In 2013 George Osborne announced a £2,000 employment allowance which removed the first £2,000 of employers’ National Insurance contributions. This tax cut is estimated to benefit 1.25 million businesses and 35,000 charities. It is also predicted that 450,000 businesses will drop out of paying employers’ National Insurance completely.
Show support for SBS UK by building up the hype in the run up to the day. Official marketing material will be available to download from the SBSUK team soon. You can also advertise the event by displaying posters in and around your premises.
The auto enrolment time clock has started.
Auto enrolment is not straightforward and will catch the unwary and ill-prepared.
Under the scheme all employers must automatically enrol certain members of their workforce into a pension scheme and will have to make contributions into it – initially it’s a minimum of 1% however this will soon rise to 3%.
The Chancellor George Osborne has now delivered his 2013 Budget speech to the House of Commons.
He said it was a Budget that recognised that Britain was an "aspiration nation" and was for those who aspire to "own their own home, get their first job, and start their own business."