From April 2026, reporting and paying Income Tax and Class 1A NICs on benefits-in-kind will be mandatory through payroll software.
A director can decide how much and by what means they extract the profit from their business by balancing salary and dividends.
Read our summary of the Spring Budget 2024, with changes to National Insurance, Child Benefit and second homes…
Read our summary of some of the key changes that will affect charities and civil society organisations in the 2023 Autumn Statement.
As a result of ‘administrative discrepancies’ by the Department of Work and Pensions (DWP), mothers may have been underpaid around £1bn in state pension. This has occurred due to information missing from the national insurance (NI) records.
