Request a Call Back
Please enter your name and phone number
Latest News
13/08/2019 - More...
Pension Wise is a free government...
When you can claim back VAT on purchase of a car
13/08/2019 - More...
There are complex VAT rules that...
Child Benefit charge if income exceeds £50,000
13/08/2019 - More...
The High Income Child Benefit charge...
Newsletter
With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!
»Sign up for the Newsletter
» Login
30/07/2019
The National Insurance Contributions (Termination Awards and Sporting Testimonials) Bill has received Royal Assent, to become the National Insurance Contributions (Termination Awards and Sporting Testimonials) Act 2019.
The Act aligns the employer NICs treatment of termination awards in excess of £30,000, received in connection with the termination of an individual’s employment, with the Income Tax treatment for such payments, by introducing a new 13.8% Class 1A employer NIC charge to any part of a termination award that is already Income Tax liable. Termination awards will remain exempt from employee NICs. The provisions are expected to take effect from 6 April 2020.
