Tags: National insurance

Poll: Is the Chancellor’s ‘steady as she goes’ budget a good or a bad one for HR departments?

The Chancellor’s Budget yesterday managed to steer clear of any drama that may imperil the Prime Minister or the upcoming EU referendum. However, there were some morsels in the Chancellor’s speech that were of interest to HR departments. From changes to national insurance contributions to encouraging ‘younger savers’ and rate relief for UK PLCs, there were…

CIPD reacts to Chancellor’s Autumn Statement

CIPD warns that increases in productivity required to drive real wage growth will take longer to arrive than expected. But this could also mean it takes longer for interest rates to start rising. Commenting on the Chancellor of the Exchequer’s Autumn Statement and the accompanying economic forecast from the independent Office for Budget Responsibility, CIPD…

2.5 million employers to benefit from Employment Allowance

The Budget saw the Chancellor announce that an Employment Allowance of £2,000 a year towards employer National Insurance contributions would be introduced in a move to boost jobs. George Osborne explained that the Government was taking tax off jobs, which is a measure that is likely to help small businesses who want to hire their…

Public sector tax avoidance is ”shocking”

Over 2,000 central government employees are currently benefiting from off-payroll arrangements – and this only includes civil servants so tax avoidance in the public sector must go much wider, the Public Accounts Committee has said. Looking at the use of personal service companies in the public sector, the committee was “shocked” after taking evidence from…

Tax reforms high on the agenda

The Government is continuing with its focus of reducing the deficit by announcing a range of tax reforms. After weeks of speculation, George Osborne has confirmed that the 50p additional tax rate will fall to 45p from April 2013. He also declared that the personal tax allowance will increase by a further £1,105 to £9,205…