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  1. Jan 22, 2024 · Get ready for changes to UK company law. The Economic Crime and Corporate Transparency Act became law in October 2023. Since then, we’ve been getting ready to introduce the measures brought in...

    • Employee National Insurance rates
    • Employer National Insurance rates
    • Class 1A and Class 1B rates

    Example

    If you’re in category A and you earn £1,000 in a week you’ll pay: nothing on the first £242 10% (£72.50) on your earnings between £242.01 and £967 2% (£0.66) on the remaining earnings above £967 This means your National Insurance payment will be £73.16 for the week.

    This table shows how much employers pay towards employees’ National Insurance from 6 April 2023 to 5 April 2024.

    HM Revenue and Customs (HMRC) has full rates and thresholds for tax years:

    •2023 to 2024

    •2022 to 2023

    •2021 to 2022

    •2020 to 2021

    Employers pay Class 1A and 1B National Insurance on expenses and benefits they give to their employees. The rate from 6 April 2023 to 5 April 2024 on expenses and benefits is 13.8%.

    They must also pay Class 1A on some other lump sum payments, for example redundancy payments. HMRC has detailed guidance on all Class 1A and Class 1B rates.

  2. Jul 23, 2024 · Employers must pay secondary Class 1 National Insurance contributions on their employees’ wages and directors’ salaries. The current rate is 13.8% on earnings above the secondary threshold of £175 a week (£758 a month, £9,100 a year).

    • Ciara Conway
    • 13 min
  3. Mar 9, 2024 · The obligation to pay National Insurance contributions (NIC) extends to employers, company directors, and self-employed individuals. You must pay National Insurance if you're 16 years and above and. You're earning over £242 per week. Self-employed earning profit above £12,570 yearly.

  4. Oct 26, 2023 · Louise Smyth - Chief Executive and Registrar of Companies, 26 October 2023 - Changes to UK company law, Companies House transformation. The Economic Crime and Corporate Transparency Bill has...

  5. Changes to legislation: Companies Act 2006, SCHEDULE 1C is up to date with all changes known to be in force on or before 25 September 2024. There are changes that may be brought into force at a...

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  7. The majority of NICs revenue – an estimated 63% in 2023–24 – comes from employer contributions. In the same year, employee contributions provided a further 35%. Contributions made by the self-employed are a relatively small source of revenue, accounting for less than 3% of contributions.

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