Written Question·Treasury·UIN 13344
Employers' Contributions: Small Businesses
Tabled: 8 November 2024
Answered: 18 November 2024
Question
Edward Morello
Liberal Democrat — West Dorset
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of increases to the lower national insurance threshold for employer contributions on small seasonal businesses.
Answer
James MurrayThe government has protected the smallest businesses from the impact of the increase to employer’s National Insurance by increasing the Employment Allowance from £5,000 to £10,500. This means that 865,000 employers will pay no NICs at all next year. More ...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 13344) →