nov 5, 2023 | HMRC, NICs
Tax advice error could impact your State Pension Group income protection policies taken out through employer salary sacrifice schemes have been wrongly treated for tax thanks to incorrect advice given by HMRC to the Association of British Insurers back in October...
by Cristina Conea | Jul 8, 2023 | Apple Wallet, NICs
Do you struggle to remember – or find – your National Insurance number when you’re asked for it? If so, you’re not alone. So, it will be a relief to many that HMRC has now created a way for iPhones to store someone’s National Insurance...
by Cristina Conea | Jul 8, 2023 | NICs, P11D, PAYE, Payroll
P11D and P11D(b) forms from April 6, 2023, now need to be filed online by July 6 following a rule change from HMRC. If employers need to make amendments to any returns that have already been filed, these should also be made online through a new form via the expenses...
by Cristina Conea | Jun 5, 2023 | NICs, Pension
Anyone with an incomplete National Insurance contributions (NICs) record between April 2006 and April 2016 now has until July 31 to add to their NICs to qualify for a full State Pension after HMRC extended the deadline. Thousands of taxpayers have incomplete years in...
by Cristina Conea | Nov 5, 2022 | HMRC, Inflation, IR35, NICs, Tax
The majority of measures in former Chancellor Kwasi Kwarteng’s mini-Budget have been scrapped after new Chancellor Jeremy Hunt tried to settle markets and politicians across the House of Commons with an Emergency Statement on October 17. Gone is the...
by Cristina Conea | Oct 2, 2022 | NICs, Tax
New chancellor Kwasi Kwarteng delivered his first mini-Budget, officially labelled ‘The Growth Plan 2022’, on September 23, and while it largely consisted of tax giveaways, it was not well received by markets. The FTSE 100 fell sharply on the day from...
