UK self assessment tax return : What are the Possible changes to Tax and National Insurance?
In the earlier blog, we hope you have enjoyed our beginner guides for self-assessment tax returns . In this blog More Group has provides some best possible changes to Tax and National Insurance. Please, go down and enjoy our blog! Traditionally National Insurance in the UK was a contributory form of cover against sickness and unemployment, and ultimately provided retirement pensions and further benefits. National Insurance has been subject to various amendments and improvements over the years since it was first introduced in the late 1940s by the UK government. The purpose of NI is to contribute towards your state pension. According to the UK government , you will begin to pay towards your National Insurance if you are 16 years old or over, an employee earning above £162 a week or self-employed and making a profit of £6,205 or more a year. Data shows that a large number of self-employed are women; this change will mean leaving them in a vulnerable position. Recen