The Inland Revenue is drawing our attention to its online PAYE service.
And they have also issued information about the forthcoming rise in National Insurance Contributions, and their likely impact.
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One Response
NI/tax and pensions
The Labour Party promised not to raise taxes, but to everyone who’ll see emptier pay packets an increase in National Insurance is a tax rise. If the government had sought to increase revenue by increasing Income Tax rather than NI it would have provided a minor additional insentive for employers and employees to invest in pensions, as they would get additional tax relief on pension contributions.