Resource Centre

Business Support

Autumn Budget 2017

On Wednesday 22nd November, Philip Hammond presented his budget statement. We have prepared a summary to outline the issues that are most likely to be of interest to you. 

National Insurance

National insurance contributions (NICs) are essentially a tax on earned income. The NICs regime divides income into different classes: Class 1 contributions are payable on earnings from employment, while the profits of the self-employed are liable to Class 2 and 4 contributions.

Seed Enterprise Investment Scheme

The Seed Enterprise Investment Scheme (SEIS) provides tax relief for individuals prepared to invest in new and growing companies. It is the junior version of the Enterprise Investment Scheme (EIS). Investors can obtain generous income tax and capital gains tax (CGT) breaks for their investment and companies can use the relief to attract additional investment to develop their business.

Payroll Real Time Information

We set out below details of how payroll information has to be submitted to HMRC under Real Time Information (RTI).

Occupational Pension Schemes Trustees Responsibilities

Many employers offer their staff an opportunity to save for their retirement through an occupational (or company) pension scheme.

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