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Featured Articles
Latest Guidance
Employment_tax_img
Employment Tax

IntroductionThe employment allowance is available to most employers, reducing their liability to secondary Class 1 National Insurance contributions (NICs). It is a flat...

Employment_tax_img7
Employment Tax

There are three classes of NIC relevant to employment income: Class 1, Class 1A and Class 1B.Class 1 NICA primary Class 1 liability arises on employees unless they...

Employment_tax_img8
Employment Tax

BackgroundUntil 11 May 1977 a married woman or a widow could elect not to pay full rate National Insurance contributions (NIC) and, instead pay a small contribution which...

Employment_tax_img4
Employment Tax

Although it does not happen too often, there can be cases where an individual treated as an employed earner is actually self-employed, but there is a greater number of...

Employment_tax_img2
Employment Tax

BackgroundWhen applying the usual status tests to individuals, the tax and NIC position will generally be the same. However, there are certain individuals who, because of...

Employment_tax_img2
Employment Tax

Employed or self-employed?As is the case with income tax, it is not a matter of choice whether an individual is employed or self-employed for NIC purposes. The...

Employment_tax_img4
Employment Tax

IntroductionShare Incentive Plans (SIPs), originally known as ‘All Employee Share Ownership Plans’, were introduced at the same time as EMI. Since their introduction, the...

Corporation_tax_img2
Corporation Tax

What is structures and buildings allowance?From 29 October 2018, expenditure on constructing a commercial building or structure, or in certain cases, expenditure on...

OMB_tax_img9
Owner-Managed Businesses

The corporate intangibles tax rules contain a wide rollover relief for dealing with gains on realisations of intangible fixed assets (IFAs). The rules broadly follow the...

OMB_tax_img2
Owner-Managed Businesses

Non-trade intangiblesDebits arising in the accounts of the company in relation to intangible assets are, as a basic rule, treated as being allowable debits in the period...

Latest Guidance
Employment_tax_img
Employment Tax

IntroductionThe employment allowance is available to most employers, reducing their liability to secondary Class 1 National Insurance contributions (NICs). It is a flat...

Employment_tax_img7
Employment Tax

There are three classes of NIC relevant to employment income: Class 1, Class 1A and Class 1B.Class 1 NICA primary Class 1 liability arises on employees unless they...

Employment_tax_img8
Employment Tax

BackgroundUntil 11 May 1977 a married woman or a widow could elect not to pay full rate National Insurance contributions (NIC) and, instead pay a small contribution which...

Employment_tax_img4
Employment Tax

Although it does not happen too often, there can be cases where an individual treated as an employed earner is actually self-employed, but there is a greater number of...

Employment_tax_img2
Employment Tax

BackgroundWhen applying the usual status tests to individuals, the tax and NIC position will generally be the same. However, there are certain individuals who, because of...

Employment_tax_img2
Employment Tax

Employed or self-employed?As is the case with income tax, it is not a matter of choice whether an individual is employed or self-employed for NIC purposes. The...

Employment_tax_img4
Employment Tax

IntroductionShare Incentive Plans (SIPs), originally known as ‘All Employee Share Ownership Plans’, were introduced at the same time as EMI. Since their introduction, the...

Corporation_tax_img2
Corporation Tax

What is structures and buildings allowance?From 29 October 2018, expenditure on constructing a commercial building or structure, or in certain cases, expenditure on...

OMB_tax_img9
Owner Managed Business

The corporate intangibles tax rules contain a wide rollover relief for dealing with gains on realisations of intangible fixed assets (IFAs). The rules broadly follow the...

OMB_tax_img2
Owner Managed Business

Non-trade intangiblesDebits arising in the accounts of the company in relation to intangible assets are, as a basic rule, treated as being allowable debits in the period...