edders23 wrote:
so reducing the threshold for employers and upping it to 15 % that means a massive hit for many businesses.
I wonder if quite a number of businesses will start looking at the self employment route for their workforce
And shes putting income tax thresholds up but not until 2028
Don't forget that most employers qualify for employment allowance which means that employers don't pay the first £5000 of class 1 employers national insurance contribution and that this has been more than doubled in the budget so you need to have quite a few employees earning quite a bit before any class 1 employer contributions are payable.
The lowering of the threshold for employer contribution going down to £5000 will be more of a concern.