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Tag Archives: NIC

Will production companies suffer from NIC burden

Some accountants are concerned that changes to the National Insurance contributions levied TV production companies could leave them facing a financial burden.

HMRC wants more firms to benefit from NIC holiday

Accountants may be interested to learn that HMRC is sending letters to new businesses to encourage them to take advantage of the Employers National Insurance holiday scheme.

Why are firms reluctant to take up the NIC holiday scheme?

Accountants may not be the only people to wonder why more businesses aren’t taking advantage of the National Insurance holiday scheme. Although take up has improved slightly, it is still way below the original estimate from HM Treasury.

City workers contribute £11 bn in NICs and income tax

We hear a lot about the huge bonus payments made to workers in the City but accountants in London may be interested to discover that workers in the City pay the same in taxes as the whole population of Scotland.

Why should self-employed accountants pay more tax?

Bill Dodwell, a tax partner from Big Four firm Deloitte, has claimed that self-employed people will lose out if the proposals from the Office of Tax Simplification are implemented.

Income tax and NICs will not be merged in this parliament

Bill Dodwell, one of the tax partner’s at Deloitte, has said it is inconceivable for National Insurance and income tax to be merged during the current parliament.