Higher-Rate Earners Hit By NICs Rise
Individuals set to benefit from an increase to the higher-rate threshold in 2019 will only see half of the tax reduction expected, as a result of a measure not mentioned in the Budget speech. In…
Treasury Eyes ‘Off-Payroll’ Crackdown
The Treasury is adding the finishing touches to revamped tax rules which in their current form are seen as enabling the self-employed to pay less in national insurance contributions, according to the BBC. Self-employed people…
Treasury Scraps Plans To Abolish Class 2 NICs
Class 2 national insurance contributions (NICs) will no longer be abolished in April 2019, the government has announced. The Treasury was originally set to scrap class 2 NICs, which are paid by self-employed people with…
Half Of Businesses Set To Grant Pay Rises
Half of businesses plan to give staff pay rises of more than 2% in the next year, according to joint research by the British Chambers of Commerce (BCC) and Indeed. In a survey of 1,020…