Higher-rate earners hit by NICs rise

Individuals set to benefit from an increase to the higher-rate threshold in 2019 will only see half of the tax reduction expected, as a result of a measure not mentioned in the Budget speech. In Budget 2018, the Chancellor announced that the higher-rate income tax...

Treasury eyes ‘off-payroll’ crackdown

The Treasury is adding the finishing touches to revamped tax rules which in their current form are seen as enabling the self-employed to pay less in national insurance contributions, according to the BBC. Self-employed people who set up private companies to take on...

Half of businesses set to grant pay rises

Half of businesses plan to give staff pay rises of more than 2% in the next year, according to joint research by the British Chambers of Commerce (BCC) and Indeed. In a survey of 1,020 businesses, 50% of businesses said they planned to increase staff pay in line with...