Taxes and National Insurance levied on employment accounts for approaching half of all UK tax revenues. Taxing employment is huge business for the exchequer. The vast bulk of these taxes are self assessed by employers and collected on HMRCs behalf. Despite this we have some of the most complex rules in the world backed up with aggressive penalties for non compliance. Ignorance, we are told is not an excuse.
We have over 40 years combined experience advising in this space.
HRUX have a driven desire to deliver clear and independent advice to our clients. If you have any questions about the areas below, or concerns on your policy/ procedures in these areas, get in touch.
IR35 and the new regime from April 2021
Payment in Lieu Of Notice (PILONS)
Salary sacrifice and OpRA
Are you due an HRMC inspection visit?
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...
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 –...
The press love the phrase “post code lottery”. But did you know the tax individuals in the UK pay depends very much on what you are being taxed on and increasingly where you live? In the graphic below we look at the effective tax rate (combining employee income tax...