Small Businesses: Employers' Contributions
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential economic impact of the increase in employers’ National Insurance Contributions on (a) fish and chip shops and (b) other small businesses.
Answered by James Murray
A Tax Information and Impact Note (TIIN) was published alongside the introduction of the Bill containing the changes to employer NICs. The TIIN sets out the impact of the policy on the exchequer, the economic impacts of the policy, and the impacts on individuals, businesses, and civil society organisations, as well as an overview of the equality impacts.
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