New National Insurance rate

Sep 10, 2021 | Business, Tax

To help pay for the NHS and social care from April 2022 1.25% will be added to all National Insurance rates – employee, employer and dividend tax. From  April 2023 this will show as a seperate item on your payslip or tax return.

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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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