Business
Corporation Tax
Tax paid by UK companies on their profits.
Employment
National Insurance
A system of contributions paid by workers and employers to fund state benefits and the NHS.
Example
- 1
Class 1 (employed), Class 2 (self-employed low earnings), Class 4 (self-employed main contributions).
Related terms
Allowances
Personal Allowance
The amount of income you can earn each year without paying income tax.
Self assessment
Self Assessment
A system where individuals report their income and pay any tax owed directly to HMRC.
Start your tax return
Let our experts help analyse your entire tax situation
From £99 + VAT. 37.5% + VAT of the tax relief we secure, minimum £99 + VAT. You only pay if we secure tax relief for you. Nothing to pay upfront.