In conversation with Mr Spock

In conversation with Mr Spock

Faced with a Gaseous Anomaly, or the unexpected appearance of an Interspatial Rift, Mr Spock would often advise that he had insufficient data on which to draw any conclusions, prompting Captain Kirk to ask him to speculate. Mr Spock would then lift one eyebrow before...

More about the NIC increases

I’ve heard it pointed out several times over the last two days that NIC “isn’t a tax”. Whatever was intended when it was introduced, it’s now levied on broadly the same earnings in broadly the same way to pay for broadly the same things. Members of the tax profession...
Increases in NIC rates announced

Increases in NIC rates announced

As widely predicted over the weekend, the Prime Minister is going ahead with his plan to raise NIC to improve funding for Social Care. As you will have seen this amounts to an increase of 1.25% and will apply to BOTH employee and employer NIC effective April 2022 –...
Scottish personal tax rates explored

Scottish personal tax rates explored

Who’d have guessed I lived in a tax haven? I’m no expert on Scottish politics, but it seems some commentators are suggesting the SNP coalition with the Greens may lead to higher taxes. This is maybe a good point to remind us all that the combined effect of income tax...
Scotland’s even stranger un-progressive personal tax bands

Scotland’s even stranger un-progressive personal tax bands

A couple of weeks ago we looked at the UK’s decidedly un-progressive payroll tax rates. I said “don’t get me started on Scotland”, but hey, as it’s Hogmanay… The graph below shows the combined employer and employee tax and NIC rates for Scottish residents. If you...
The UK’s strangely un-progressive personal tax bands

The UK’s strangely un-progressive personal tax bands

What’s the basic rate of tax in the UK? 20%, with the rate rising progressively for higher earners? Is there anybody left who’s taken in by this? If you earn £20,000 pa in the UK the total in payroll taxes for each extra pound you receive is 32% plus 13.8% paid...