Displaying 1-30 of 117 results
INSIGHTS VIEWPOINT
Budget: NIC saving on salary sacrifice pension contributions capped
- Nov 2025
- ICAEW Insights
At the Autumn Budget 2025, the government announced that employers and employees will be required to pay national insurance contributions (NIC) from April 2029 if the amount of salary sacrificed for pension contributions exceeds £2,000.
INSIGHTS VIEWPOINT
Public finances continue to disappoint ahead of the Budget
- Nov 2025
- ICAEW Insights
The cumulative budget overrun has widened from £7bn to £10bn in seven months, reveals latest data from the Office for National Statistics.
INSIGHTS VIEWPOINT
Tax return class 2 NIC issue is resolved, says HMRC
- Nov 2025
- ICAEW Insights
HMRC has confirmed that SA302 tax calculations for 2024/25 issued since 29 September 2025 will show the correct class 2 national insurance contributions (NIC). This follows a fix implemented by HMRC on 27 and 28 September 2025.
Tax news in brief 4 November 2025
- Nov 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 4 November 2025, including: improvements to HMRC’s MTD software choices tool; and new tax exemptions for compensation payments made to postmasters.
INSIGHTS VIEWPOINT
ECONOMIC UPDATE
NICs for LLPs: a policy that risks shrinking the tax base, not growing it
- Oct 2025
- Alan Vallance, Chief Executive, ICAEW
This week I wrote to the Chancellor of the Exchequer to express ICAEW’s concern about reports that the government may apply a charge equivalent to employer national insurance contributions (NICs) to members of limited liability partnerships (LLPs).
INSIGHTS VIEWPOINT
ICAEW calls for clarity on LLP NICs rumours
- Oct 2025
- ICAEW Insights
Recent newspaper reports suggest that the Chancellor is considering changing the treatment of LLPs for NICs purposes.
Exclusive
TAX FACULTY
NIC developments for internationally mobile employees
- Oct 2025
- Adelle Greenwood
- Taxline
Adelle Greenwood picks out the key points from long-awaited HMRC guidance on national insurance contributions (NIC) for internationally or globally mobile employees.
INSIGHTS VIEWPOINT
Government deficit hits £100bn in the first half of the financial year
- Oct 2025
- ICAEW Insights
Revisions and corrections help reduce the budget overrun to £7bn for the six months to September 2025, but the outlook remains bleak.
INSIGHTS VIEWPOINT
Student loan repayments and payrolled benefits
- Oct 2025
- ICAEW Insights
ICAEW is reminding taxpayers to complete a new box on their 2024/25 income tax self assessment (ITSA) tax return where their employment income includes payrolled benefits in kind (BIKs) and they make student loan repayments.
INSIGHTS VIEWPOINT
Public finances turn ugly just as Chancellor needs good news
- Sep 2025
- ICAEW Insights
Weaker receipts than expected combined with prior month corrections resulted in a £12bn year-to-date budget overrun in the August monthly public finances.
INSIGHTS VIEWPOINT
ICAEW CHART
Chart of the week: Employment costs
- Sep 2025
- ICAEW Insights
Our chart this week looks at how employment costs in June 2025 have risen by 4.8% compared with the same month last year, adding to the expense of doing business in the UK.
INSIGHTS VIEWPOINT
Little comfort for Chancellor as public finances stay in line
- Aug 2025
- ICAEW Insights
Borrowing to fund the deficit in the first four months of the financial year of £60bn was in line with expectations.
INSIGHTS VIEWPOINT
Connected companies and the employment allowance
- Aug 2025
- ICAEW Insights
Where two or more companies are connected, only one can claim the employment allowance, but determining if companies are connected can be complicated. ICAEW’s Tax Faculty explains how to apply the rules.
INSIGHTS VIEWPOINT
Update on UK-India social security agreement
- Jul 2025
- ICAEW Insights
The government has published details of the UK-India double contributions convention (DCC). The DCC aims to ensure that employees moving between the countries are only liable to pay social security contributions in one country at a time.
INSIGHTS VIEWPOINT
Single-director companies and the employment allowance
- Jul 2025
- ICAEW Insights
In the second of a series of articles, ICAEW’s Tax Faculty explains how to apply the restriction that prevents so-called “single-director companies" from claiming the national insurance employment allowance.
INSIGHTS VIEWPOINT
How to make the employment allowance work for you
- Jul 2025
- ICAEW Insights
ICAEW’s Tax Faculty explains how the employment allowance can reduce an employer’s liability to national insurance contributions (NIC) by up to £10,500 for 2025/26.
Tax news in brief 8 July 2025
- Jul 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 8 July 2025, including: an update on L-day; and a reminder not to miss the deadline for paying class 1A national insurance contributions (NIC) for 2024/25.
INSIGHTS VIEWPOINT
Paying voluntary national insurance contributions while living abroad
- Jul 2025
- ICAEW Insights
ICAEW’s Tax Faculty explains the circumstances in which former UK residents who have moved abroad may wish to consider paying voluntary UK national insurance contributions (NIC).
INSIGHTS VIEWPOINT
Warning: 31 July deadline for paying income tax and NIC
- Jun 2025
- ICAEW Insights
ICAEW’s Tax Faculty is reminding taxpayers to check if they need to make a second payment on account (POA) for 2024/25 by 31 July 2025, and if so, whether they can make a claim to reduce the amount due.
INSIGHTS VIEWPOINT
HMRC working on solution for class 2 NIC issue
- Jun 2025
- ICAEW Insights
HMRC has issued self assessment calculations for 2024/25 collecting class 2 national insurance contributions (NIC) in error. ICAEW’s Tax Faculty explains how the issue has arisen and the action that taxpayers and agents should take.
Tax news in brief 10 June 2025
- Jun 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 10 June 2025, including: an issue with tax calculations for 2024/25 and class 2 national insurance contributions (NIC); and new HMRC guidance and webinars.
INSIGHTS VIEWPOINT
Boost from April tax rises absorbed by higher spending
- May 2025
- ICAEW Insights
The provisional deficit for April 2025 of £20.2bn was £1.0bn higher than the same month last year as the rise in employer national insurance was not enough to fully offset increases in public spending and investment.
INSIGHTS VIEWPOINT
ECONOMIC UPDATE
How to grow: mitigating rising employment costs
- May 2025
- ICAEW Insights
Recent rises in employers’ National Insurance contributions and the national minimum wage have left businesses with very little room to pursue growth and innovation plans.
INSIGHTS VIEWPOINT
Upcoming July deadline for employment related securities returns
- May 2025
- ICAEW Insights
ICAEW reminds employers of the 6 July deadline for submitting employment related securities returns and explains the new process for making a joint election to transfer an employer’s national insurance contributions (NIC) liability to an employee.
COMMERCIAL PARTNERSHIPS
Employment law changes implemented in April 2025
- Apr 2025
- Mitigo
April 2025 brought significant changes to employment law. This article outlines key updates that employers need to understand to ensure compliance and efficient payroll management.
INSIGHTS VIEWPOINT
Public sector net debt more than £95,000 per household
- Apr 2025
- ICAEW Insights
The provisional deficit for the year to March 2025 of £152bn is £21bn more than in 2023/24, and £15bn more than was estimated by the OBR at the time of the Spring Statement 2025.
INSIGHTS VIEWPOINT
Security services businesses encouraged to check tax submissions
- Apr 2025
- ICAEW Insights
HMRC is asking businesses who provide security services to check that the correct amount of income tax and national insurance contributions (NICs) are being paid in respect of their workers.
Tax news in brief 9 April 2025
- Apr 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 9 April 2025, including: an update on legislation to enact changes announced at the Autumn Statement 2024; and new guidance for agents on Making Tax Digital (MTD) for income tax.
INSIGHTS VIEWPOINT
ECONOMIC UPDATE
Chancellor walks tightrope over uncertain landscape
- Mar 2025
- ICAEW Insights
Despite welcome improvements to the OBR forecast and positive noises on defence spending and capital investment in the Spring Statement, the economy remains on shaky ground.
INSIGHTS VIEWPOINT
MEMBER INSIGHTS
Member Insights: March 2025
- Mar 2025
- ICAEW Insights
Appetite for investment remains muted amid ongoing uncertainty at both national and international levels.
Displaying 1-30 of 117 results