🚨Important Business Tax Changes Coming in April 2025! 🚨

📈 Employer NICs Increasing

From 6 April 2025, the Employer National Insurance Contribution rate will rise from 13.8% to 15%. Plus, the threshold at which employers start paying NICs will drop from £9,100 to £5,000, meaning higher payroll costs for businesses.

💰 Employment Allowance Boost

The Employment Allowance will increase from £5,000 to £10,500, helping businesses offset these higher NIC

costs. Plus, the £100,000 eligibility cap is being removed, so more employers can benefit.

🏢 Corporation Tax Staying the Same

No changes here! ✅ The Corporation Tax rate remains at 25% for companies with profits over £250,000. Smaller businesses with profits under £50,000 will continue to pay 19%, and those in between will still get marginal relief.

📢 What This Means for You

🔹 Higher payroll costs for many businesses

🔹 Extra tax relief for small & medium-sized businesses

🔹 No new tax increases on business profits

💭 What do you think about these changes? Will they help or hurt your business? Drop your thoughts below! 👇