Key Tax Deadlines - September & October 2024
30 Aug, 2024
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From 6 January 2024, the main rate of Class 1 employee NICs has been cut from 12% to 10%.Acc...
From 6 January 2024, the main rate of Class 1 employee NICs has been cut from 12% to 10%.
According to the government, this will provide a tax cut for 27 million working people in the public and private sectors, with the average worker earning £35,400 a year receiving a tax cut in 2024/25 of £450.
The Chancellor announced the changes in his 2023 Autumn Statement.
Download our full summary of the Chancellor’s 2023 Autumn Statement here for a detailed overview.