NICs Bill - as well as the Finance Act following the Emergency Budget
The Queen’s speech set the stage for a National Insurance Contributions Bill to be introduced in this current Parliament. The Bill is expected to confirm the measures outlined in the coalition agreement for increases to the rates of National Insurance Contributions (NICs) from April 2011. From various sources it appears that the Bill will increase rates of NICs from April 2011 and possibly make further changes that promote enterprise and fairness. It may also save anti-avoidance measures.
The NIC increase (1% on employees) is expected to raise £9 billion, which would finance an increase in the income tax personal allowance and an increase in the NICs threshold.
Date: 9th June, 2010
Articles from this Author
1st November, 2018
Budget 2018 - Changes for businesses
22nd October, 2018
Making the most out of your home? Rent a room relief
3rd May, 2018
Tax changes for non-resident corporate landlords
4th April, 2018
EMI options - a current risk
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Season’s Greetings and Happy New Year from everyone at Mercer & Hole pic.twitter.com/x4o1o9tbWP
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole