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National Insurance contribution levels change in July

National Insurance contribution levels change in July

by VelocityAS | Jul 1, 2022 | Employment, National Insurance, Tax

The changes in National Insurance contribution (NICs) levels are coming into force at the beginning of July. It will mean that 30m people should save around £330 each, according to the Government. The amount you can earn before you start paying NICs will increase from...
Bank of England (BoE) base rate rises to 0.75% – what it means for consumers and businesses

Bank of England (BoE) base rate rises to 0.75% – what it means for consumers and businesses

by VelocityAS | Apr 1, 2022 | Business, Finance, income, Spring Statement

The Bank of England (BoE) base rate rose to 0.75% in March in response to Consumer Prices Index (CPI) inflation rising to 5.5% – almost triple the BoE’s target of 2%. Inflation is set to continue rising throughout the year (see Spring Statement round-up) with...

Recent Posts

  • Make sure your business is ready for MTD
  • Super deduction, can your business claim?
  • Claiming everything you are entitled to from the taxman?
  • National Insurance contribution levels change in July
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