Written Question·Treasury·UIN 34565

Employers' Contributions: Small Businesses

Tabled: 27 February 2025

Answered: 7 March 2025

Question

Cameron Thomas

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of lowering the National Insurance contribution threshold to £5,000 on small businesses that employ part time employees.

Answer

James Murray

The Government has taken a number of difficult but necessary decisions on tax, welfare, and spending to fix the public finances.One of the toughest decisions we took was to raise the rate of employer National Insurance contributions (NICs) from 13.8% to 1...

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