A company director pays himself £624 in month 1 of the tax year under PAYE. In month two he pays himself £11,144.00.
The government has delayed a consultation on options to integrate the operation of income tax and National Insurance Contributions (NICs).
My sister has two part time jobs, one earning around £3,000 pa and the other earning around £4,000 pa.
I have 2 clients who I have noticed are not paying any Class 2 NI yet their earnings are well above the £5,315 threshold.
A client has asked me to answer a query regarding their wife's payslip.
Will somone explain exactly how the amount to make up a gap in National Insurance contributions (NICs) is calculated in general, please?
Employee (director) moving temporarily to Israel, but continuing to work for UK employer (ltd).
They will be living on one side of the Green-line, and working on the other.
A training provider will appeal against an upper tier tribunal ruling about travel expenses and tax relief. Nick Huber reports.
If an employee (not a director) earns e.g. £50,000 in one month his national insurance would be partly at 12% and partly at 2%.