Employers' Contributions
Commons · Question 24423 · Tabled 16 Jan 2025 · Treasury · Official record
Answered 23 Jan 2025
Question
Asked by Dame Harriett Baldwin
To ask the Chancellor of the Exchequer, with reference to line 26 on page 118 of the Autumn Budget 2024, HC 295, published on 30 October 2024, if she will disaggregate the measures of (a) changing the Secondary Threshold to £5,000 and (b) increasing the e
Answer
Answered by James Murray, 23 Jan 2025
The static revenue of increasing the Employer National Insurance rate from 13.8% to 15%, and reducing the Secondary Threshold to a £5,000 annual equivalent are set out below. (£m)2025-262026-272027-282028-292029-30Revenue from increasing the Employer NIC...