NIC rate cuts for self-employed and employees

National insurance contributions (NIC) will be reduced to 8% for the self-employed and to 10% for employees, and the flat rate class 2 NIC will be abolished for most self-employed, the chancellor has announced. Numerous changes to NIC rates were revealed in the Autumn Statement 2023. Self-employed NIC – classes 2 and 4 From 6 April […]

VAT zero rate for energy saving materials extended to NI

Further to the ratification of the Windsor Framework, the zero rate for the installation of energy saving materials announced at Spring Statement 2022 will be extended to Northern Ireland from 1 May 2023. Businesses that provide and install certain energy saving materials (ESMs) in Northern Ireland will be able to apply the zero rate of […]

Top instant-access savings rate vanishes before new customers can grab it

Coventry Building Society’s Limited Access savings account closed to new customers just hours before its rate was due to increase to a market-leading 3.25% AER. The provider told us this came after weeks of strong demand, following news last month that it would increase the then rate of 2.85% AER by 0.4% on 6 January. […]