Market leading insight for tax experts
View online issue

Impact for employers of Budget tax changes

Speed read

Employers' NICs will rise by 1% in April 2011. Employers of low earners will not suffer an increase but those with employees earning just over £20,000 will see an increase in their NIC bill. Employees' NICs are also due to increase by 1%. Increases in the personal allowance offset this increase for many, but higher earning employees will see a reduction in their take-home pay from April 2011, which may drive up salaries. Whilst share incentives taxed as capital are attractive in place of bonuses, for many employers there is little that can be done to reduce their NIC bill.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.