Cox Costello & Horne publish industry news and business news to keep our customers informed of new business and tax regulations
National Insurance and Dividend Increase
National Insurance is a tax that funds services including the NHS, maternity, sick and bereavement pay, and the state pension. It is paid by those who are earning, and people stop paying when they reach the state retirement age. The amount paid depends on what people earn. This is planned to increase in 2022/23 by 1.25%