Budget 2017: what HR needs to know
www.iwlegacy.com/en-gb/news/budget-2017-what-hr-needs-to-know-54962
Increase in national insurance rates for self-employed; new emphasis on vocational education Main rate of NICs for self-employed will rise to 11 per cent by 2019 New technical T-levels, backed by work placements, to boost skills £5m to encourage 'returnship' initiatives among employers Most self-employed individuals will pay increased national insurance contributions (NICs), it was announced in last week’s budget, as chancellor Philip Hammond aims to reduce the ‘tax advantages’ of opting out of full employment. Class 4 NIC rates... Continue reading