Written Question·Treasury·UIN 16322

Employers Contributions

Tabled: 26 November 2024

Answered: 29 November 2024

Named Day

Question

Neil O'Brien

Conservative — Harborough, Oadby and Wigston

To ask the Chancellor of the Exchequer, with reference to paragraph 2.41 of the Autumn Budget, published on 24 October 2024, what estimate he has made of the potential cost to the public purse of the increase in the employment allowance in each year of th

Answer

James Murray

The Government has protected the smallest businesses from the impact of the increase to Employer National Insurance by increasing the Employment Allowance from £5,000 to £10,500, which means that 865,000 employers will pay no NICs at all next year, more t...

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