Taxes risk jobs

Posted on 18 Feb 2015
Share Blog Post
Hiking jobs tax will hamper recovery, say small firms The Federation of Small Businesses (FSB) has warned that an increase in employer national insurance contributions (NICs) to pay for long-term reform to social care will halt the recovery of small firms before it’s even started. National Chair of the FSB Mike Cherry said: “After the huge amount of damage wrought to businesses over the last 16 months, the Government cannot be serious about a strong economic recovery if it thinks hiking the jobs tax is a good idea. It is astonishing that just 24 hours after many businesses were able to re-open, ministers think now is a good time to land small firms with this bombshell.” Meanwhile, Business Secretary Kwasi Kwarteng has questioned whether the Government should be raising NICs, telling Sky News that although huge amounts of money have been spent coping with the pandemic, a pledge not to raise income tax, national insurance or VAT during this parliament was a Conservative Party manifesto commitment.

View more blog posts

IR35 holds back economy
Posted on 15 Apr 2024
IR35 holds back economy
read more
HMRC struggling to cope
Posted on 08 Apr 2024
HMRC struggling to cope
read more
HMRC to close phone lines
Posted on 25 Mar 2024
HMRC to close phone lines
read more
More people in higher rate tax
Posted on 18 Mar 2024
More people in higher rate tax
read more
Back To Top
01604 660661