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Eight things we have learnt from the Spring Statement

Eight things we have learnt from the Spring Statement

by VelocityAS | Mar 25, 2022 | Employment, income, National Insurance, PAYE, Spring Statement, Tax, Tax Relief

The Chancellor, Rishi Sunak’s, Spring Statement provided much anticipation especially against the rising cost of living and the shock of the Ukraine War. In the House of Commons, The Chancellor shared that the invasion of Ukraine by Russia was causing a lot of...
NI to increase by 1.25% from April to fund the Health and Care Levy – what you can do about it

NI to increase by 1.25% from April to fund the Health and Care Levy – what you can do about it

by VelocityAS | Mar 1, 2022 | Company Car, Employment, Finance, income, National Insurance, Tax, VAT

The Government is set to increase National Insurance Contributions (NICs) by 1.25% from April to fund the Health and Social Care Levy, and while this may be a laudable aim, it is going to hit all of us in the pocket. Costly increase when finances are being squeezed...
National Insurance rises and the Health and Social Care Levy

National Insurance rises and the Health and Social Care Levy

by VelocityAS | Oct 1, 2021 | National Insurance, Tax

On 8 September 2021, the Prime Minister outlined the Government’s plans for health and social care, including a new funding strategy designed to meet social care costs. A new tax, the Health and Social Care Levy, is to be introduced from 2023. However, as a temporary...

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