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Resources 

Provided useful resources access to HMRC and company forms.

Autumn Budget

Hammond heralds vision of an 'outward looking, free-trading nation'
Business tax and investment incentives
National insurance contributions (NICs)
National Minimum Wage and National Living Wage
Tax and travel
Income tax and personal savings
Capital taxes
Making Tax Digital
Value Added Tax (VAT)
Duties
Other measures announced
What they said
A political background to the Budget

National insurance contributions (NICs)

2018/19 Employee (Primary) Employer (Secondary)
Class 1
Payable on weekly earnings of
Below £116 (lower earnings limit) Nil -
£116 to £162 (primary threshold) *0% -
Up to £162 (secondary threshold) - Nil
Above £162 - 13.8%
£162.01 - £892 (upper earnings limit) **12% -
£162.01 - £892 (under 21s and apprentices under 25) - 0%
Above £892 **2% -

*No NICs are actually payable but a notional Class 1 NIC is deemed to have been paid; this protects contributory benefit entitlement.
**Over State Pension age, the employee contribution is generally nil.

Employment allowance up to £3,000 (per year)
Class 1A On relevant benefits 13.8%
Class 2 Self-employed £2.95 per week
Small profits threshold £6,205 per annum
Class 3 Voluntary £14.65 per week
Class 4 Self-employed on annual profits
£8,424 - £46,350 *9%
Excess over £46,350 *2%
*Exemption applies if State Pension age is reached by 6 April 2018.

In a change to the date originally announced, Class 2 NICs are set to be abolished from April 2019.

As previously announced, the government will no longer proceed with an increase to the main rate of Class 4 NICs from 9% to 10% in April 2018, and to 11% in April 2019.

As well as general accountancy and tax skills, we also have individual specialist skills which enable us to provide clients with a first class service as and when required. With our wealth of experience, we pride ourselves on delivering an unparalleled service to all clients, whatever their size or sector.

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