Written Question·Department for Business and Trade·UIN 20847
Small Businesses: Employers' Contributions
Tabled: 17 December 2024
Answered: 24 December 2024
Question
Luke Taylor
Liberal Democrat — Sutton and Cheam
To ask the Secretary of State for Business and Trade, if he will make an assessment of the potential impact of changes to employer National Insurance contributions on trends in the level of growth of small and medium-sized businesses.
Answer
Justin MaddersThe Government has protected the smallest businesses and charities from the impact of the increase to Employer National Insurance by increasing the Employment Allowance from £5,000 to £10,500 meaning, that 865,000 employers will pay no NICs at all next ye...
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