Gary Hull employment solutions director PricewaterhouseCoopers LLP considers the employment tax aspects of the PBR and the implications for employers and their employees
National Insurance tax rates and thresholds
During 2008 it was announced that employer and employee rates of National Insurance contributions (NIC) would increase by 0.5% from April 2011. The Chancellor has now gone a step further and announced an additional 0.5% increase across the board. This means a 1% rise in the main employee and employer NIC rates from 2011.
The headline rates are now up to 2% for employees earning in excess of approximately £44 000 pa 12% for lower earners and 13.8% for employers (with some protection for employees...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Gary Hull employment solutions director PricewaterhouseCoopers LLP considers the employment tax aspects of the PBR and the implications for employers and their employees
National Insurance tax rates and thresholds
During 2008 it was announced that employer and employee rates of National Insurance contributions (NIC) would increase by 0.5% from April 2011. The Chancellor has now gone a step further and announced an additional 0.5% increase across the board. This means a 1% rise in the main employee and employer NIC rates from 2011.
The headline rates are now up to 2% for employees earning in excess of approximately £44 000 pa 12% for lower earners and 13.8% for employers (with some protection for employees...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
90a1d87b-c1b5-43c3-a720-cd324830adee.tmb-editorspic.jpg?sfvrsn=1b2d0a7e_1)
