Recruiters slam Hammond's NI rate hike

Phillip Hammond

Recruiters have criticised Chancellor Philip Hammond’s Spring Budget for failing to support Britain’s business owners and entrepreneurs, and damaging future job creation. 

Among the measures that came in for criticism were changes to the way dividends are taxed, which will see the amount that the self-employed and business owners can pay themselves in dividends before being taxed falling from £5k to £2k. A rise in Class-4 National Insurance Contributions (NICs) paid by the self-employed from 9% now to 10% in 2018 and 11% in 2019 also came...

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