CBI calls for cut in national insurance contributions
The CBI has called on the government to raise the threshold for employee NICs; this could provide an extra £180 p.a. per employee.
This is one of a list of recommendations proposed in the CBI’s new report A Better-Off Britain.
The CBI believes a cut in NICs would give immediate help to those on the lowest incomes and recommends the threshold be raised to £10,500, the planned level of the income tax personal allowance in 2015-16. For the longer term, the report recommends also reducing employer NICs to provide scope for job creation and pay rises.
Date: 12th December, 2014
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Lisa Spearman, Private Client Partner advises on 'Tales of the unexpected : UK tax where you didn’t think you would… twitter.com/i/web/status/1…
Observations on the government consultation response of 26 August 2018 by Chris Laughton, a corporate advisory part… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole