Employers’ NICs threshold is being reduced by 45%; there is a crisis coming and there is real fear across the business community

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Employers’ NICs threshold is being reduced by 45%; there is a crisis coming and there is real fear across the business community

In a tweet posted yesterday, Rupert Lowe, Member of Parliament for Great Yarmouth, highlighted the employee earnings threshold over which employers begin paying for National Insurance is being reduced to £5,000 per annum starting from the first day of the new tax year, 6 April 2025. This change means that employers will start paying National…