Benefits-in-Kind (BiK)

Benefits-in-Kind (BiK)

What Are Tax Efficient Benefits-in-Kind (BiK)? Now the P11d process is fresh in everyone’s mind it is worth considering a few tax efficient BiKs.   Fully Electric Company Cars The tax position for directors and employees provided with fully electric company cars,...
National Insurance Changes

National Insurance Changes

Who Pays National Insurance? National Insurance (NI) is paid by employees, employers and the self-employed: Employees pay NI on their wages Employers also pay extra NI contributions for staff The self-employed pay NI on their profits What Is The Cut That Took Place On...
Salary Vs Dividends As A Contractor In 2021

Salary Vs Dividends As A Contractor In 2021

If you’re on this page, you may be wondering if you should be taking most of your income from salary or dividends… It’s difficult to have a one size fits all approach to setting a tax efficient salary for a contractor. Especially, as there are other factors that can...