Browse By Tags

On 22 September 2022 the Chancellor, Kwasi Kwarteng, announced the following changes: National Insurance rates to reduce by 1.25% effective from 6 November 2022. This is a reversal of the NI increase that took effect from 6 April 2022. The Health…

The Health and Social Care (HSC) levy is a new and additional type of personal income tax. The main way it’s funded is from earnings, this will be deducted via PAYE in the case of full-time employees. The HSC levy is a new and permanent tax intended…

What is the Health and Social Care Levy? The Health and Social Care (HSC) levy is a new and additional type of personal income tax. The main way it’s funded is from earnings, this will be deducted via PAYE in the case of full-time employees. The HSC…

What are the changes? From April 2022, national insurance contributions (NICs) are increasing by 1.25% for one year only for employees, employers and the self-employed. From April 2023, NI returns to the current rate and HMRC will collect the extra…