Chancellor set to hike employers National Insurance at Budget
Source: BBC
The chancellor is set to increase the amount employers in the UK pay in National Insurance to raise £20bn for public services at the Budget.Rachel Reeves is also expected to lower the threshold for when employers start paying the tax, but is not likely to introduce the levy to employer pensions contributions.Currently, employers pay national insurance of 13.8% on a worker's earnings above £175 per week.The move…
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