The employment allowance remains at £4,000 meaning small businesses only pay Employers NI after this point. It is worth noting that the threshold at which Employers NI is due is lower than the employees NI threshold of £9,568 at £8,840.
See what else by reading on below...
The VAT threshold will continue at £85,000 and the lower rate on hospitality will continue at 5% to 30 September and then be subject to an interim rate of 12.5% until 31 March 2022.
Care will be needed on using software for VAT returns with Vat quarters that do not coincide with these dates
Say it as it is and you'll never be misunderstood. Here in the Blog you'll see news posts on many topics of interest to your and your business...
Telephone: 07980 270610