National Insurance

Sep 4, 2020 | Business, Tax, Uncategorized

If you are paying low amounts of National Insurance to save PAYE, please go to the HMRC website and use your National Insurance number to check your lifetime contributions, to see if you should voluntarily add to them to receive full benefits when you are older.

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The latest news from PMC Partnership incorporating Pomfreys Accountants – 8th August 2025

Regarding electric vehicles & tax allowances, if used for business, both self employed and Limited company businesses benefit from 100% first year capital allowances to help with their tax liability. This reduces to 18% of the cost price per year for used electric vehicles. Also you can claim 100% of the VAT for electric cars if used solely for business, when usually this is restricted to 50% for non electric cars.

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