TaxCorporate TaxHays and Robert Walters the latest to slam NI rises

Hays and Robert Walters the latest to slam NI rises

Hays' finance director Paul Venables says the "last thing" the market wants are higher taxes on employment

Leading recruitment companies have become the latest to criticise the
proposed National Insurance rise.

The changes are set to be introduced next April and will see employers and
staff contributions both increase by one percentage point.

Hays and Robert Walters said the Labour Party’s plan would mean the
employment market would remain uncertain, despite “strong growth” in the City,
according to
the
Daily Telegraph
.

Paul Venables, Hays’ finance director, said the “last thing” the market
wanted was further taxes on employment.

Alan Bannatyne, finance director at Robert Walters said:

“Not so long ago, the UK was seen as the fourth most tax-friendly country in
the world – now it’s the 84th according to a recent report.

“From a business perspective that’s very scary.”

Further reading:

UK
results contrast for Hays and Robert Walters

Michael
Page UK revenues better than expected

Tories
and Labour trading election blows on tax

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

2m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter