Main rate of National Insurance cut by 2p From 06 April 2024 the main rate of National Insurance for employees will be reduced by 2p, representing a reduction from 10% to 8%. This change will benefit the average employee by roughly £470 per year. Meanwhile, self-employed National Insurance…
Income tax bands frozen until April 2028 Income tax rates and personal allowances will remain at the same level until at least April 2028 as part of the fiscal drag, resulting in more workers falling into higher tax brackets as wages increase…
National Insurance U-Turn In April 2022 Class 1 National Insurance (NI) contributions increased by 1.25p in the pound, this has now been reversed by the Government from 6 November 2022. This may impact some of your clients who use Payroll, rest assured the QuickBooks product will automatically…
