HMRC employment allowance

HMRC has announced that employers can decrease the NICs they pay for their workers. From the beginning of the new tax year, 6th April 2014, employers will be able to claim Employment Allowance. Employment Allowance can save employers up to £2000 on National Insurance Contributions. In addition, those employers that pay less than £2000 per…

What is IR35?

IR35 refers to The Intermediaries legislation which was introduced in 2000. The purpose of IR35 is to help combat the avoidance of income tax and National Insurance payments for individuals using Personal Service Companies (PSCs). Individuals working through such intermediaries would otherwise have been regarded as employees of the client, with regards to tax and…