employment allowance Archives | Taxfile

Lowering the Secondary Threshold for Employer NI – What You Need to Know

Taxfile — Thu, 06 Mar 2025 12:13:48 +0000

From April 2025, the secondary threshold for employer National Insurance ('NI') will be lowered. This means that employers will need to start paying employer NI contributions on their employees' earnings sooner. In today's post we explain how this will affect employers, how much the employer NICs will increase, changes to the Employment Allowance, and more.

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Guide to the Employer Payment Summary (EPS) – for Limited Companies within the CIS

Taxfile — Wed, 13 Mar 2024 11:30:05 +0000

by Daniel at Taxfile.

Understanding the Employer Payment Summary (EPS) monthly claims for limited companies within the CIS

Limited company contractors operating within the Construction Industry Scheme (CIS) have distinct payroll obligations, including the submission of their Employer Payment Summary (EPS). In today's guide, we'll explain what the EPS is, its purpose, and the submission rules limited companies have to follow if they work within the Construction Industry Scheme.

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How do I pay myself as a Director?

Taxfile — Tue, 23 May 2023 15:19:05 +0000

This is a question we often face from new company directors, how to pay yourself from the company. As part of our £375+VAT package for a new limited company we offer the following; company formation (including the option to have the company phrased as a special purpose vehicle for a property rental company) we will […]

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Taxfile’s Autumn Newsletter 2021

Mark — Thu, 30 Sep 2021 10:14:00 +0000

Welcome to Taxfile’s Autumn Newsletter for 2021. One of our biggest yet, it includes useful tax- and accountancy-related news that you need to be aware of, ways to save time or money – and much more. Take a look!

QR Codes

You’ll find QR codes throughout the newsletter. These are a quick and easy way to access further information about the topic. Assuming you are viewing the newsletter on a desktop device or a printed* version, simply point your mobile camera phone at a QR code and then open the link that pops up. Your mobile’s browser will then take you straight to the information page. Alternatively, we supply simple link URLs to simply tap in.

Download As an Acrobat PDF & Print Out

* If you're viewing on a small screen, it may be easier to read if you download the newsletter as an Acrobat PDF so you can print it out at full size (A4) ...

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PAYE, 2021/22 Tax Thresholds, Employment Allowance & P800s

Taxfile — Tue, 08 Jun 2021 15:48:22 +0000

My name is Daniel and I have been a part of the Taxfile family since 2007. It started as a part-time job doing bookkeeping, but as time went on, I developed new abilities and a deeper understanding of the tax world. PAYE, VAT, and Company Register are now my areas of expertise. I understand how […]

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‘Employment Allowance’ to save businesses up to £2k in NIC

Mark — Mon, 27 Jan 2014 10:26:39 +0000

In April 2014 the new ‘Employment Allowance’ will be introduced. This will cut up to £2k off the National Insurance costs incurred by businesses and save employers nearly £5.5 billion across the UK as a whole by the end of the Parliament. This equates to £200 per UK employee. These savings will also be helped […]

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