Gaps in your national insurance (NI) record can reduce the amount of contributory benefits you are entitled to, including maternity pay, employment allowance and the state pension.
Where an individual is aware of missing years, for example, if they have been out of work, or out of the UK working abroad, they can make a voluntary payment of class 3 (or class 2 for self-employed taxpayers) to plug the gap.
Protection is available in the form of NI credits for people out of work for reasons such as childcare or caring responsibilities, illness, disability and many more.
Currently there is no VAT charged on Private School Fees.
However from the first of January 2025 the standard 20% VAT rate will be added to private school fees.
Any fees paid from 29 July 2024 relating to the term starting in January 2025 and onwards will also be subject to VAT.
We would like to give Sarah here in the office a big round of applause as she has now passed her final AAT Level 4 Exam, and therefore has now completed her AAT Qualification.
Brilliant work Sara!!
Glad to have you as part of our team.